Qatar Jewelry Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

 Qatar Jewelry Market Size

• The Qatar jewelry market size was valued at USD 1.24 billion in 2024 and is expected to reach USD 1.99 billion by 2032, at a CAGR of 6.10% during the forecast period
• The market growth is largely fuelled by the increasing demand for luxury and personalized jewelry, rising disposable income, and strong cultural affinity for gold and precious gemstones
• Expanding tourism, especially among high-net-worth individuals, and the influence of international luxury brands are also contributing to market expansion

Qatar Jewelry Market Analysis

• The growing presence of global jewelry brands and designer boutiques in high-end retail spaces across Qatar is shaping consumer preferences toward branded and premium jewelry collections
• Technological advancements such as 3D printing and AI-driven customization are enhancing product design and personalization, attracting younger consumers and boosting online jewelry sales across the country
• The gold segment accounted for the largest market revenue share in 2024, driven by its cultural significance, high resale value, and preference as a traditional investment. Gold jewelry remains a staple for weddings and gifting, with consumers favoring intricate designs crafted from 22K and 24K variants. In adddition, rising gold purchases during festive occasions and national holidays contribute to the segment’s sustained dominance

Report Scope and Qatar Jewelry Market Segmentation        

Qatar Jewelry Market Trends

Rising Preference for Personalized and Luxury Jewelry

•  The Qatar jewelry market is experiencing a growing shift toward personalized and luxury jewelry pieces, as consumers increasingly seek unique designs that reflect their identity and status. This trend is particularly strong among affluent buyers who prioritize exclusivity, heirloom value, and craftsmanship over mass-produced offerings. Bespoke designs are becoming popular gifts for personal milestones, contributing to repeat purchases
•  The demand for customization has prompted brands to offer bespoke services, leveraging advanced technologies such as 3D printing and computer-aided design (CAD). These technologies allow customers to visualize and modify designs before purchase, ensuring a highly tailored buying experience. This service differentiation enhances customer satisfaction and builds long-term loyalty
•  In addition, the rise of digital platforms is enabling jewelry retailers in Qatar to offer virtual customization tools, allowing consumers to design and preview products online before purchase. Virtual consultations with design experts and augmented reality (AR) previews are increasing in use, especially among tech-savvy millennials. These platforms support omnichannel strategies and increase online conversion rates
•  For instance, in 2023, multiple high-end jewelers in Qatar began offering personalized Arabic calligraphy designs and gemstone selection services, further cementing this trend as a key growth lever. Luxury brands are localizing their offerings to cater to regional preferences in design motifs, materials, and occasion-based wear. This personalization aligns with traditional values while maintaining modern appeal
•  While personalization continues to drive differentiation in a competitive market, it also challenges brands to maintain production efficiency and meet increasing expectations for quality and turnaround time. Efficient supply chain systems, scalable digital tools, and trained craftsmanship are crucial to meeting custom demands. Companies that balance innovation with quality assurance are poised for long-term success

Qatar Jewelry Market Dynamics

Driver

Growing Affluence and Cultural Significance of Jewelry in Qatar

•  Jewelry holds strong cultural and social significance in Qatar, often symbolizing wealth, heritage, and family status. This deep-rooted tradition sustains demand across generations, especially for gold and intricately designed pieces. The cultural importance of gifting jewelry during events and celebrations further elevates its economic and emotional value
•  Events such as weddings, religious celebrations, and national festivities are key occasions for jewelry purchases. During these times, consumers invest heavily in ornate and symbolic pieces, often custom-designed. Seasonal campaigns and limited-edition collections timed around such events help drive peak sales volumes
•  The rising number of high-net-worth individuals (HNWIs) in the country further strengthens the demand for premium and collectible pieces, with many viewings jewelry as both an aesthetic and financial investment. These consumers prioritize exclusive designs, flawless craftsmanship, and investment-grade gemstones. Their influence is prompting luxury houses to open flagship stores in Qatar’s premium retail districts
•  For instance, the 2024 Doha Jewellery and Watches Exhibition showcased record-breaking participation and sales, reflecting sustained enthusiasm for high-end jewelry among domestic and expatriate consumers. The event acts as a platform for new product launches and international collaborations. It also underscores the country’s role as a regional luxury retail hub
•  Despite this upward trend, retailers must continuously innovate and diversify their collections to appeal to a younger, style-conscious generation that values personalization and ethical sourcing. Gen Z and millennial buyers are pushing demand toward contemporary aesthetics and transparency in material sourcing. Brands that adapt to these evolving expectations will remain competitive

Restraint/Challenge

Fluctuating Precious Metal Prices and Counterfeit Product Risks

•  The Qatar jewelry market is highly sensitive to fluctuations in the prices of gold, diamonds, and other precious materials. This volatility affects both manufacturers and consumers, impacting inventory planning and purchasing decisions. Prolonged price hikes may drive some consumers toward lighter-weight or imitation jewelry alternatives
•  In addition, the increasing presence of counterfeit and imitation jewelry in informal or online channels poses a significant challenge. These products often imitate luxury designs at a fraction of the cost, misleading consumers and diluting brand reputation. The influx of counterfeit goods can also lead to consumer skepticism toward legitimate players
•  The luxury segment, in particular, is vulnerable to counterfeit operations that imitate hallmark designs and attempt to deceive customers, affecting brand reputation and sales. High-end brands invest heavily in brand equity, and imitation threatens their perceived exclusivity. Counterfeit concerns may also discourage first-time luxury buyers from entering the market
•  For instance, in 2023, Qatari customs authorities reported a rise in attempts to smuggle imitation jewelry labeled as authentic gold and diamond products, prompting stricter import inspections and brand collaboration for verification. These regulatory crackdowns are essential to maintaining market integrity and ensuring consumer trust
•  Addressing this challenge requires robust enforcement of hallmarking regulations, investment in blockchain-based authentication technologies, and continuous consumer education about sourcing and certification standards. Transparent documentation, smart labeling, and awareness campaigns can enhance traceability and reassure customers. Brands that implement anti-counterfeit measures are likely to gain a competitive edge

Qatar Jewelry Market Scope

The market is segmented on the basis of material, type, product, distribution channel, and end user.

