Jewelry business in Ukraine: Israel became No.1 among foreign owners

Citizens of Israel have become the largest foreign group among the owners of jewelry companies in Ukraine. NAnovosti checked 22 active companies and found not only stores and registry records but also production, revenue growth, and a direct connection with the Israeli Diamond Exchange.

When Russian missiles repeatedly strike Kyiv, the jewelry business does not seem like the most obvious place for a foreigner who wants to preserve money. A gold store cannot be moved to another country in a couple of hours. Production, equipment, employees, and diamonds in stock also remain where the war is ongoing.

Therefore, one figure in Ukrainian corporate statistics made us pause: Israel ranked first among the countries of citizenship of foreign beneficiaries of Ukrainian jewelry companies.

Not the USA. Not Germany. Not neighboring Turkey.

Israel.

NAnovosti decided to look into what stands behind this figure. For verification, we used data from August 17, 2026Opendatabot — a Ukrainian platform that collects and systematizes open information from state registers: data on companies, owners, and ultimate beneficiaries, types of activities, financial reporting, and other corporate…

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