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Over 50 foreign jewelry companies ready to open businesses in Armenia
YEREVAN, April 8, / ARKA /. More than 50 foreign jewelry companies
are ready to open businesses in Armenia, according to Gagik Gevorkian,
president of the Armenian Jewelers Association (AJA) and chairman of
the Association of Russian Jewelers Guild.
He said the AJA is currently implementing a program, which calls for
creation of around 1,500 new jobs in its first stage by bringing
foreign jewelry companies, particularly from Russia, USA, France,
Italy and Thailand, to Armenia. "In the long-term we plan to create up
to 3,000 jobs" he said.
He refused to specify how much these foreign companies may invest in
Armenia's jewelry industry, saying only they will export their entire
output and will not compete with the local market.
According to him, the main obstacle to the implementation of this
program is the lack of suitable space in Yerevan.
"The main purpose of this program is to make Armenia a center of world
jewelry. We need an area of 20 thousand square meters, «he said,
adding that the talks on lease of area have been going on for more
than a year, but with no outcome yet.
On his part, a deputy economy minister Tigran Harutyunyan noted that
the government is assisting this program to materialize by organizing
talks between AJA and companies which could lease their space. He
said the government is not responsible for their outcome.
According to the ministry of economy, production of jewelry in 2012
in Armenia totaled 13.3 billion drams, an increase of 16 percent
compared to 2011. -0-
From: A. Papazian
YEREVAN, April 8, / ARKA /. More than 50 foreign jewelry companies
are ready to open businesses in Armenia, according to Gagik Gevorkian,
president of the Armenian Jewelers Association (AJA) and chairman of
the Association of Russian Jewelers Guild.
He said the AJA is currently implementing a program, which calls for
creation of around 1,500 new jobs in its first stage by bringing
foreign jewelry companies, particularly from Russia, USA, France,
Italy and Thailand, to Armenia. "In the long-term we plan to create up
to 3,000 jobs" he said.
He refused to specify how much these foreign companies may invest in
Armenia's jewelry industry, saying only they will export their entire
output and will not compete with the local market.
According to him, the main obstacle to the implementation of this
program is the lack of suitable space in Yerevan.
"The main purpose of this program is to make Armenia a center of world
jewelry. We need an area of 20 thousand square meters, «he said,
adding that the talks on lease of area have been going on for more
than a year, but with no outcome yet.
On his part, a deputy economy minister Tigran Harutyunyan noted that
the government is assisting this program to materialize by organizing
talks between AJA and companies which could lease their space. He
said the government is not responsible for their outcome.
According to the ministry of economy, production of jewelry in 2012
in Armenia totaled 13.3 billion drams, an increase of 16 percent
compared to 2011. -0-
From: A. Papazian