Jewelry companies have reached record turnover: top 5 leaders in terms of revenue
24 October 2025 13:55
Ukraine’s jewelry industry is showing unprecedented growth. Despite the war and economic challenges, the revenue of officially reporting companies in 2024 reached UAH 1.23 billion, which is three times higher than in 2022. This is reported by "Komersant Ukrainian" with reference to YouControl.
In 2024, only 20% of the 622 legal entities analyzed published financial statements, i.e. 124 companies. And 101 companies received more than zero revenue. Its total amount for 2024 was UAH 1.23 billion.
In 2023, slightly fewer legal entities reported – 119. The total revenue amounted to just over UAH 770 million.
In 2022, 109 companies submitted financial statements, and the total revenue amounted to UAH 360.2 million.
Top 5 leaders in terms of revenue in 2024
The largest revenue in 2024 was received by: Heroldmeister LLC (UAH 342.6 million), Jewelry Enterprise No. 1 LLC (UAH 303.1 million) and Jewelry Plant No. 1 LLC (UAH 147.7 million).
The revenue of all other participants in the top twenty in 2024 was several times lower than that of the above companies.
Savannah Gold PE broke into the top five jewelry manufacturers in 2024 with a revenue of UAH 43.3 million. In 2022-2023, the company’s revenue amounted to UAH zero.
Lviv Jewelry Plant JSC took the fifth place in terms of revenue in 2024 among the analyzed companies with UAH 30 million.
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