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Fine Jewellery: The Russian jewellery market has
been developing fast, with regard to both qualitative and quantitative transformations.
Several years ago in the early 1990s, Russia had about 25 large jewellery
plants; currently, it has more than 500 officially registered plants with
prolific output; of these, one-sixth or so make diamond jewellery. The number
of jewellery trading firms and organizations has also grown by dozens of times.
According to Russia's State Assay Chamber, at present there are more than
22,000 registered jewellery shops.
Russia is one of the few countries that produce huge amounts of the metals
and gemstones used in jewellery, This makes it possible to optimize economy
throughout production chain and improve the final result. Moreover the restructuring
of business and of the jewellery sector itself are making it easier for Russian
jewellers to go world market with their fine goods, Investments in jewellery
production pay back quickly.
Branded Watches too: Besides fine jewellery, Russia is also producing
a wide variety of quality wrist watches and other time pieces many of which
are of the branded category, For promoting these products and fostering international
horological cooperation, Moscow also hosts an annual global watch and clock
Fair - a popular event in which many countries from far and near participate.
Rough Supply to India: High level officials and
Indian delegations have visited Moscow in the past couple of years for direct
supply of Russian rough diamonds to India which has not become regular. Efforts
have been underway to regularize Russian supply,