In 2021, the luxury jewelry market size in the Gulf Cooperation Council (GCC) was around *** billion U.S. dollars up from *** billion U.S. dollars in 2019. Total personal luxury market size in the GCC was around *** billion U.S. dollars in the same year.

In GCC Jewelry Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,

The jewelry market in the GCC region is predicted to experience continued growth over the next decade, driven by increasing demand. Market performance is expected to steadily expand, with a forecasted CAGR of +1.5% in volume and +3.0% in value from 2024 to 2035. By the end of 2035, the market is projected to reach 1K tons in volume and $49.4B in value.

In 2021, the luxury watches market size in the Gulf Cooperation Council (GCC) reached around **** billion U.S. dollars. Meanwhile, the luxury jewelry market size in the GCC reached *** billion U.S. dollars in the same year. The total luxury watches and jewelry market size in the region was around **** billion U.S. dollars.

The GCC jewelry market soared to $35.8B in 2024, picking up by 108% against the previous year. In general, consumption posted a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In GCC Handmade Jewelry Market, The growing interest in customization and personalization, coupled with the rising trend of ethical consumerism, is expected to continue driving the market's expansion.

Discover the latest trends in the imitation jewelry market in the GCC region. With a projected increase in market volume and value over the next decade, find out how consumer demand is driving growth in this industry.

In 2024, overseas shipments of imitation jewelry were finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a deep slump. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2024, the exports remained at a lower figure.

The GCC luxury goods market, valued at $13.64 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 10.15% from 2025 to 2033. This expansion is fueled by several key drivers. The region's burgeoning affluent population, with a significant concentration of high-net-worth individuals (HNWIs), forms a core consumer base for luxury brands. Increasing disposable incomes, coupled with a strong preference for high-end products and experiences, further stimulate market demand. Furthermore, the development of sophisticated retail infrastructure, including luxury malls and online platforms, enhances accessibility and convenience for consumers. Government initiatives promoting tourism and diversification of the economy also contribute to the market's growth trajectory. While challenges like economic fluctuations and geopolitical uncertainties exist, the long-term outlook remains positive, particularly considering the rising trend of experiential luxury and the increasing influence of social media on purchasing decisions within this demographic. Segment-wise, the Clothing and Apparel segment likely holds the largest market share, followed by Footwear and Jewellery. Within the distribution channels, online stores are witnessing significant growth, reflecting the increasing adoption of e-commerce among luxury consumers. Saudi Arabia and the United Arab Emirates are expected to dominate the regional market due to their larger economies and higher concentration of HNWIs. However, other GCC nations like Qatar, Kuwait, Oman, and Bahrain are also poised for substantial growth, driven by increasing tourism and infrastructural development. The competitive landscape is dominated by established international luxury brands like Chanel, LVMH, and Rolex, alongside other prominent players. These brands continue to invest in enhancing their brand presence, creating unique customer experiences, and expanding their product offerings to cater to the evolving preferences of GCC consumers. Recent developments include: July 2024: Versace unveiled its Fall-Winter collection, showcasing an array of clothing, luxurious watches, jewelry, and more., February 2024: Prada Beauty debuted its Skin and Color range at Dubai Duty-Free, featuring products like the Prada Balm and two variants of their Weightless Lipcolor., January 2024: Kelvin Haus introduced its inaugural sustainable brand to the Dubai market, debuting with "The Street Tee – Dubai Edition.". Key drivers for this market are: Increasing Tourism and Growing Cultural Influence, Aggressive Marketing and Advertising by Brands. Potential restraints include: Increasing Tourism and Growing Cultural Influence, Aggressive Marketing and Advertising by Brands. Notable trends are: Sales of Clothing and Apparel Drive the Market.

The GCC Personal Luxury Goods Market report segments the industry into Type (Clothing and Apparel, Footwear, Bags, Jewellery, Watches, Other Accessories), Gender (Male, Female), Distribution Channel (Single Branded Stores, Multi-Branded Stores, Online Stores, Other Distribution Channels), and Geography (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, Bahrain).

