Kyrgyzstan’s Jewellery Industry Emerges from the Shadows

The jewellery industry in Kyrgyzstan is experiencing rapid growth, marked by a surge in exports, an expanded geographic reach, and a significant rise in foreign trade operations, according to official statistics. According to the National Statistical Committee, Kyrgyz jewellers quadrupled the volume of foreign trade in jewellery made from precious metals during the first four months of 2025. This figure encompasses both exports and imports. Approximately 100 kilograms of jewellery, valued at around $600,000, were exported. Export revenues increased fourfold compared to the same period in 2024. Meanwhile, imports reached 15.6 tons, worth $5.8 million, more than double the previous year’s figures. Russia and Italy were the primary destinations for Kyrgyz jewellery exports

Kyrgyz jewellers are also exploring new markets. One company has already exhibited twice at a jewellery fair in Almaty and has begun selling products featuring national designs. Despite these advancements, challenges remain. One major issue is the high cost of scrap gold for local producers. As was the case five years ago, scrap gold is sold with a 5% markup over the London gold price, even though Kyrgyzstan annually produces several dozen tons of gold and even more silver