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Armenia's Polished Diamond Production -21% In 1H

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  • Armenia's Polished Diamond Production -21% In 1H

    ARMENIA'S POLISHED DIAMOND PRODUCTION -21% IN 1H
    By Avi Krawitz

    Diamonds.net
    Aug 19 2008
    NY

    RAPAPORT... Armenia's polished diamond production fell 20.6 percent to
    52,316 carats in the first of 2008, according to the Arka news service.

    Armenia's diamond polishing industry has been on a steady decline in
    recent years as Russia rough supplies dwindled.

    Reportedly, Russian diamond manufacturer Kristall of Smolensk has
    agreed to send up to 7,000 carats of rough for polishing in Armenia
    by year end.

    Armenia's jewelry production declined 42.6 percent to 509.4 kilograms
    worth in the six month period, Arka reported citing RA Statistical
    service.
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