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Armenia ups cut diamond output 5.5% in Q1

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  • Armenia ups cut diamond output 5.5% in Q1

    Interfax
    May 11 2005

    Armenia ups cut diamond output 5.5% in Q1


    YEREVAN. May 11 (Interfax) - Armenia increased cut diamond output
    5.5% year-on-year to $63 million, the country's Trade and Economic
    Development Ministry told Interfax.

    Shogakn, one of the biggest cutting plants, boosted output 79%, Lori,
    another major cutting plant, raised production 22% and output by
    Jacobs Jewelry Armenia soared 350%, the ministry said.

    Sales and exports rose 10.9% to $61.6 million and 12% to $61.5
    million respectively.
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