Business news from Ukraine

Business news from Ukraine

Ukrainian manufacturers account for 99% of gold jewelry market

18 July , 2026  

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.

, , , ,