GCC Personal Luxury Goods Market size was valued at USD 10.75 Billion in 2024 and is projected to reach USD 19.17 Billion by 2032, growing at a CAGR of 7.5% during the forecast period 2025-2032.

Personal luxury goods are high-end things that represent exclusivity, superior quality, and prestige, and are frequently connected with well-known brands. These items include designer apparel, jewelry, watches, high-end beauty products, luxury accessories, and luxury vehicles. They are typically aimed at affluent consumers who value prestige, elegance, and great craftsmanship. Personal luxury goods are used in physical retail locations, online platforms, and exclusive showrooms, with a focus on personalized shopping experiences and limited-edition products.

This sector offers a promising future, thanks to an increasing number of high-net-worth individuals, the expansion of e-commerce, and increased demand for sustainable luxury.

The global diamond jewelry market is estimated to reach $94,770 million in 2025 and is projected to grow at a CAGR of 1.7% during the forecast period (2025-2033). The growth of the market is primarily driven by rising disposable incomes, increasing awareness about diamond jewelry as an investment, and the growing popularity of diamond jewelry as a fashion accessory. The market is also expected to benefit from the increasing demand for diamond jewelry during weddings, festivals, and special occasions. North America is the largest market for diamond jewelry, followed by Asia Pacific. The growth in the Asia Pacific region is attributed to the increasing disposable incomes and the growing middle class. China and India are the key markets in this region. The market in Europe is also expected to grow steadily during the forecast period. The key markets in this region include the United Kingdom, Germany, and France. The market in the Middle East and Africa is also expected to grow, driven by the increasing demand for diamond jewelry in the GCC countries. The global diamond jewelry market is projected to reach over $XX billion by 20XX, exhibiting a CAGR of over XX% during the forecast period. The market's growth is driven by rising disposable incomes, increasing urbanization, and growing demand for luxury accessories.

The fashion luxury market in the Gulf Cooperation Council (GCC) grew by ** percent from *** billion U.S. dollars in 2019 to *** billion U.S. dollars in 2021. The personal luxury market in the GCC grew by ** percent over the same period.

The size of the GCC Luxury Goods Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.42% during the forecast period. The luxury goods market in the Gulf Cooperation Council (GCC) region encompasses high-end products such as fashion and accessories, beauty products, luxury watches, jewelry, and premium automobiles. These goods are characterized by their superior quality, exclusivity, and high price points, often associated with prestigious brands and exceptional craftsmanship. This growth is driven by several factors, including the region's high disposable incomes, a strong culture of luxury consumption, and the increasing influx of tourists seeking luxury shopping experience. Overall, the GCC luxury goods market is poised for steady growth, driven by the region's economic prosperity, cultural affinity for luxury, and the continuous influx of high-spending tourists. Recent developments include: March 2022: The Italian House of Gucci, a subsidiary of Kering Group, was newly launched in the United Arab Emirates. The brand's new launch featured its glittering high jewelry pieces encompassing necklaces, rings, and bracelets., July 2021: Capri Holdings's Versace opened a new store at the Galleria Al Maryah Island in Abu Dhabi, adding to the mall's diverse portfolio and solidifying its status as the city's prominent spot for luxury shopping., April 2021: The Alshaya franchise company built the first Aerie store in the Middle East in Kuwait, a premium clothing division of American Eagle. The shop sells clothing, women's swimwear, sweat-ready activewear, loungewear, and intimate wear.. Key drivers for this market are: Fast Fashion Trend, Inflating Income Level of Individuals. Potential restraints include: The Presence Of Counterfeit Products. Notable trends are: Increasing Use of E-commerce Platform for Buying Luxury Goods.

GCC Secure Logistics Market Report is Segmented by Application (Cash Management, Diamonds, Jewelry and Precious Metal, Manufacturing, Others), by Type (Static, Mobile (Roadways, Railways, Airways, Seaways)), by End User (Financial Institutions, Retailers, Government, Others), and by Country (Saudi Arabia, UAE, Kuwait, Rest of GCC). The Report Offers Market Size and Forecast Values in (USD) for all the Above Segments.

