The Latin America, Middle East and Africa Pearl Jewelry Market would witness market growth of 14.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 5,155.6 thousand units, showcasing a growth of 14.5% (2023-2030).
Pearls have maintained their status as symbols of timeless elegance and cultural significance across various societies. The enduring allure of pearls as a representation of purity, wisdom, and sophistication contributes to their consistent demand in different regions and diverse demographic groups. Pearls have deep-rooted cultural significance across various societies and civilizations. In many cultures, pearls are associated with purity, wisdom, and femininity. They are often used in traditional ceremonies, including weddings and coming-of-age rituals.
Fashion icons and influential figures have adorned themselves with pearls, contributing to their aspirational status. From iconic images of Audrey Hepburn to contemporary celebrities gracing red carpets, the influence of fashion icons continues to drive consumer interest and trends. While pearls are accessible at various prices, certain pearls, such as South Sea or Akoya pearls, maintain a luxurious appeal. The association of pearls with luxury and refinement contributes to their status as coveted items in high-end jewelry.
The UAE, particularly Dubai, has embraced initiatives to revive and showcase its pearl diving heritage. The annual Dubai Shopping Festival often includes events and exhibitions highlighting the historical significance of pearls in the region. For instance, the "Pearls of Emirates" exhibition features traditional and contemporary, fostering a renewed interest in this cultural legacy. Luxury jewelry brands in the UAE, such as Damas and Liali Jewelry, have incorporated pearls into their collections. Due to the above-mentioned factors, the market will grow significantly in this region.
The Brazil market dominated the LAMEA Pearl Jewelry Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $887.3 million by 2030. The Argentina market is showcasing a CAGR of 15.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 14.2% during (2023 - 2030).
Based on Pearl Nature, the market is segmented into Cultured, and Natural. Based on Type, the market is segmented into Necklace, Earrings, Rings, and Others. Based on Distribution Channel, the market is segmented into Jewelry Stores, Brand Stores, Supermarkets, and Others. Based on Pearl Source, the market is segmented into Fresh Water, and Salt Water. Based on Material, the market is segmented into Silver, Gold, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Pearl Jewelry Market is Projected to reach USD 37 Billion by 2030, at a CAGR of 12.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mikimoto Co., Ltd., Kailis Jewellery, Jewelmer Group, CPI Luxury Group, TASAKI & Co., Ltd., Pearl Falco Corporation, Wing Wo Hing Jewelry Group Ltd., Isle of Wight Pearl, Pearls of Australia Pty Ltd, and PearlParadise.com Inc.
By Pearl Nature (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Type (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Pearl Source (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Material (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Country (Volume, Thousand Units, USD Million, 2019 to 2030)
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