saudi arabia gold & diamond jewelry market forecast and opportunities, 2022- brochure

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

Saudi Arabia Gold & Diamond Jewelry Market By Type, By Distribution Channel, By Organized Vs. Unorganized, Competition Forecast & Opportunities, 2012 – 2022

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T a b l e o f C o n t e n t s

S. No. Contents

1. Product Inclusions & Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Brand Awareness Level

4.2. Primary Sources of Information

4.3. Customer Spending Pattern

4.4. Factors Influencing Purchase Decisions

4.5. Factors Influencing Brand Switching

5. Saudi Arabia Gold & Diamond Jewelry Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Gold, Diamond & Diamond in Gold)

5.2.2. By Distribution Channel

5.2.3. By Organized vs Unorganized (Branded vs Unbranded)

5.2.4. By Region

5.2.5. By Company

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S. No. Contents

5.3. Market Attractiveness Index

5.3.1. By Type

5.3.2. By Region

6. Saudi Arabia Diamond in Gold Jewelry Market Outlook


6.1.1. By Value


6.2.1. By Company

7. Saudi Arabia Gold Jewelry Market Outlook


7.1.1. By Value


7.2.1. By Application (Investment Vs Personal Use)

7.2.2. By Company

8. Saudi Arabia Diamond Market Outlook


8.1.1. By Value


8.2.1. By Company

9. Import-Export Analysis

10. Supply Chain Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges

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S. No. Contents

12. Market Trends & Developments

12.1. Growing Use of 3D Jewelry Printing

12.2. Emergence of New Product Categories

12.3. Aggressive Marketing and Promotional Strategies

12.4. Rising Demand for Exclusive Designer Jewelry

12.5. Growth in Organized Retail Formats and E-Commerce

13. Policy & Regulatory Landscape

14. Saudi Arabia Economic Profile

15. Competitive Landscape

15.1. Competition Outlook

15.2. Company Profiles

15.2.1. Damas Saudi Arabia Company Ltd.

15.2.2. Malabar Gold & Diamonds

15.2.3. L’azurde Company for Jewelry

15.2.4. Joyalukkas

15.2.5. Gitanjali Gems

15.2.6. Titan International (Middle East) FZE

15.2.7. Taiba for Gold & Jewellery Co., Ltd

15.2.8. Atlas Jewellery

15.2.9. Tiffany & Co.

15.2.10. Malak Jewellery

16. Strategic Recommendations

17. About Us & Disclaimer

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Pro

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P r o d u c t I n c l u s i o n s & O v e r v i e w

Jewelry can be defined as ornaments made from precious metals. Some of

the examples of jewelry are Necklaces, Earrings, Rings, Bracelets, etc.

Gold

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on

d J

ew

elr

y T

yp

es Gold

Diamond in Gold Jewelry

Diamond

Gold is the most sought-after precious

metal among consumers and has been

valued as a global currency, a commodity,

an investment and simply an object of

beauty in the form of jewelry.

Diamond in gold jewelry is formed when

diamond is embedded in gold. Demand

for exclusively designed, sleek, eye-

catching & elegant diamond in gold

jewelry is in high demand among HNWIs.

Diamonds are highly traded commodities

and multiple organizations grade and certify

them based on the four Cs - color, cut,

clarity and carat. Moreover, presence or

absence of fluorescence also affects value of

diamonds used for making jewelry.

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed different aspects of Saudi Arabia gold &

diamond jewelry market. The team has analyzed the outlook of various segments of this market and speculated a

positive future for this industry, while considering the major influencing factors such as rise in population,

increasing disposable income of the consumers, change in lifestyle and growing tourism. The study includes market

forecasting, which would enable our clients to take better decisions while planning their strategies for operating in

Saudi Arabia gold & diamond jewelry market.

Methodology Followed for Calculation of Market Size:

Market Size by Value: Market size, in value terms, for 2016 was calculated through exhaustive primary surveys,

across various key opinion leaders such as gold & diamond jewelry manufacturers (both international &

domestic), distributors, importers, retailers, etc.

The team interviewed more than 12 manufacturers, 20 distributors/dealers and 38 retailers for obtaining the

market size during 2012-2016, using the Delphi technique. Taking standard deviation into consideration, market

size figures were averaged out to arrive at the market size figures for 2012 to 2016.

R e s e a r c h M e t h o d o l o g y

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Respondents were asked about the current and future growth rates, market share by company, by region as well

as distribution channel. Removing the outlier responses, geometric mean of growth estimates and product wise

revenue shares generated across various applications was taken, to arrive at the final revenue shares. Revenue

shares generated across various application areas were further triangulated from distributors, retailers and other

stakeholders, depending on the usage of various products. Manufacturers and suppliers were asked about

average selling prices of gold & diamond Jewelry of their respective companies.

Final average selling prices of gold & diamond Jewelry were deduced by taking weighted average, which was

calculated by taking into account their revenue contribution in the overall market and average selling prices of

various products. During the process, sales of best gold & diamond jewelry sold by various suppliers and

manufacturers were also taken into consideration.

Methodology Followed for Calculation of Market Shares:

Market share by company, by distribution channel and by region was calculated based on the responses received

through primary surveys with industry experts, in which respondents were asked about market share or revenue

generated from various distribution channel. The final data was calculated by taking geometric mean of the

responses gathered from over 100 key opinion leaders, after eliminating the outliers.


