According to Organic Market Research, Saudi Arabia Jewellery Market Share was USD 2.68 billion in 2023 and the market is projected to touch USD 5.83 billion by 2032, at a CAGR of 10.2% during the forecast period. The market is set for steady growth, driven by changing consumer preferences, increased health awareness, and greater product availability through both traditional and online retail channels. With the ongoing trend toward healthy eating, manufacturers are focusing on offering high-quality, flavorful, and nutritious peanut butter options that cater to diverse tastes and dietary requirements. As more consumers embrace peanut butter as a versatile and healthy spread, the market is poised for further expansion in the coming years.

The KSA Jewellery Market Size is witnessing significant growth, driven by factors such as increasing disposable income, cultural affinity for gold and gemstone jewellery, and evolving consumer preferences. The Kingdom's jewellery industry is characterized by its blend of traditional styles with modern, contemporary designs, catering to both local tastes and the growing expatriate population.

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Market Segmentation

By Material

·       Platinum

·       Diamond

·       Gold

·       Silver

·       Others

By Product Type

·       Earrings

·       Rings

·       Bracelets

·       Necklaces

·       Chains

·       Others

By Gender

·       Men

·       Unisex

·       Women

By End-user

·       Children

·       Adults

By Distribution Channel

·       Offline

·       Online

Customization Scope

·       Available upon request

Pricing

·       Available upon request

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KSA Jewellery Market Trends

Key Players in the Market

The major players in the market are L'azurde Company for Jewelry, Taiba for Gold & Jewels Co. Ltd, Tiffany & Co., Bulgari S.p.A., Cartier International SNC, Damas Jewellery LLC, Moussaieff Jewellers Ltd, Harry Winston, Inc., Chopard Group, and Boucheron Holding SAS.

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