uae gems and jewelry market forecast & opportunities, 2022- brochure

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

UAE Gems and Jewelry Market By Type, By Distribution Channel, By Organized Vs. Unorganized, Competitive Forecast and Opportunities, 2012 – 2022

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T a b l e o f C o n t e n t s

S. No. Contents

1. Product Inclusions & Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customers

4.1. Brand Recall & Awareness

4.2. Source of Knowledge/Information

4.3. Customer Spending Pattern

4.4. Factors Influencing Purchase Decisions

4.5. Factors Influencing Brand Switching

5. UAE Gems and Jewelry Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Gold, Diamond in Gold, Gemstones, Diamond, Silver and Others)

5.2.2. By Distribution Channel

5.2.3. By Organized vs Unorganized

5.2.4. By Region

5.2.5. By Company

5.3. Market Attractiveness Index

5.3.1. By Type

5.3.2. By Region

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S. No. Contents

6. UAE Gold Jewelry Market Outlook


6.1.1. By Value


6.2.1. By Application (Investment Vs Personal Use)

6.2.2. By Company

7. UAE Diamond in Gold Jewelry Market Outlook


7.1.1. By Value


7.2.1. By Company

8. UAE Gemstones Market Outlook


8.1.1. By Value


8.2.1. By Company

9. UAE Diamond Market Outlook


9.1.1. By Value


9.2.1. By Company

10. UAE Silver Jewelry Market Outlook


10.1.1. By Value


10.2.1. By Company

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S. No. Contents

11. UAE Other Gems & Jewelry Market Outlook


11.1.1. By Value

12. Import Export Analysis

13. Supply Chain Analysis

14. Porter’s Five Force Analysis

15. Market Dynamics

15.1. Drivers

15.2. Challenges

16. Market Trends & Developments

16.1. Increasing Online Jewelry Purchase

16.2. Growing Demand for Branded Jewelry

16.3. Changing Taste and Preferences of Consumers

16.4. Technological Advancements in Jewelry

16.5. Free Economic Zones

17. Policy & Regulatory Landscape

18. UAE Economic Profile

19. Competitive Landscape

19.1. Company Profiles

19.1.1. Damas International Limited

19.1.2. Joyalukkas

19.1.3. Titan International (Middle East) FZE

19.1.4. Gitanjali Gems Ltd.

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S. No. Contents

19.1.5. Tiffany & Co.

19.1.6. Malabar Gold and Diamonds

19.1.7. Ceylon Master Gems FZCO

19.1.8. ATLAS Jewelry LLC

19.1.9. Pure Gold Jewelers LLC

19.1.10. Sky Jewellery LLC

20. Strategic Recommendations

21. About Us & Disclaimer

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Pro

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Overv

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P r o d u c t I n c l u s i o n s & O v e r v i e w

Gemstones are commonly

referred to as gems. Gems

are precious or semiprecious

piece of crystals that are

fine-cut and polished, to

make jewelry and other

artefacts from it.

GemsJewelry

Jewelry can be defined as

ornaments made from

precious metals or gems.

Some of the examples of

jewelry are necklaces,

rings, bracelets, etc.

Product Definition

Gems & Jewelry Types

Gold DiamondDiamond in

GoldGemstones Silver

Other Jewelry Products(Platinum, Pearl, Palladium, Diamond in Others, etc.)

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed different aspects of UAE gems & jewelry

market. The team has analyzed the outlook of various segments of this market and speculated a positive future for

this industry, while considering the major influencing factors such as rise in population, increasing disposable

income of the consumers, change in lifestyle and growing tourism. The study includes market forecasting, which

would enable our clients to take better decisions while planning their strategies for operating in UAE gems & jewelry

market.

Methodology Followed for Calculation of Market Size:

Market Size by Value: Market size, in value terms, for 2016 was calculated through exhaustive primary surveys,

across various key opinion leaders such as gems & jewelry manufacturers (both foreign and local), distributors,

importers, retailers, etc.

The team interviewed more than 15 producers, 40 distributors/dealers and 45 retailers for obtaining the market

size during 2012-2016, using the Delphi technique. Taking standard deviation into consideration, market size

figures were averaged out to arrive at the market size figures for 2012 to 2016.

R e s e a r c h M e t h o d o l o g y

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Respondents were asked about the current and future growth rates, market share by company, by region as well

as sales channel. Removing the outlier responses, geometric mean of growth estimates and product wise

revenue shares generated across various applications was taken, to arrive at the final revenue shares. Revenue

shares generated across various application areas were further triangulated from distributors, retailers and other

stakeholders, depending on the usage of various products. Producers and suppliers were asked about average

selling prices of Gems & Jewelry of their respective companies.

Final average selling prices of Gems & Jewelry were deduced by taking weighted average, which was calculated

by taking into account their revenue contribution in the overall market and average selling prices of various

products. During the process, sales of best Gems & Jewelry sold by various suppliers and producers were also

taken into consideration.

Methodology Followed for Calculation of Market Shares:

Market share by company, by sales channel and by region was calculated based on the responses received

through primary surveys with industry experts, in which respondents were asked about market share or revenue

generated from various sales channel. The final data was calculated by taking geometric mean of the responses

gathered from over 100 key opinion leaders, after eliminating the outliers.


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Methodology Followed for Forecasting:

TechSci Research performed periodical checks on the data collected through surveys with logic checks and

analyzed survey results in SPSS/Tableau Software and data generated through its proprietary database.

TechSci Research applied data triangulation technique to fill gaps and present a meaningful picture of the market.

