The volume of foreign jewellery will increase rapidly in Russia as a result of Russia’s entry to WTO. Such conclusions were made at the V Russian Conference “Jewellery Market: world’s tendencies and Russian jewellery market and trade development”, its participants being the heads of Russian largest jewellery companies.

The chairman of Jewellers Union of North-West Alexander Gorynya informed at the conference that foreign jewellery beat Russian articles in price-quality correlation. In his opinion, it happens because Russia lacks modern equipment for jewellery industry and its own designers schools, it is all being developed.

Almaz-Holding President Flun Gumerov announces that foreign jewellery volume in Russian market had grown by 200-300%, while domestic jewellers had increased their production volume by 23% only. He noticed as well, that it will be extremely difficult to develop Russian jewellery industry in future without federal programme and assistance.