PROSPECTS AND OPPORTUNITIES
HNWIs drive sales of both premium costume and fine jewellery
In the United Arab Emirates, an influx of high net worth individuals (HNWIs) relocating to or visiting the country has fuelled growth of premium costume and fine jewellery. While some residents are reducing their spending, a substantial number of wealthy newcomers — many from countries grappling with hyperinflation or political instability — are arriving in large numbers.
Arabic and Islamic-inspired designs to increasingly influence brand strategies
Luxury brands such as Cartier, Damas, Bvlgari, and Piaget are increasingly embracing Arabic-inspired designs, incorporating elements such as calligraphy and traditional motifs into their jewellery collections. This trend is anticipated to gain momentum, particularly as advancements in AI technology enhance the creative process of jewellery making.
United Arab Emirates as wedding destination to drive fine jewellery sales
A sizeable portion of fine jewellery sales in the United Arab Emirates is linked to weddings. Recent changes to civil marriage laws now allow non-Muslims to opt for civil marriage in the country, encouraging many expatriates to marry in the United Arab Emirates rather than abroad.
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Overview:
Understand the latest market trends and future growth opportunities for the Jewellery industry in United Arab Emirates with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in United Arab Emirates, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Jewellery in United Arab Emirates report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Jewellery in United Arab Emirates?
- Which are the leading brands in Jewellery in United Arab Emirates?
- How significant is tourism in determining sales and demand for Jewellery in United Arab Emirates?
- How are COVID-19 and global recession impacting demand for Jewellery in United Arab Emirates?
- In the wake of COVID-19, how soon can Jewellery be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Jewellery in the United Arab Emirates - Category analysis
KEY DATA FINDINGS
Fine jewellery brands at risk of counterfeiting
Rapid expansion for Malabar Gold in local market
Aldo Accessories remains leading brand of costume jewellery, appealing to local sensibilities
HNWIs drive sales of both premium costume and fine jewellery
Arabic and Islamic-inspired designs to increasingly influence brand strategies
United Arab Emirates as wedding destination to drive fine jewellery sales
Personal Accessories in the United Arab Emirates - Industry Overview
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
The following categories and subcategories are included:
Jewellery
- Costume Jewellery
- Fine Jewellery
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Jewellery research and analysis database.
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