On May 24, 2012 in accordance with the Decree of the President of the Republic of Belarus “KRISTALL-HOLDING” was established. It consists of JSC “Gomel MA “Kristall” (the managing company), JSC “Belyuvelirtorg” (the retail network company) and CJSC “Belgran” (in 2013 merged with the holding company), whose state-owned shares were transferred to the Administration of the Ministry of Finance of the Republic of Belarus.