For the sixth year in a row, the GCC market for non-silver precious metal non-jewelry articles recorded growth in sales value, which increased by 32% to $453M in 2023. In general, consumption, however, faced a abrupt decrease. Over the period under review, the market attained the maximum level at $1.9B in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

The GCC handicrafts market size reached USD 17.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 49.8 Billion by 2033, exhibiting a growth rate (CAGR) of 11.2% during 2025-2033. The increasing demand for authentic and traditional products, the rising governmental support and initiatives aimed at preserving and promoting traditional crafts, and the growing emphasis on sustainability are some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the GCC handicrafts market report, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on product type, distribution channel, and end use.

GCC Secure Logistics Market size was valued at USD 1553.95 Million in 2022 and is projected to grow to USD 2103.53 Million by 2030 with a CAGR of 4.04% between 2023-2030.

GCC Secure Logistics Executive Summary

Secure logistics involves overseeing the transportation and distribution of valuable or high-risk goods, ensuring their safety and integrity from the point of origin to their final destination. This service is crucial for businesses dealing with high-value or high-risk products, including but not limited to life sciences, FDA-regulated items, pharmaceuticals, electronics, food, beverages, fine art, jewelry, and more. The growing need for safe and secure shipment of goods is a main driver in the Gulf Cooperation Council's (GCC's) secure logistics industry. The GCC's economic policy diversification has fostered growth in non-oil industries, increasing the manufacturing and transit of high-value items. As medical care, technology, and manufacturing industries thrive, so does the demand for secure logistics services. The GCC region's banking and financial institutions have grown significantly due to financial diversification, growing populations, and the region's development as a worldwide economic powerhouse.

The revenue of the second-hand luxury goods market in Gulf Cooperation Council was estimated to be worth around *** million U.S. dollars in 2023. According to Statista estimates, this market is set to see an increase, reaching over *** million U.S. dollars by 2028. The second-hand luxury market comprises of apparel, footwear, leather goods, jewelry, watches, and eyewear purchased via platforms for second-hand luxury goods, such as Poshmark and Vestiaire Collective.

The GCC luxury goods market is experiencing robust growth, projected to reach a market size of approximately $XX million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 5.42% from 2019 to 2033. This expansion is fueled by several key factors. Rising disposable incomes among the region's affluent population, coupled with a burgeoning middle class aspiring to luxury lifestyles, significantly drives demand. The GCC's strategic location as a global hub for tourism and its strong reputation for high-end shopping experiences further contribute to market expansion. Furthermore, the increasing popularity of e-commerce platforms and the strategic investments by luxury brands in enhancing their digital presence are expanding market access and driving sales. However, the market faces challenges such as economic volatility, geopolitical instability, and the potential impact of global economic downturns on consumer spending habits. Despite these headwinds, the long-term outlook for the GCC luxury goods market remains positive, driven by a young, growing population with a strong appetite for luxury brands and experiences. The segmentation within the GCC luxury goods market reveals a diverse range of product categories, including fashion apparel, accessories, jewelry, watches, cosmetics, and fragrances. Key players such as Capri Holdings, Kering SA, Burberry Group PLC, Chanel Limited, Prada S p A, and LVMH Moët Hennessy Louis Vuitton are intensely competing for market share. These companies are adopting diverse strategies to capture consumer interest, ranging from brand storytelling and exclusivity to personalized shopping experiences and the development of innovative products. Regional variations in consumer preferences and purchasing power also contribute to the nuanced competitive dynamics of the market. Successful players are adapting their marketing and distribution strategies to effectively target diverse consumer segments across the GCC region. Further analysis suggests that future growth will be shaped by factors such as the development of sustainable luxury products, the increasing importance of personalized experiences, and the integration of technology throughout the customer journey. Key drivers for this market are: Fast Fashion Trend, Inflating Income Level of Individuals. Potential restraints include: The Presence Of Counterfeit Products. Notable trends are: Increasing Use of E-commerce Platform for Buying Luxury Goods.