UAE Diamond Jewelry Market Size & Outlook, 2023-2030
The diamond jewelry market in the UAE is expected to reach a projected revenue of US$ 1,963.0 million by 2030. A compound annual growth rate of 5.9% is expected of the UAE diamond jewelry market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,314.2
Forecast, 2030 (US$M)
$1,963.0
CAGR, 2024 - 2030
5.9%
Report Coverage
UAE
Related Markets
UAE diamond jewelry market highlights
- The UAE diamond jewelry market generated a revenue of USD 1,314.2 million in 2023 and is expected to reach USD 1,963.0 million by 2030.
- The UAE market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, round brilliant cut diamond was the largest revenue generating cut in 2023.
- Round Brilliant Cut Diamond is the most lucrative cut segment registering the fastest growth during the forecast period.
Diamond jewelry market data book summary
| Market revenue in 2023 | USD 1,314.2 million |
| Market revenue in 2030 | USD 1,963.0 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Round brilliant cut diamond |
| Fastest growing segment | Round Brilliant Cut Diamond |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Round Brilliant Cut Diamond, Princess Cut Diamond, Emerald Cut Diamond, Radiant Cut Diamond, Cushion Cut Diamond, Oval Cut Diamond, Asscher Cut Diamond, Marquise Cut Diamond, Pear Cut Diamond, Heart Cut Diamond |
| Key market players worldwide | Lvmh Moet Hennessy Louis Vuitton SE, Compagnie Financiere Richemont SA ADR, Signet Jewelers Ltd, Anglo American PLC, Pandora Jewelry Central Western Europe, Chow Tai Fook Jewellery Group Ltd, Petra Diamonds Ltd, Swarovski Group, Trans Hex, Bulgari SpA |
Other key industry trends
- In terms of revenue, UAE accounted for 1.5% of the global diamond jewelry market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia diamond jewelry market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,963.0 million by 2030.
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Diamond Jewelry Market Scope
Diamond jewelry market segmentation & scope
Others
Diamond Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bulgari SpA | View profile | 1001-5000 | Rome, Lazio, Italy, Europe | https://www.bulgari.com/en-sg/ |
| Swarovski Group | View profile | 10001+ | Wattens, Tirol, Austria, Europe | https://www.swarovski.com/ |
| Trans Hex | View profile | 251-500 | Cape Town, NA - South Africa, South Africa, Africa | https://www.transhex.co.za |
| Petra Diamonds Ltd | View profile | 3042 | 2 Church Street, Clarendon House, Hamilton, Bermuda, HM11 | https://www.petradiamonds.com |
| Chow Tai Fook Jewellery Group Ltd | View profile | 28400 | 16 - 18 Queen's Road Central, 33rd Floor, New World Tower, Central, Hong Kong, Hong Kong | https://www.ctfjewellerygroup.com |
| Anglo American PLC | View profile | 58000 | 17 Charterhouse Street, London, United Kingdom, EC1N 6RA | https://www.angloamerican.com |
| Pandora Jewelry Central Western Europe | View profile | - | Brundby, Midtjylland, Denmark, Europe | - |
| Signet Jewelers Ltd | View profile | 27991 | 2 Church Street, Clarendon House, Hamilton, Bermuda, HM11 | https://www.signetjewelers.com |
| Compagnie Financiere Richemont SA ADR | View profile | 37117 | 50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, Switzerland, 1293 | https://www.richemont.com |
| Lvmh Moet Hennessy Louis Vuitton SE | View profile | 192346 | 22, Avenue Montaigne, Paris, France, 75008 | https://www.lvmh.com |
UAE diamond jewelry market size, by cut, 2018-2030 (US$M)
UAE Diamond Jewelry Market Outlook Share, 2023 & 2030 (US$M)
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