UAE Luxury Jewelry Market Research Report: Forecast (2026-2030)

Market Insights & Analysis: UAE Luxury Jewelry Market (2026-30):

The UAE Luxury Jewelry Market size is valued at around USD 1.24 billion in 2025 and is projected to reach USD 2.24 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.36% during the forecast period, i.e., 2026-30. Various factors are attributed to the growing market. The UAE population consists of many high-net-worth individuals who allocate their high disposable income towards premium products like luxury jewelry. Also, the growing number of online platforms has increased the penetration of multiple brands in the country by allowing customers to buy high-end luxury jewelry with ease. Moreover, luxury jewelry is highly popular in the UAE, as diamonds and gold are of immense importance in most cultural ceremonies and events. Additionally, the growing number of weddings in the country has created an immense demand for luxury bridal jewelry. The high number of tourists, coupled with a high number of luxury shops present in various locations of the country, further boosts the demand.

The increasing number of tourists is boosting the market size & volume. For instance, 18.72 million tourists visited Dubai in 2024, which was a 9% increase over 2023 traffic. This tourist influx from various countries having high spending power has penetrated the demand for luxury goods, including jewelry. This is due to the tourists’ desire to buy culturally significant pieces as investments or souvenirs. This not only increases the sales but also encourages foreign luxury jewelry brands to open & grow their business in the United Arab Emirates. 

Moreover, the country is a destination for luxury shopping, which helps in the expansion of the market. A large number of international retail giants are present in the major shopping centers & malls of the country.  This increases the accessibility of high-end jewelry to consumers through the flagship stores. These stores increase brand awareness and consumer interaction by fusing heritage charm with experiential shopping.  More than 105 million people visited the Dubai Mall in 2023, which depicts the high volume of affluent buyers in these places. Various tourists, investors & locals are also being drawn by traditional shopping areas like Gold & Diamond Park and the Dubai Gold Souk, offering unique designs as per consumer requirement. Also, the government's ongoing expenditures on infrastructure and tourism reinforce this trend, through brand-new shopping centers and retail districts.

UAE Luxury Jewelry Market Scope:

UAE Luxury Jewelry Market Driver:

Increasing Penetration of Bridal Jewelry Driving Market Growth – The UAE's wedding season increases the demand for luxury jewelry. This is because bridal jewelry accounts for a sizeable portion of the UAE market sales. This is reflected by the endorsement of diamonds & gold in wedding ceremonies.

A large number of destination weddings are hosted in the UAE by major people from South Asian & GCC countries. For instance, the number of destination weddings by Indians rose to 23% in 2024. This has turned places like Dubai & Abu Dhabi into a key sales hub during the peak season because a large part of the wedding budget is allocated to high-class bridal jewelry. This can be seen with the 37% rise in the cost of lavish weddings in the UAE over the last five years as of 2024. A larger part of this rising budget is allocated to bridal adornment, further creating the demand for luxury jewelry. This will keep driving market growth & expansion during the forecast period as well.

UAE Luxury Jewelry Market Opportunity:

Rising Demand for Heritage & Artisanal Designs Offering Lucrative Opportunity – The increasing demand for heritage & artisanal jewelry is the key opportunity for the market players. Various buyers are emphasizing the pieces that tell cultural stories crafted with traditional methods. This brings consistency in the market for a larger aspiration regarding authenticity & personalization. This is most evident in the young & rich consumers who are fond of the exclusivity embedded in artisanal pieces.

Various market players have already started to capitalize on this opportunity by fusing ancient motifs with modern aesthetics. For instance, MKS Jewelers provides various luxury collections by combining Emirati heritage with modern aesthetics. Also, Gafla Jewelry designed various items inspired by Arabic traditions while appealing to contemporary sensibilities and respecting cultural heritage. The focus on heritage and handicraft distinguishes UAE brands in a competitive marketplace and makes them more desirable to tourists who look for authentically rich luxury products. This helps in the market growth while making the UAE a destination for culturally enhanced luxury Jewelry.

UAE Luxury Jewelry Market Challenge:

Increasing Risk of Counterfeit Products Impeding Market Growth – The rising number of counterfeit products is impeding the growth while undermining customer confidence & affecting brand integrity. For instance, around 4.63 million counterfeit products were confiscated by Dubai Customs in the first quarter of 2024, including luxury jewelry & others worth around USD1.48 million. These fake products look similar to the original product, which destroys the brand’s exclusivity while undermining the confidence of consumers in the brand. These situation leads to high operational expenses on legal action & technological authentication. Even with strict laws & enforcement measures, these fake products continue to hinder the market growth & expansion. To overcome this challenge, increased cooperation between authorities and industry players is needed to enhance intellectual property rights protection and consumer awareness.

