Saudi Arabia Gold and Diamond Jewelry Market to Grow with a CAGR of 13.92% During the Forecast Period
Rising fashion and preference for luxury jewelry products among the customers are fueling the Saudi Arabia Gold and Diamond Jewelry market through 2027. According to TechSci Research report, “ Saudi Arabia Gold and Diamond Jewelry Market - By Region, Competition, Opportunities and Forecast , 2017-2027 ” The Saudi Arabia Gold and Diamond Jewelry Market is forecast to grow at a CAGR of 13.92% with market size of around USD7.06 billion by 2027F owing to various factors such as a growing consumer base with the increasing preference for investing in gold and diamond among the young and working-class population . Moreover, the emergence of fashionable and exclusive jewelry in Saudi Arabia is driven by rising consumer awareness and preference for western brands, which is anticipated to increase the demand for gold and diamond jewelry there over the forecast period. Furthermore, the market has witnessed significant growth in the demand for these products with the growing platform of