In order to forecast UAE gems & jewelry market, TechSci Research used various forecast techniques such as:

❖ Moving Average

❖ Time Series Analysis

❖ Regression analysis

❖ Econometric and Judgmental Analysis

TechSci Research used its own forecast tool, based on growth of various sale channel UAE. TechSci Research also

used impact analysis during short, medium and long term to estimate the demand and arrive at accurate market

figures.


Partial List of Companies

Interviewed

Damas International, Malabar Gold and Diamonds, Titan International (Middle East)

FZE, Joyalukkas, Gitanjali Gems Ltd., Tiffany & Co., Sky Jewellery , Pure Gold

Jewelers, Liali Jewelry, Golden Ring Jewelry, Emirates Diamond Jewelry, Pandora

Jewelers and Others

Secondary SourcesCompany Annual Reports, World Bank, Industry Magazines, Industry reports, News

Dailies, etc.

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Industr

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I n d u s t r y B r i e f

Gems and Jewelry Market in UAE to Reach $ 12 Billion by 2022

According to a recently released TechSci Research report, “UAE Gems and Jewelry Market By Type, By DistributionChannel, By Organized Vs. Unorganized, Competitive Forecast and Opportunities, 2012 – 2022”, the UAE gems and

jewelry market is projected to reach $ 12 billion by 2022. The country’s gems and jewelry market is expected to witnessrobust growth, owing to growing westernization and aggressive marketing and promotional strategies by industryplayers. Over the last few years, changing lifestyle preferences has led to the increase in brand consciousness andinclination towards western brands leading to surge in sales of exclusive designed jewelry in the country. According toUAE Department of Tourism & Commerce Marketing, in 2016, International Visitors Footfall in Dubai was 14.9 millionand is expected to reach 20 million by 2020. Moreover, according to World Bank, internet penetration rate in the UAE in2016 reached 91.9% from 85% in 2012. All these mentioned factors coupled with rising urban population share areexpected to positively influence demand for gems & jewelry in the country during the forecast period.

UAE gems and jewelry market comprises of Gold, Diamond in gold, Silver, Gemstones, Diamonds, and others such asPlatinum, Palladium, Pearl jewelry, etc. Among all, gold jewelry accounted for the highest revenue share in 2016, and isanticipated to remain dominant in the forecast period as well. Dubai has emerged as the fastest demand generatingregion in the UAE gems and jewelry market with a majority share contribution in value terms, in 2016. The region isexpected to hold its dominance by the end of forecast period on account of increasing disposable income of consumerscoupled with continuous launch of exclusive designer jewelry. Moreover, high demand in the region is also supported bythe presence of multiple exclusive showrooms & multi branded retail outlets of most of the leading market players, freezones, etc.

“Gems and jewelry market is surging in the UAE. Growing purchasing power, rapid urbanization and rising youngpopulation, coupled with changing consumer preferences and rising inclination towards innovative product designs hasincreased the demand for different types of jewelry such as diamond in gold and platinum jewelry in the UAE over thelast few years. These factors continue to position UAE as one of the lucrative gems and jewelry markets for leadingindustry players.”, says Mr. Karan Chechi, Research Director with TechSci Research, a research based global managementconsulting firm. Damas International, Joyalukkas, Malabar Gold and Diamonds, Gitanjali Gems, and Tiffany & Co. aresome of the leading players operating in UAE gems and jewelry market.

https://www.techsciresearch.com/report/uae-gems-and-jewelry-market/1451.html

© TechSci Research

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Sam

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Data

-Snapshot

S a m p l e D a t a - S n a p s h o t

Figure 6: UAE Gems and Jewelry Market Size, By Value,

2012–2022F (USD Billion)

5.3

5

5.4

0

5.4

5

5.5

0

5.5

5

5.6

0

5.6

5

5.7

0

5.7

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5.8

0

5.8

5

CAGR 2012-2016

By Value: X%

CAGR 2017E-2022F

By Value: X%

Jewelry Retailing

Jewelry Manufacturing

Mining

Gems Stone Processing

Gems & Jewelry Processing Flow Chart

20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%

30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%

50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F

Exclusive Showrooms

Multi Branded Jewelry Showrooms

Online

Figure 8: UAE Gems and Jewelry Market Share, By Point of Sale, By

Value, 2012-2022F

Figure 13: UAE Gems and Jewelry Market Share, By Company, By Value, 2016

Figure 22: UAE Diamond in Gold Jewelry Market Share, By Company, By Value,

2016

200

400

600

800

2010 2015 2018F 2020F

Figure 37: UAE E-Commerce Market Size, By Value,

2010, 2015, 2018F & 2020F (USD Million)

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

Damas Malabar Joyalukkas Geetanjali Tiffany Others

Source: XXXXXNote: These are dummy figures; please purchase our report for actual data

10.00%20.00%

30.00%40.00%

Damas Malabar Gold &Diamonds

Gitanjali Others

© TechSci Research

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Report

Ord

ering

R e p o r t O r d e r i n g

License Type Price

Electronic Access - Single User License $2500

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Report Price

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Report Name: UAE Gems and Jewelry Market By Type, By Distribution Channel,

By Organized Vs. Unorganized, Competitive Forecast and Opportunities,

2012 – 2022

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About U

s &

Dis

cla

imer

A b o u t U s & D i s c l a i m e r

About Us

TechSci Research is a global market research and consulting company with offices in US, UK and India. TechSci Research provides

market research reports in a number of areas to organizations. The company uses innovative business models that focus on

improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of

both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country,

regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a

uniquely rich evaluation of the opportunities available in the market.

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Partial List of Clients

Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made

that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various

sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness

of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially

states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and

forecast, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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