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Tuesday, 1st September 2009 (4991 views)

Gold jewellery produced in the old Soviet Union is becoming one of the most promising, although still largely overlooked, markets for collectors of antiquities, it has been claimed.

Writing for News-Antique, Dmitry Tamoikin said Soviet-era art is already breaking records, with many pieces fetching millions at auction.

Soviet jewellery is on the cusp of a similar boom in popularity because of its historical background, high quality, unique design and rarity.

However, like Soviet art, much of the interest in Soviet gold jewellery is coming from outside of Russia and the former member states of the USSR. The United States currently has the biggest market for such pieces, followed by the European Union, China, Japan and Australia.

Despite this "narrowing market" where savvy collectors are snapping up all the pieces they can find, there are still opportunities for investors to acquire "incredible items" at reasonable prices, Mr Tamoikin noted.

"Regardless of any personal feelings towards the Soviet regime, the historical and cultural importance of jewellery created in that era cannot be denied," he added.

Mr Tamoikin is one of the men behind the Tamoikins Museum, which developed the world's first universal appraisal system for art, antiquities and other collectibles.

 

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