Wholesale Jewellery & Accessories Business in Dubai

Before a designer diamond necklace piece ever reaches a velvet tray, it has already changed hands - quietly, securely, and in bulk. Dubai’s jewellery economy doesn’t begin in flashy retail showrooms; it begins in vaults, bonded warehouses, and wholesale shipments moving across borders. The UAE’s jewellery market is projected to reach $2.27 billion by 2025, underpinned by the 2nd highest per capita consumer demand for gold jewellery in the world, at around 5.07 grams per person.

Whether it’s white gold jewellery stocked for Diwali festive surges, green sapphire pieces across luxury couture boutiques, or accessories moving through duty-free channels, wholesale jewellery businesses are the engine behind Dubai’s jewellery retail demand.

This is where scale actually happens. A wholesale jewellery business sits between production and retail, moving jewellery in volume so retailers can sell with confidence. Because in Dubai, jewellery doesn’t grow piece by piece; it grows through contracts, repeat orders, and trusted wholesale pipelines.

Wholesale of Watches, Clocks, and Jewellery - 4649.15

This business activity covers the wholesale of jewellery and accessories. Think cartons, secure storage, and scheduled deliveries, not display cases or individual sales. You can sell in bulk, retail-ready jewellery made from precious and semi-precious materials, including gold, silver, platinum, diamonds, and gemstones. This also expands to accessories such as complete jewellery sets, pendants, bangles, earrings, rings, charms, brooches, cufflinks, and similar adornments typically stocked by jewellery retailers.

Your client base? Jewellery shops, luxury boutiques, department stores, duty-free operators, corporate gift suppliers, and authorised distributors.  

This could mean supplying pink diamond jewellery sets reserved for wedding seasons, supplying commemorative gold jewellery pieces for corporate milestones, wholesaling bangles, pendants, and matching sets bought in multiples for family events, or curating Swarovski collections specifically for VIP airport lounges and first-class travel retail.

This is a business for entrepreneurs who want to sit at the supply layer of Dubai’s jewellery economy. From neighbourhood jewellers to duty-free operators and in-hotel boutiques, you’re serving a market where demand is planned in advance and long-term wholesale relationships win.

However, this business activity doesn’t cover the wholesale of blank CDs/DVDs, radio and TV broadcasting equipment, or office furniture; those fall under different classifications.‍

Third-Party Approval:

You’ll need approval from the Security Industry Regulatory Agency (SIRA) before your trade license is issued.‍

Anti-Money Laundering Compliance:

Business activity 4649.15 is exempt from this requirement.