Saudi Arabia Gemstone Market Size & Outlook, 2025-2033
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Saudi Arabia gemstone market highlights
- The Saudi Arabia gemstone market generated a revenue of USD 2,312.5 millions in 2024 and is expected to reach USD 4,246.3 millions by 2033.
- The Saudi Arabia market is expected to grow at a CAGR of 7.2% from 2025 to 2033.
- In terms of segment, diamond was the largest revenue generating type in 2024.
- Ruby is the most lucrative type segment registering the fastest growth during the forecast period.
Gemstone market data book summary
| Market revenue in 2024 | USD 2,312.5 millions |
| Market revenue in 2033 | USD 4,246.3 millions |
| Growth rate | 7.2% (CAGR from 2025 to 2033) |
| Largest segment | Diamond |
| Fastest growing segment | Ruby |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD millions |
| Market segmentation | Diamond, Ruby, Saffire, Emerald |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.3% of the global gemstone market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Middle East & Africa, Saudi Arabia gemstone market is projected to lead the regional market in terms of revenue in 2033.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4,246.3 millions by 2033.
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Gemstone Market Scope
Gemstone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Debswana Diamond Company | View profile | - | Gaborone, South-East, Botswana, Africa | http://www.debswana.com |
| Kiran Gems | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | https://www.kirangems.com |
| Rio Tinto | View profile | 10001+ | Melbourne, Victoria, Australia, Oceania | http://www.riotinto.com |
| Tiffany & Co | View profile | 10001+ | New York, New York, United States, North America | http://www.tiffany.com |
| Gem Diamonds Ltd | View profile | 1401 | 2 Eaton Gate, London, United Kingdom, SW1W 9BJ | https://www.gemdiamonds.com |
| Blue Nile | View profile | 501-1000 | Seattle, Washington, United States, North America | http://www.bluenile.com |
| Gemfields Group Ltd | View profile | 1524 | St Julian’s Avenue, Royal Chambers, PO Box 186, St Peter Port, Guernsey, GY1 4HP | https://www.gemfieldsgroup.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 |
Saudi Arabia gemstone market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gemstone market will help companies and investors design strategic landscapes.
Diamond was the largest segment with a revenue share of 87.55% in 2024. Horizon Databook has segmented the Saudi Arabia gemstone market based on diamond, ruby, saffire, emerald covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of Saudi Arabia gemstone market databook
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Our clientele includes a mix of gemstone market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia gemstone market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia gemstone market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Saudi Arabia gemstone market size, by type, 2021-2033 (US$Ms)
Saudi Arabia Gemstone Market Outlook Share, 2024 & 2033 (US$Ms)
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