Middle East & Africa Luxury Jewelry Market Size & Outlook
Middle East & Africa luxury jewelry market, 2016-2028 (US$M)
Related Markets
MEA luxury jewelry market highlights
- The MEA luxury jewelry market generated a revenue of USD 1,606.3 million in 2020.
- The market is expected to grow at a CAGR of -1.2% from 2021 to 2028.
- In terms of segment, gold was the largest revenue generating raw material in 2020.
- Platinum is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 1,606.3 million |
| Market revenue in 2028 | USD 1,460.7 million |
| Growth rate | -1.2% (CAGR from 2020 to 2028) |
| Largest segment | Gold |
| Fastest growing segment | Platinum |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gold, Platinum, Diamond, Gemstone, Precious Pearl |
| Key market players worldwide | Kering SA, The Swatch Group AG, Compagnie Financiere Richemont SA ADR, Lvmh Moet Hennessy Louis Vuitton SE, Signet Jewelers Ltd, Graff, Chopard International, Mikimoto, Pandora Jewelry Central Western Europe |
Other key industry trends
- In terms of revenue, MEA region accounted for 19.7% of the global luxury jewelry market in 2020.
- Globally, Latin America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 46.0 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Luxury Jewelry Market Scope
Luxury Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa luxury jewelry 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 luxury jewelry market will help companies and investors design strategic landscapes.
Gold was the largest segment with a revenue share of 47.93% in 2020. Horizon Databook has segmented the Middle East & Africa luxury jewelry market based on gold, platinum, diamond, gemstone, precious pearl covering the revenue growth of each sub-segment from 2016 to 2028.
The Middle East and Africa region are projected to account for a share of 3.96% in the global luxury jewelry market by 2028. The COVID-19 pandemic prompted a rush among investors that increased gold prices, which is a secure asset.
The weakening of the U.S. currency and the decline in interest rates are also responsible for the increase in gold prices. Reduced gold recycling due to pandemic restrictions also affected labor mobility and mine output, most notably in South Africa.
There was a 4% year-on-year drop in global gold production due to mine closures in 2020, whereas the output of silver from gold mines decreased by 5% year-on-year to 3,834t. South Africa accounted for a 9.5% decrease in silver production in 2020.
Reasons to subscribe to Middle East & Africa luxury jewelry market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa luxury jewelry market databook
-
Our clientele includes a mix of luxury jewelry market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 continent-level data and insights on the Middle East & Africa luxury jewelry market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa luxury jewelry market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
MEA luxury jewelry market size, by country, 2016-2028 (US$M)
Middle East & Africa Luxury Jewelry Market Outlook Share, 2020 & 2028 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
