One trend that is driving the growth of the jewellery industry in Dubai is the increasing inclination of the population toward online shopping. The expanding e-commerce industry further drives the growth of the UAE Gems & Jewelry Market in the upcoming five years². Market players are actively launching novel and premium products and increasing their product portfolios to reach an underserved consumer base across the country².
The UAE Gems & Jewelry Market value is anticipated to grow with a CAGR of 6.53% during the forecast period, 2023-2027². This market growth can be attributed to increasing demands for fashion jewellery and expensive gems among the population. The rising population of the country and its growing disposable income, mostly among the younger generation, is expected to facilitate the growth of the UAE Gems & Jewelry Market in the future five years².
In conclusion, e-commerce is playing an increasingly important role in Dubai’s jewellery industry. As more and more consumers turn to online shopping for their jewellery needs, businesses in this industry must adapt and offer their products through online channels in order to remain competitive.