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Methodology Followed for Forecasting:

TechSci Research performed periodical checks on the data collected through surveys with logic checks and

analyzed survey results in SPSS/Tableau Software and data generated through its proprietary database.

TechSci Research applied data triangulation technique to fill gaps and present a meaningful picture of the market.

In order to forecast Saudi Arabia gold & diamond jewelry market, TechSci Research used various forecast

techniques such as:

❖ Moving Average

❖ Time Series Analysis

❖ Regression analysis

❖ Econometric and Judgmental Analysis

TechSci Research used its own forecast tool, based on growth of various distribution channels in Saudi Arabia.

TechSci Research also used impact analysis during short, medium and long term to estimate the demand and

arrive at accurate market figures.


Partial List of Companies

Interviewed

Damas International, Malabar Gold and Diamonds, Titan International (Middle East)

FZE, Joyalukkas, Gitanjali Gems, Tiffany & Co., Atlas Jewellery, L’azurde Company for

Jewelry Limited, Taiba for Gold and Jewellery Co., Ltd, Pandora Jewelers, Malak

Jewellery and Others

Secondary Sources

Company Annual Reports, International Monetary Fund, Saudi Arabia Customs,

Ministry of Civil Services of Saudi Arabia, Saudi Arabia Monetary Agency (SAMA),

World Bank, Industry Magazines, Industry reports, News Dailies, etc.

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Industr

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I n d u s t r y B r i e f

Gold & Diamond Jewelry Market in Saudi Arabia to Grow at 8% CAGR until 2022

According to a recently released TechSci Research report, “Saudi Arabia Gold & Diamond Jewelry MarketBy Type, By Distribution Channel, By Organized Vs. Unorganized, Competition Forecast & Opportunities,2012 – 2022”, the gold & diamond jewelry market in Saudi Arabia is projected to cross $ 6 billion by 2022on account of rising per capita disposable income, growing use of 3D printing in jewelry, and aggressivemarketing and promotional strategies by industry players. Moreover, growing brand consciousness andinclination towards western brands are resulting in the emergence of stylish & exclusive designed jewelryin Saudi Arabia, which is expected to boost demand for gold & diamond jewelry in the country duringforecast period.

Leading players in Saudi Arabia gold & diamond jewelry market are offering jewelry keeping in mind fast-changing consumer preferences, latest fashion trends, and rising interest of youth towards contemporarydesigns. Damas, Malabar Gold & Diamonds, L’azurde Company for Jewelry, Joyalukkas and Gitanjali Gemsare some of the leading players in Saudi Arabia gold & diamond jewelry market. In 2016, western regiondominated the country’s gold & diamond jewelry market as the region boasts presence of most of theleading market players along with multiple exclusive showrooms and multi-branded retail outlets. Theregion is anticipated to maintain its market dominance in the coming years as well.

“Saudi Arabia gold & diamond jewelry market is expected to offer lucrative opportunities to industryplayers, owing to changing consumer lifestyle, rapid urbanization and growth in organized retail & e-commerce channels in the country. Also, some companies are offering customized jewelry as per consumerchoice, which is also gaining market traction. All these factors are anticipated to bolster growth in SaudiArabia gold & diamond jewelry market in the coming years.”, said Mr. Karan Chechi, Research Director withTechSci Research, a research based global management consulting firm.

https://www.techsciresearch.com/report/saudi-arabia-gold-diamond-jewelry-market/1578.html

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2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F

Figure 6: Saudi Arabia Gold & Diamond Jewelry Market Size, By Value, 2012–2022F

(USD Billion)

CAGR 2012-2016

By Value: X%

CAGR 2017E-2022F

By Value: X%

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SaudiArabia

UAE Kuwait Egypt Iran OtherMiddle East

2014 2015 2016

Figure 7: Middle East Gold Jewelry Demand, By Select Country, By

Volume (Tonne), 2014-2016

20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%

30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%

50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%

2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F

Diamond Gold Diamond in Gold

Figure 8: Saudi Arabia Gold & Diamond Jewelry Market Share,

By Type, By Value, 2012-2022F

Figure 12: Saudi Arabia per Capita Household Final

Consumption Expenditure, 2012-2016 (USD)

1,000.00 1,500.00

2,000.00 2,500.00

3,000.00

2012 2013 2014 2015 2016

Figure 21: Saudi Arabia Urban Population, 2012-2016

(As a % of Total Population)

10.00%20.00%

30.00%40.00%

50.00%

2012 2013 2014 2015 2016

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

Europe CIS The

Americas

Asia-Pacific Arab States Africa

Figure 22: Global Individual Internet Access Rate,

By Region, 2016 (%)

Source: XXXXXNote: These are dummy figures; please purchase

our report for actual data

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Report Name: Saudi Arabia Gold & Diamond Jewelry Market By Type, By

Distribution Channel, By Organized Vs. Unorganized, Competition Forecast

& Opportunities, 2012 – 2022

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About U

s &

Dis

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A b o u t U s & D i s c l a i m e r

About Us

TechSci Research is a global market research and consulting company with offices in US, UK and India. TechSci Research provides

market research reports in a number of areas to organizations. The company uses innovative business models that focus on

improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of

both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country,

regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a

uniquely rich evaluation of the opportunities available in the market.

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Partial List of Clients

Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made

that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various

sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness

of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially

states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and

forecast, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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