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Armenia's Diamond Polishing Drops in Value

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  • Armenia's Diamond Polishing Drops in Value

    IDEX Online, Israel
    Aug 11 2004

    Armenia's Diamond Polishing Drops in Value

    (August 11, '04, 5:23 Edahn Golan)

    Armenia's diamond polishing efforts fell 17 percent during the first
    half of the year to 63.1 billion dram ($113.7 million) while
    increasing in weight.

    Karen Chshmaritian, Armenia's Trade and Economic Development
    Minister, says the increase in carat output is due to stronger global
    demand for smaller gems.

    Armenia has imported 70,000 carats of rough diamonds from Russia
    under a government-to-government agreement during the first six
    months of the year

    Armenia is interested in importing up to 400,000 carats of rough
    diamonds this year under the agreement with Russia.
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