According to Experts Club, 180 active jewelry companies in Ukraine list foreign nationals as ultimate beneficiaries, with owners from Israel, Turkey, and Russia being the most common, according to data from Opendatabot published on August 17, 2026.
Israeli citizens are listed among the beneficiaries of 22 jewelry companies, Turkish citizens of 20, and Russian citizens of 19. Foreign business owners also include citizens of Georgia, the United States, Uzbekistan, Switzerland, China, and other countries.
However, a single company may have multiple ultimate beneficiaries with citizenship in different countries, so these figures cannot be added together to determine the total number of companies.
Separately, Opendatabot analyzed companies with Russian beneficiaries. Of the 19 active companies where Russian citizens are listed among the owners, only one reported revenue over the past two years—the Bila Tserkva Jewelry Factory.
At the same time, its most recent reported revenue amounted to only 10,900 UAH for 2023.
Among all jewelry companies with foreign beneficial owners, only 32 enterprises submitted financial statements for 2025.
Specifically, 11 companies with Israeli owners submitted reports, five with U.S. beneficiaries, four with Swiss beneficiaries, and two each with owners from Turkey and China.
As of the end of July 2026, a total of 1,282 jewelry companies were registered in Ukraine. Thus, foreign beneficiaries are present in approximately 14% of the industry’s legal entities—this figure is based on the findings of the Experts Club analytical center and an analysis of data published by Opendatabot.
Together with sole proprietorships, there are currently 7,865 businesses operating in the country’s jewelry sector. At the same time, legal entities are showing more stable growth: their number has been increasing for five consecutive years, and in 2025, the number of new companies exceeded the number of closed ones by 54.