UAE Luxury Jewelry Market Trend:

Virtual Try-on Option Shaping Market Dynamics – Virtual try-on integration is defining the market by utilizing AR & AI technology. Several businesses are combining these services to satisfy the broad base of consumers. For instance, Tanishq UAE collaborated with Vossleto to provide virtual try-on experiences to launch a metaverse platform "Rivaahverse" in 2022. It enables consumers to virtually try on their "Polki" collection via AR technology on their devices. This is in line with the country's focus on digital innovation as well as increasing consumer interaction. Further, it is considerably influential within the UAE market owing to the increasing penetration of the internet, which is over 99%, with a very rich population that is now able to virtually determine how these high-class jewelry items appear and feel before making a purchase.

Furthermore, statistics indicate that customers spend 4.5 times more time on sites that have AR functionality, where 73% feel more secure with their purchasing decision on Luxury Jewelry products. Such factors add up to an additional 65% chance of completion of the purchase by the customers who are using AR functions, along with a 40% reduction in the low return rate. The trend will further remain to bring forth opportunities within the UAE market during the forecast period.

UAE Luxury Jewelry Market (2026-30): Segmentation Analysis

The UAE Luxury Jewelry Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2026–2030 at the country level. Based on the analysis, the market has been further classified as:

Based on Product:

• Necklace
• Rings
• Earrings
• Bracelets
• Others

The necklace product type dominates the market, with a market share of more than 30%. Necklaces lead the UAE luxury Jewelry industry due to a combination of cultural significance and consumer preferences. Necklaces are an important part of the Emirati & Arab culture as they are integral to the traditional attire. This creates a high demand for luxury necklaces in the region. Moreover, necklaces are extremely popular in key retail hubs across the region, with a wide variety from top global brands. Their market leadership is further supported by the preferences of luxury consumers in the UAE, who often seek bold and statement pieces that reflect their identity and lifestyle. This segment is anticipated to dominate the market during the forecast period as well.

Based on Distribution Channels:

• Online
• Offline

Out of them, the offline distribution channel leads the UAE Luxury Jewelry Market. It holds around 57% of the total market share. The buyers in the UAE highly prefer to visit physical stores for the examination of the craftsmanship & authenticity of luxury Jewelry, which drives the demand for the segment. These consumers include tourists & individuals who buy the Jewelry after thoroughly checking the quality of the products. Moreover, cities like Dubai are the jewel of the market that contain a large number of offline stores in iconic retail destinations.

Also, digital platforms fail to replicate the customer interaction, which is a necessary part of this business. Various international brands in the region have thus invested heavily in stores to provide the customer with high-quality lounges & personal stylists. This further enhances the consumer’s experience while appealing to high-net-worth individuals. The tactical shopping during festivals & gift selections weddings further contributes to the segment’s revenue growth in the UAE market.

UAE Luxury Jewelry Market (2026-30): Regional Projections

Geographically, the UAE Luxury Jewelry Market expands across:

• Dubai
• Abu Dhabi
• Sharjah
• Northern Emirates

Out of them, Dubai leads the UAE Luxury Jewelry Market with a market share of around 52.73%. Various reasons are attributed to this domination. The asset-backed purchases of luxury Jewelry by various South Asian & Middle Eastern buyers have led to the market growth, as it is the home to the market for the resale & investment-driven purchase of 22K & 24K gold. Also, a large number of buyers are attracted by Dubai’s international Jewelry exhibitions & trade shows, where many international brands showcase their high-end Jewelry. Moreover, Dubai has established itself as a duty-free trade & logistics hub while being the regional capital for luxury Jewelry due to its strategic position as the city of gold. Moreover, the liberal tax policies like the zero VAT on loose diamonds & gold bullion for registered traders allow easier development of luxury Jewelry. Additionally, this domination is supported by the smooth import/export processes for precious metals and gemstones through favorable polices offered by the Dubai Multi Commodities Center and Dubai Gold Souk.

Top UAE Luxury Jewelry Market Companies: Players, Analysis & Future Outlook

The leading luxury jewelry players in the UAE industry include Cartier, Tiffany & Co., Bulgari, Van Cleef & Arpels, Damas, Graff, MKS Jewellery, Arqa Jewellery, Sana Al Maktoum Fine Jewellery, Galfa, and others.

UAE Luxury Jewelry Industry Recent Development:

• February 2025: Cartier exhibited its 300 new unique pieces of high luxury Jewelry for sale, under “A Journey of Wonders” that promised to be a celebration of culture, artistry, and the enduring spirit of the UAE.
• November 2024: Van Cleef & Arpels unveiled its "Treasure Island" high Jewelry collection in Miami, which is available for sale in the UAE as well. It is inspired by the world imagined by Robert Louis Stevenson in the classic adventure novel of the same name, Treasure Island.

Gain a Competitive Edge with Our UAE Luxury Jewelry Market Report

1. UAE Luxury Jewelry Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. The UAE Luxury Jewelry Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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