In Uzbekistan, the jewellery market in late February 2026 is defined by record-breaking gold prices and new government incentives designed to boost local manufacturing. While the high cost of raw gold has pushed retail prices up, shoppers can find value through specific state-supported initiatives and seasonal "spring" promotions.
Top Brand & Retailer Offers
Zargarlik (State Jewelry Sector) Promotions
Under new legislation effective February 1, 2026, the government has introduced significant incentives for the local jewellery industry.
* Manufacturing Discounts: Local entrepreneurs now receive a 1% to 4% discount on purchases of precious metals from the state based on the number of jobs they create.
* Consumer Benefit: Shoppers should look for the "Local Artisan" or "Made in Uzbekistan" tags. These manufacturers are often able to offer slightly more competitive Making Charges (Ujra) compared to imported brands due to these new state subsidies.
MANGO Uzbekistan (Jewellery & Costume)
For fashion-forward and accessible pieces, MANGO’s spring 2026 collection is currently active in Tashkent.
* Current Prices: Combined volume maxi bracelets are priced at 499,000 UZS, while selected "New Now" items start from 359,000 UZS.
* Trends: They are currently highlighting chunky gold-tone hoops and layered necklaces with resin and metallic pendants.
Tashkent Gold Center (Chorsu Area)
The traditional heart of the gold trade in Tashkent is the place for pure 21K and 22K investment jewellery.
* Installment Offers: A new resolution allows for 0% interest installments on jewellery if paid within the first 30 days. For longer terms (up to 6 months), interest is now pegged to the Central Bank's primary rate, making structured payments more transparent than in previous years.
* Founding Day & Spring Prep: Small local stalls are currently offering "set discounts" for those buying full bridal sets ahead of the spring wedding season (March–May).
Today's Gold Rates in Uzbekistan (February 23, 2026)
Gold prices in Uzbekistan have hit historic highs this month, with the domestic price of a 5-gram bar exceeding 10 million UZS for the first time.
* 24K Gold: ~682,105 UZS per gram
* 22K Gold: ~625,263 UZS per gram
* 21K Gold: ~596,842 UZS per gram
* 18K Gold: ~511,579 UZS per gram
> Market Note: Domestic gold prices rose by over 15% in January alone, reflecting the global "safe haven" demand.
>
Shopping Tips for Uzbekistan
* The 30-Day Window: If you are making a large purchase (like a wedding set), utilize the 30-day interest-free installment plan now mandated by the revised payment procedures. It is the most cost-effective way to manage high gold prices.
* Purity Verification: All semi-finished and finished jewellery products in Uzbekistan now require a conclusion from the State Purity Control Inspection. Always ask to see the official certificate of purity before finalizing a purchase, especially in the bazaars.
* Import Limits: If you are visiting, remember that you can import up to 65 grams of jewellery (valued up to $2,000) into Uzbekistan duty-free.
* Silver Resurgence: Due to the high cost of gold, 925 Sterling Silver is trending for 2026. Look for "Two-Tone" designs that mix yellow gold plating with silver to get the luxury look at a fraction of the cost.
Top Brand & Retailer Offers
Zargarlik (State Jewelry Sector) Promotions
Under new legislation effective February 1, 2026, the government has introduced significant incentives for the local jewellery industry.
* Manufacturing Discounts: Local entrepreneurs now receive a 1% to 4% discount on purchases of precious metals from the state based on the number of jobs they create.
* Consumer Benefit: Shoppers should look for the "Local Artisan" or "Made in Uzbekistan" tags. These manufacturers are often able to offer slightly more competitive Making Charges (Ujra) compared to imported brands due to these new state subsidies.
MANGO Uzbekistan (Jewellery & Costume)
For fashion-forward and accessible pieces, MANGO’s spring 2026 collection is currently active in Tashkent.
* Current Prices: Combined volume maxi bracelets are priced at 499,000 UZS, while selected "New Now" items start from 359,000 UZS.
* Trends: They are currently highlighting chunky gold-tone hoops and layered necklaces with resin and metallic pendants.
Tashkent Gold Center (Chorsu Area)
The traditional heart of the gold trade in Tashkent is the place for pure 21K and 22K investment jewellery.
* Installment Offers: A new resolution allows for 0% interest installments on jewellery if paid within the first 30 days. For longer terms (up to 6 months), interest is now pegged to the Central Bank's primary rate, making structured payments more transparent than in previous years.
* Founding Day & Spring Prep: Small local stalls are currently offering "set discounts" for those buying full bridal sets ahead of the spring wedding season (March–May).
Today's Gold Rates in Uzbekistan (February 23, 2026)
Gold prices in Uzbekistan have hit historic highs this month, with the domestic price of a 5-gram bar exceeding 10 million UZS for the first time.
* 24K Gold: ~682,105 UZS per gram
* 22K Gold: ~625,263 UZS per gram
* 21K Gold: ~596,842 UZS per gram
* 18K Gold: ~511,579 UZS per gram
> Market Note: Domestic gold prices rose by over 15% in January alone, reflecting the global "safe haven" demand.
>
Shopping Tips for Uzbekistan
* The 30-Day Window: If you are making a large purchase (like a wedding set), utilize the 30-day interest-free installment plan now mandated by the revised payment procedures. It is the most cost-effective way to manage high gold prices.
* Purity Verification: All semi-finished and finished jewellery products in Uzbekistan now require a conclusion from the State Purity Control Inspection. Always ask to see the official certificate of purity before finalizing a purchase, especially in the bazaars.
* Import Limits: If you are visiting, remember that you can import up to 65 grams of jewellery (valued up to $2,000) into Uzbekistan duty-free.
* Silver Resurgence: Due to the high cost of gold, 925 Sterling Silver is trending for 2026. Look for "Two-Tone" designs that mix yellow gold plating with silver to get the luxury look at a fraction of the cost.
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