Since the beginning of 2020, 35.8 million pieces of jewelry made of precious metals, with a total weight of 83.2 metric tons, have received the state hallmark in Ukraine, according to OpenDataBot, citing the Ministry of Finance.
The average weight of a single item that passed state inspection was about 2.3 grams. Silver jewelry accounted for the majority—20.8 million pieces. Another 15 million items were made of gold.
The number of platinum jewelry items during this period totaled just 7,200 pieces. Only one palladium item was recorded—it passed assay inspection in 2025.
Prior to the full-scale invasion of Ukraine, more than 6.2 million pieces of jewelry were hallmarked annually. After a decline in 2022, the figure rebounded to 6.4 million in 2023 and to a record 7.3 million in 2024. In 2025, the number of hallmarked jewelry pieces fell to 5.4 million.
About 99% of gold jewelry that undergoes state hallmarking in Ukraine is manufactured by Ukrainian companies. Imported products account for only about 1% of this segment.
At the same time, the silver jewelry market is significantly more dependent on foreign suppliers. Nearly one in three silver items that undergo assay testing in Ukraine is manufactured abroad.
Overall, in the first quarter of 2026, 14% of all jewelry that received a state hallmark was imported. The average for 2020–2026 is 16%.
Virtually all imported jewelry must undergo state hallmarking before being sold in Ukraine. The hallmark confirms that the actual precious metal content matches the fineness declared by the manufacturer.
In Ukraine, 1.1 million pieces of jewelry made of precious metals received the state hallmark during the first quarter of 2026, OpenDataBot reported on July 17, citing data from the Ministry of Finance of Ukraine.
The average monthly number of hallmarked jewelry items was 18% lower than in 2025. Last year, 5.4 million items passed state hallmarking inspections, which was 26% less than in 2024.
The largest decline in 2025 was in the hallmarking of silver items—down 32%. The number of gold jewelry items that passed inspection decreased by 20%.
After the outbreak of full-scale war, the market contracted sharply, but in 2023–2024 it rebounded to levels above pre-war levels. In 2023, 6.4 million pieces of jewelry received the state hallmark, and in 2024 a record was set at 7.3 million items.
The state hallmark certifies that a piece of jewelry meets the declared fineness of the precious metal. Ukrainian law prohibits the sale of jewelry without such a hallmark.
Gold jewelry surpassed silver for the first time in terms of the number of hallmarks in Ukraine
In 2025, gold jewelry surpassed silver for the first time in terms of the number of items passing state hallmarking inspections, according to data from the Ministry of Finance of Ukraine published by “OpenDataBot” on July 17.
In the first quarter of 2026, the share of gold jewelry among all hallmarked items rose to 57%, while silver accounted for 43%. By comparison, in 2020, silver jewelry accounted for 72% of the market, and gold for only 28%.
In total, since 2020, 20.8 million silver items and 15 million gold items have undergone state hallmarking. Thus, in the cumulative six-year statistics, silver still holds first place with a 58% share.
The shift in market structure is partly due to the rising price of silver and growing industrial demand for the metal. Silver is widely used in the production of solar panels, electric vehicles, electronics, and semiconductors, leading jewelry companies to compete increasingly with the industrial sector for raw materials.
