Qatar Luxury Jewelry Market By Material, By Product Type, By End User, By Distribution Channel and Country Forecast to 2028

The Qatar Luxury Jewelry Market is expected to value at over US$ 1 Bn in 2019 and is expected to register a CAGR of 6.3%. The Qatar luxury jewelry market is segmented on the basis of material, product type, end user, and distribution channel.

Qatar Luxury Jewelry Market: Introduction

Luxury jewelry is type of jewelry which conventionally used in women population have more interest than men towards purchasing luxury jewelry. Luxury jewelry has various types such as Chopard, Mikimoto, Bvlgari, Piaget, Graff, Tiffany & Co., Buccellati, Van Cleef & Arpels, Cartier, and Harry Winston. Most modern commercial jewelry continues traditional forms and styles and luxuries Jewelry may be made from a wide range of materials. gemstones and similar materials such as amber and coral, precious metals, beads, and shells have been widely used, and enamel.

Qatar Luxury Jewelry Market: Dynamics

Increasing adoption of luxury jewelry through online platform is a major factor expected to drive growth of the Qatar luxury jewelry market over the forecast period. In addition, increasing number of exhibitions and shows have been gaining traction and popularity, and this is a current trend witnessed in the luxury jewelry market is another factor expected to further support growth of the market to a certain extent. The product demand has also increased owing to extensive usage of jewels in fashion accessories including, watches, apparels, and bag.

Increasing adoption of technologically advanced techniques and colorful stones for artificial jewelry would contribute to the growth of e-commerce websites for imitation jewelries. In addition, costume jewelry is high in demand among corporate people, working women, teenagers, and working population owing to affordability

Rising demand for men’s luxury jewelry products such as bracelets, rings, necklaces, and others has been witnessing a steady and robust incline over the past few years. In addition, increasing awareness for the conservation of limited resources and availability of affordable replica of precious jewelry items has reduced and replaced the gold jewelry products with artificial jewelry.

However, fluctuating raw material prices including gold, silver, diamond, and others are some factors expected to hamper growth of the Qatar luxury jewelry market. as well as diplomatic/political crisis impact on import-export of various goods, including luxury items, which is expected to hamper market growth to a certain extent over the forecast period. In addition, increasing demand for luxury jewelry limited to specific consumers in some countries owing to high cost.

Also, leading players are engaged with new product development, which is expected to support growth of the target market includes Kering SA, Swatch Group Ltd., Compagnie Financiere Richemont SA (Richemont), Tiffany & Co., Malabar Gold and Diamonds, Chopard International SA, Graff Diamonds Corporation Bulgari S.p.A., Mouawad Group, and Roberto Coin S.p.A.

Qatar Luxury Jewelry Market Analysis, by Material

Among the material segments, the diamond segment is expected to account for major revenue share and is expected to maintain its dominance over the forecast period.  The diamond segment is expected to register CAGR of over 6.5%. The gold segment accounts for second highest share in terms of revenue in the near future.

Qatar Luxury Jewelry Market Analysis, by Product Type

Among the product type segments, the necklace segment is expected to account for major revenue share and is expected to maintain its dominance over the forecast period.  The ring segment is expected to register CAGR of over 7.0%. The ring segment accounts for second highest share in terms of revenue in the near future.

Qatar Luxury Jewelry Market Analysis, by End User

Among the end user segments, the men segment is expected to account for major revenue share and is expected to maintain its dominance over the forecast period.  The men segment is expected to register CAGR of over 6.5%.

Qatar Luxury Jewelry Market Analysis, by Distribution Channel

Among the distribution channel segments, the mono-brand stores segment is expected to account for major revenue share and is expected to maintain its dominance over the forecast period. The online stores segment is expected to register CAGR of over 6.5%.

Qatar Luxury Jewelry Market Segmentation:

Qatar Luxury Jewelry Market Segmentation, By Material:

• Gold
• Silver
• Diamond
• Platinum

Qatar Luxury Jewelry Market Segmentation, by Product Type:

• Necklace
• Ring
• Bracelet
• Hair Ornaments
• Leg & Feet Ornaments

Qatar Luxury Jewelry Market Segmentation, by End User:

• Men
• Women

Qatar Luxury Jewelry Market Segmentation, by Distribution Channel:

• Mono-Brand Stores
• Multi-Brand Boutiques
• Departmental Stores
• Online Stores
• Others