• By Material

On the basis of material, the Qatar jewelry market is segmented into gold, diamond, platinum, silver, coloured gemstones, and others. The gold segment accounted for the largest market revenue share in 2024, driven by its cultural significance, high resale value, and preference as a traditional investment. Gold jewelry remains a staple for weddings and gifting, with consumers favoring intricate designs crafted from 22K and 24K variants. In adddition, rising gold purchases during festive occasions and national holidays contribute to the segment’s sustained dominance.

The coloured gemstones segment is expected to witness the fastest growth rate from 2025 to 2032, fuelled by increasing consumer interest in personalized, vibrant, and astrology-based adornments. High-net-worth individuals are especially drawn to rare and exotic stones such as rubies, sapphires, and emeralds for custom pieces. Growing awareness of gemstone therapy and fashion-forward styling is also driving demand among younger, style-conscious buyers.

• By Type

On the basis of type, the market is segmented into bridal, fashion, handmade, filigree, bead, polki, minakari, navratna, kundan, antique, temple, and others. The bridal segment led the market in 2024, supported by Qatar’s rich cultural heritage and wedding traditions that value elaborate jewelry as a symbol of status and prosperity. Bridal collections typically include layered necklaces, heavy bangles, and ornate earrings, contributing significantly to total sales.

The fashion jewelry segment is expected to witness the fastest growth rate from 2025 to 2032, driven by shifting trends toward lightweight, contemporary designs suitable for everyday and casual wear. Fashion pieces made of semi-precious materials and mixed metals are gaining traction, especially among urban consumers and expatriates seeking affordability and variety.

• By Product

On the basis of product, the Qatar jewelry market is segmented into ring, earrings, necklace, bracelet, pendants, bangles, chain, and others. Rings accounted for the largest market share in 2024 due to their constant demand for both traditional and modern occasions, including engagements, weddings, and everyday use. Versatile designs and customization options continue to keep rings among the top-selling products.

Necklaces is expected to witness the fastest growth rate from 2025 to 2032, driven by the popularity of statement pieces and layering trends in women’s fashion. Demand for handcrafted, gemstone-encrusted, and theme-based designs is particularly strong in high-end boutiques and designer showrooms.

• By Distribution Channel

On the basis of distribution channel, the market is segmented into offline and online. The offline segment dominated the market in 2024 due to the strong presence of organized jewelry showrooms, personalized buying experiences, and the trust associated with physical inspection of high-value products. Consumers in Qatar typically prefer purchasing from reputed outlets that offer certification and after-sales services.

The online segment is expected to witness the fastest growth rate from 2025 to 2032, spurred by the digital transformation of retail, rising smartphone penetration, and the convenience of home shopping. E-commerce platforms are increasingly offering virtual try-on features, secure payment methods, and certified products, attracting tech-savvy and younger consumers.

• By End User

On the basis of end user, the market is segmented into women, men, and kids. The women segment captured the largest revenue share in 2024, as women continue to be the primary buyers and recipients of jewelry across all material and product types. Gold, diamond, and bridal jewelry remain in high demand, especially among women aged 25–55.

The men segment is expected to witness the fastest growth rate from 2025 to 2032, driven by rising interest in watches, rings, bracelets, and cufflinks designed specifically for male consumers. Luxury brands are increasingly curating collections for men, highlighting masculine aesthetics and exclusive materials, which is expanding the male customer base.

Qatar Jewelry Market Share

The Qatar Jewelry industry is primarily led by well-established companies, including:

•  Al Muftah Jewellery (Qatar)
•  Blue Salon Jewelry (Qatar)
•  Al Jaber Watches & Jewellery (Qatar)
•  Amiri Gems (Qatar)
•  Al Majed Jewellery (Qatar)
•  Al Fardan Jewellery (Qatar)
•  Al Salahi Jewellery (Qatar)
•  Devji Aurum (Qatar)
•  Al Zain Jewellery (Qatar)
•  Shine Gold & Diamonds (Qatar)

Latest Developments in Qatar Jewelry Market

• In November 2022, Kalyan Jewellers introduced a new product line by launching "Es Vida," a football-inspired jewelry collection to celebrate the FIFA World Cup in Qatar. This initiative aimed to blend sports enthusiasm with fine craftsmanship, appealing to football fans and jewelry buyers alike. The themed designs helped the brand connect emotionally with the local market and boost seasonal sales
• In October 2022, Malabar Gold & Diamonds undertook an expansion initiative by revamping and reopening three of its key showrooms in Qatar—D Ring Road Lulu, Al Khor Mall, and Barwa Village. The refurbishment enhanced the in-store experience and allowed the brand to better showcase its extensive collections. This move strengthened its retail presence and consumer engagement in the region
• In July 2022, Bulgari expanded its retail footprint by opening a new luxury boutique at Place Vendome in Qatar. Covering over 470 square meters, the boutique highlighted its contemporary jewelry, luxury watches, and high-end gems. The launch reinforced Bulgari’s brand prestige in the Qatari market and attracted high-net-worth customers seeking premium craftsmanship 

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