UAE Gems & Jewelry Market to Grow at a CAGR of 6.53% until 2027
UAE Gems & Jewelry Market is anticipated to grow with rising disposable income, in the forecast period, 2023-2027F. According to TechSci report on, “ UAE Gems & Jewelry Market - By Region, Competition Forecast & Opportunities, 2027” , UAE gems & jewelry market stood at USD7.28 billion in 2021, growing at a CAGR of 6.53% during the forecast period, 2023-2027, owing to factors like growing demands for branded jewelry. Rising number of market players in the country is further driving the growth of the UAE gems & jewelry market in the upcoming five years. Quality assurance over product, assured authenticity of the gems and jewels, along with aesthetic designs over jewelry are major factors influencing the consumer preference toward branded jewelry that drives the market growth. Collaboration between fashion houses and jewelry designers, and market players increase the product availability for the consumers to choose from, thereby supporting the growth of the UAE ge