UAE Luxury Jewelry Market Set to Reach $2.24 Billion by 2030, Driven by Tourism and Cultural Demand

Prime Highlights:

The UAE luxury jewelry market is projected to grow at 10.36% annually, fueled by high-spending consumers, tourism, and the cultural importance of jewelry in weddings and traditions.
Global and local brands are blending innovation with heritage through technologies like virtual try-ons and sustainable sourcing to meet evolving customer preferences.

Key Facts:

The market is expected to grow from $1.24 billion in 2025 to $2.24 billion by 2030, with Dubai accounting for over 50% of total sales.
Offline sales still dominate with 57% market share, but online purchases are rapidly increasing due to e-commerce platforms and digital tools.

Background

The UAE luxury jewelry market is expected to grow from $1.24 billion in 2025 to $2.24 billion by 2030, growing at 10.36% per year, industry experts say. The growth is driven by wealthier buyers, rising tourism, and the importance of jewelry in weddings and cultural events.

The UAE jewelry is produced with gold, diamonds, and precious gemstones, and is regarded as a symbol of style, status, and tradition. Dubai leads the market with over half of total sales, while Abu Dhabi, Sharjah, and the Northern Emirates are also growing quickly. Tourists visiting the UAE add to the demand for luxury pieces.

Necklaces are the most popular, followed by rings and earrings. Gold is the most preferred material. Most buyers are women, but demand among men and children is increasing. Offline stores still make up 57% of sales, but online shopping is rising fast thanks to e-commerce platforms and virtual try-on tools.

Global brands such as Cartier, Tiffany & Co., Bulgari, and Graff dominate the market with exclusive collections and high-quality designs. Local brands, including MKS Jewellery, attract buyers looking for heritage and handmade designs.

Experts say the market will adopt new technologies like virtual reality, augmented reality, and AI personalization to improve shopping. Brands are also concentrating on environmentally friendly and responsibly sourced jewelry to satisfy customers.

With strong demand from both locals and tourists, the UAE luxury jewelry market is set for steady growth. The market combines tradition, innovation, and quality craftsmanship, keeping the UAE a top destination for luxury jewelry shopping.