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Armenia's Diamond Cutting Industry Recovering, Minister Says

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  • Armenia's Diamond Cutting Industry Recovering, Minister Says

    ARMENIA'S DIAMOND CUTTING INDUSTRY RECOVERING, MINISTER SAYS

    Israel Diamond Portal
    http://www.israelidiamond.co.il/english/News.aspx?boneId=918&objid=10189
    Nov 17 2011

    Armenian Economy Minister Tigran Davtyan announced on Wednesday
    that the country's diamond cutting industry was emerging from the
    economic crisis, which had caused "serious losses" for Armenian
    diamond manufacturers.

    By the end of the year, Davtyan said, he expected diamond exports to
    reach pre-crisis levels. The National Statistical Service of Armenia
    reports that from January-September 2011, Armenia's diamond cutters
    produced 51,500 carats, an 8.3% increase over the corresponding period
    of 2010.

    Davtyan spoke while visiting two diamond cutting companies in the
    Kotayk province, both of which cut rough diamonds sourced from Alrosa.

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