Saudi Arabia Gold and Diamond Jewelry Market Size, Trends & Forecast Report 2033 | UnivDatos

According to UnivDatos Market Insights, the rising disposable income, cultural importance of gold in weddings and gifting, increasing tourism and pilgrimage-driven purchases, growing female workforce participation, expansion of organized retail chains, youth-driven demand for modern designs, and government support for local manufacturing under Vision 2030 drive the Saudi Arabia Gold and Diamond Jewelry market. As per their “Saudi Arabia Gold and Diamond Jewelry Market” report, the market was valued at USD 4,780.00.00 Million in 2024, growing at a CAGR of about 10.10% during the forecast period from 2025 - 2033 to reach USD  Million by 2033.

The gold and diamond jewelry business in Saudi Arabia has a balance between the traditional demand and the changing luxury tastes. The major players are taking advantage of this by providing an amalgamation of the ancient craft and contemporary design. Competition is getting stiffer both in the retail and manufacturing sectors, with the increased spending by consumers and growth in the digital environment. The article brings out the best companies that propel development and innovation in the jewelry industry in the Kingdom.

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1.      L'azurde

L'azurde Company for Jewelry, together with its subsidiaries, engages in manufacturing, forming, and forging golden wares, jewelry, precious stones, and golden alloys. It operates in the Wholesale and Retail segments. The company also distributes glasses, watches, men's and women's accessories, pens, perfumes, and leather products, and exports gold wares, alloys, and silver. In addition, it engages in the manufacturing and trading of gold jewellery, as well as the trading of gold and silver products, pearls, and precious stones. It primarily operates in the Kingdom of Saudi Arabia, Egypt, the United Arab Emirates, Kuwait, the Sultanate of Oman, and Qatar. The company sells its products under the L’azurde, Instyle, Miss L’, and Waves brands. The company was founded in 1980 and is based in Riyadh, Saudi Arabia.

2.      Najd Deer

Najd Deer factory, which finds gold and jewelry, is headquartered in the Kingdom of Saudi Arabia. The company has branches and offices in Belgium, Switzerland, and Dubai. Najd Deer Company is a distinguished jewelry manufacturer and retailer based in the Kingdom of Saudi Arabia, known for its commitment to quality, craftsmanship, and cultural relevance. The company specializes in selecting premium-grade diamonds that meet the highest international standards, offering a wide range of modern and classic designs tailored to Saudi society’s aesthetic and traditional preferences.

 All jewelry pieces are designed in-house by Najd Deer’s skilled designers and meticulously handcrafted in its Saudi-based factory, which operates under the supervision of the Ministry of Industry and Mineral Resources. The company maintains strict quality control protocols at every stage—from verifying gold purity and diamond specifications to ensuring precision in weight and craftsmanship. Each item undergoes a thorough inspection before it leaves the facility and is marked with Najd Deer’s registered stamp, signifying authenticity and adherence to national industry standards.

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3.      Al Romaizan Gold & Jewellery

Al Romaizan is one of the leading gold and jewelry companies in the GCC. Headquartered in Riyadh, Kingdom of Saudi Arabia, we have garnered a reputation as industry leaders and experts in the design, manufacture, and distribution of quality gold and jewelry products. With over 6 decades of experience, our unique heritage, vision, and creative intuition have set us apart from other distributors in the industry.