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Armenian Cos to build jewelry, diamond cutting plants in Russia

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  • Armenian Cos to build jewelry, diamond cutting plants in Russia

    Prime-Tass English-language Business Newswire, Russia
    February 19, 2010 Friday 12:38 PM EET

    Armenian Cos to build jewelry, diamond cutting plants in Russia

    YEREVAN Feb 19


    Armenian businessmen plan to invest U.S. $5 million in the
    construction of a jewelry factory and a diamond cutting factory in
    Russia's Ulyanovsk Region, Armenia's Commerce and Industry Chamber
    President Aram Vardanyan said Friday.

    The Armenian businessmen, who were not identified, discussed these
    projects with Russian colleagues during their visit to the Ulyanovsk
    Region earlier this week, Vardanyan said.

    They also offered to take part in the investment in the construction
    of a large hotel with an exhibition complex in the city of Ulyanovsk,
    Vardanyan said.
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