The jewelry industry is entering the industrial scale of production

President Shavkat Mirziyoyev arrived in Namangan region on March 25.

The Head of our state first visited the Gavhar Group enterprise in Yangi-Namangan district. It is capable of industrially producing 1,200 kilograms of jewelry per year.

The jewelry business of our country has been known for a long time. In particular, there were also families in Namangan who passed this art from generation to generation. But due to the lack of necessary conditions, difficulties with the purchase of raw materials, many jewelers stopped their activities. Those who stayed made the products by hand.

The Presidential decree of May 18, 2019 "On measures to accelerate the development of the jewelry industry in the Republic of Uzbekistan" opened up wide opportunities for representatives of the sphere. In particular, jewelry manufacturers were granted the right to purchase scrap precious metals and precious stones, as well as products made from them from mining and metallurgical plants and the public. Support was provided for attracting technologies and specialists from abroad.

Such attention and opportunities have given confidence to jewelers. In particular, a limited liability company "Gavhar Group" was established. Modern equipment was brought from Turkey, Italy, the USA and Germany, and in 2022 the company began its activities.

Today, the company has mastered the production of jewelry of 10 thousand varieties. In cooperation with foreign partners, the production of high-quality gold watch cases has been established. In 2023, 270 kilograms of products were produced.

In addition, it has established the production of products of any shape to order using 3D modeling.

The purchase of gold on the commodity exchange with deferred payment is an important aid in ensuring the sufficiency of working capital and continuity of production.

Another important aspect is that the company has established cooperation with local jewelers. As a result, those who previously worked informally came out of the "shadow", and the number of jobs increased. The company employs more than 100 people. Here, young people learn the craft.

The Head of our state had a conversation with jewelers working at the enterprise.

- 100 tons of gold are mined in our country every year. It is allowed to sell gold to entrepreneurs in installments. In fact, there is no such possibility in other countries. However, we process only 6 percent of the gold. Non-gold mining countries export more jewelry than we do. We are a little behind in this area. Therefore, we create additional conditions for production. And this is just the beginning. We will continue to develop this industry," Shavkat Mirziyoyev said.

There was also an exchange of views with Turkish business people, and issues of improving legislation in this area were discussed.

The Head of State also got acquainted with the products of the limited liability company "Mehmash".

This enterprise produces 20,000 tons of screws and 18,000 tons of rolled paper per year, with an export potential of $ 6 million. 700 people are employed here.

Instructions are given regarding the increase in the volume of production and export of fasteners used in the automotive industry, and the expansion of the number of jobs.