GCC Jewelry Market Size to Hit USD 24.04 Billion by 2033 | With a 5.7% CAGR

GCC Jewelry Market Overview

Market Size in 2024: USD 14.11 Billion

Market Size in 2033: USD 24.04 Billion

Market Growth Rate 2025-2033: 5.7%

According to IMARC Group's latest research publication, "GCC Jewelry Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033," the GCC jewelry market size was valued at USD 14.11 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 24.04 Billion by 2033, exhibiting a CAGR of 5.7% during 2025-2033.

How AI is Reshaping the Future of GCC Jewelry Market

● AI enables hyper-personalized shopping experiences in the GCC by analyzing customer data to recommend tailored designs, boosting engagement and sales among affluent buyers seeking unique pieces.

● Virtual try-on technologies powered by AI allow consumers to preview jewelry online or in stores, reducing purchase hesitation and enhancing e-commerce adoption in tech-savvy markets like UAE and Saudi Arabia.

● AI-driven predictive analytics optimize inventory management for retailers, forecasting demand for gold and diamond items during peak seasons like weddings and festivals across the region.

● In design and manufacturing, AI accelerates innovation by generating new patterns and detecting imperfections, helping GCC brands create efficient, high-quality collections while minimizing waste.

● AI supports sustainability efforts by tracking ethical sourcing of materials, appealing to younger GCC consumers interested in responsible luxury jewelry purchases.

Grab a sample PDF of this report: https://www.imarcgroup.com/gcc-jewelry-market/requestsample

How Vision 2030 is Revolutionizing GCC Jewelry Industry

Saudi Arabia's Vision 2030 is transforming the GCC jewelry sector by diversifying the economy beyond oil, boosting tourism to 150 million visitors by 2030, and creating a vibrant luxury retail landscape. Initiatives like flagship store expansions in Riyadh and Jeddah attract international brands and high-end shoppers, increasing demand for premium gold, diamond, and branded pieces. The plan promotes cultural heritage through modern designs, while economic reforms raise disposable incomes and encourage investment in local manufacturing and retail. Unified Gulf tourist visas simplify travel, positioning the region as a top shopping destination with tax-free benefits, driving bridal and investment jewelry sales. Vision 2030 fosters innovation, foreign partnerships, and digital transformation, elevating Saudi Arabia's role alongside Dubai and strengthening overall GCC market growth through enhanced infrastructure and consumer spending.

GCC Jewelry Market Trends & Drivers

The GCC jewelry market thrives on cultural traditions valuing gold in weddings, festivals, and gifting, combined with rising disposable incomes from economic diversification and high GDP. Tourism surges, fueled by events and strategies in Saudi Arabia, UAE, Qatar, and Bahrain, attract affluent visitors seeking luxury purchases, while e-commerce growth and omnichannel platforms make high-end pieces more accessible to younger demographics.

Key drivers include expanding luxury retail with new stores and flagship boutiques, demand for personalized and branded designs, strong gold investment trends amid economic stability, and government regulations ensuring authenticity and quality, particularly in Dubai's shopping hubs, supporting sustained market expansion.

Buy the Latest 2026 Edition: https://www.imarcgroup.com/checkout?id=10230&method=3825

GCC Jewelry Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Product:

Necklace
● Ring
● Earrings
● Bracelets
● Others

Analysis by Material:

● Gold
● Platinum
● Diamond
● Others

Country Analysis:

● Saudi Arabia
● UAE
● Qatar
● Bahrain
● Kuwait
● Oman

Ask analyst of customized report: https://www.imarcgroup.com/request?type=report&id=10230&flag=E

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in GCC Jewelry Market

● January 2025: GCC jewelry retailers reported record winter-season sales, driven by tourism inflows and strong demand for gold, diamond, and bridal jewelry across the UAE and Saudi Arabia.

● March 2025: Leading international jewelry houses announced flagship store expansions and experiential boutiques in Dubai and Riyadh, reflecting increased luxury spending in the region.

● June 2025: Major GCC jewelers invested in digital transformation and omnichannel platforms, integrating virtual try-ons, personalization tools, and online-to-offline purchasing.

● September 2025: Saudi Arabia and the UAE saw high-value bridal jewelry launches and collections timed with wedding seasons, boosting demand for customized and heritage-inspired designs.

● December 2025: Year-end festivities and gifting drove record annual jewelry revenues, with strong performance in 22K gold jewelry, diamonds, and premium watches across GCC retail hubs.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St., Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-201971-6302

This release was published on openPR.