Zlata Estate has become the largest among Ukrainian companies with jewelry-related KVED codes that published financial statements for 2025, with revenue of 1.261 billion UAH, according to a study by Opendatabot and an analysis by the Experts Club analytical center dated August 17, 2026.
Second place went to “Resurs+” with revenue of 1.019 billion UAH, and third place to “Weiss King” with 955.4 million UAH.
“Amadeo,” the official distributor of Pandora in Ukraine, reported revenue of 830.4 million UAH and ranked fourth. Rounding out the top five is “Opti Gold” with 620.4 million UAH.
Overall, the top 10 jewelry companies in Ukraine by revenue for 2025 are as follows:
“Zlata Estate” – 1.261 billion UAH
“Resurs+” – 1.019 billion UAH
“Weiss King” – 955.4 million UAH
“Amadeo” – 830.4 million UAH
“Opti Gold” – 620.4 million UAH
“Golden Hit” – 618.3 million UAH
“Parity+” – 608.5 million UAH
“Silver Tears” – 586.3 million UAH
“Silver Spectrum” – 471.1 million UAH
“Kipsayk” – 445.1 million UAH.
The combined revenue of the top five alone exceeded 4.68 billion UAH.
However, Opendatabot notes that this ranking does not provide a complete picture of Ukraine’s jewelry market. Of the 1,282 active companies with relevant KVED codes, only 358—less than one-third—submitted financial statements for 2025. Therefore, the ranking reflects the performance of companies for which financial data is available, rather than that of all industry participants.
As of the end of July, there were a total of 7,865 jewelry businesses in Ukraine, including 1,282 companies and 6,583 sole proprietorships.
As of the end of July 2026, there were 7,865 businesses and entrepreneurs operating in the jewelry sector in Ukraine, 84% of which are registered as sole proprietors, according to data from the Unified State Register analyzed by Opendatabot. The study was published on August 17, 2026.
In total, there are 6,583 sole proprietors and 1,282 companies operating in the market, engaged in the production and sale of jewelry, as well as the repair of jewelry and watches.
However, the trends in these two segments differ significantly. The number of legal entities in the jewelry industry has been growing for five consecutive years, including after the start of the full-scale war. By the end of 2025, 54 more jewelry companies were registered than ceased operations.
Among sole proprietors, the situation is less stable. In 2021–2022, the number of closures exceeded the number of registrations by 498. In 2023, the segment returned to growth, and in 2024, the net increase reached a record 611 entrepreneurs. However, by 2025, the trend had shifted again—there were 169 more sole proprietorships that ceased operations than new ones.
Kyiv remains the main hub of the jewelry business, with 1,365 registered manufacturers, retailers, and other industry participants.
In second place is the Zaporizhzhia region with 679 enterprises, followed by the Kyiv region with 585, the Kharkiv region with 548, and the Dnipropetrovsk region with 484.
Thus, despite the dominance of small businesses, the structure of Ukraine’s jewelry market is gradually changing: the number of sole proprietorships is declining, while the number of companies continues to grow.
entrepreneur, jewelry business, KYIV, Sole proprietorship, UKRAINE
