With a further easing of restrictions in the United Arab Emirates, gatherings and events are now permitted in 2021, including weddings, corporate exhibitions and even large-scale events such as Expo 2020. This has been possible due to strong COVID-19 prevention measures applied in the country such as high vaccination rates, strict mask wearing and testing.
Being a hard luxury item with less wear and tear, luxury jewellery continues to see competition from pre-loved or second-hand jewellery sellers and products. Many pre-loved luxury players such as The Luxury Closet, continue to sell original pieces and older editions at more affordable prices.
Luxury jewellery has also joined the e-commerce landscape and is slowly but surely gaining share by offering a wider range of products, greater access to information and options of buying online, in-store and via phone as part of an omnichannel approach. Brand presence through social media apps and websites also gives access to consumers, while providing regular campaign information.
Hard luxury goods such as luxury jewellery continue to be viewed as investment pieces in the United Arab Emirates, which could be sold in the future or passed on to future generations, with minimum wear and tear. Consumers are likely to purchase luxury jewellery with a specific purpose in mind, for special occasions such as weddings and events, statement pieces for daily wear, selling or even exchanging them in the pre-loved market.
While residents have mostly contributed towards the tentative recovery of luxury jewellery in the last half of 2020 and into early 2021 as stores opened up, during the forecast period a further boost is expected from the rebound of domestic and international tourism. This will be supported by the high level of vaccinations in the United Arab Emirates, boosting confidence amongst tourists visiting the country.
The pandemic has resulted in consumers becoming increasingly aware of their health and wellness as well as of their wider environment. Hence, themes of holistic sustainability which involves ethical mining of resources, treating workers and employees fairly, considering the environment, repurposing or recycling materials are gaining in prominence will be considered by corporates and stakeholders over the forecast period as part of new product development strategies.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Luxury 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 Luxury 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.
This is the aggregation of luxury fine jewellery and luxury costume jewellery.See All of Our Definitions
This report originates from Passport, our Luxury Jewellery research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!