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ARMENIA INCREASES GOLD EXPORTS 1%, DOUBLES CUT DIAMOND EXPORTS IN Q1
Interfax, Russia
April 30, 2013 Tuesday 2:07 PM MSK
Armenia increased exports of gold equivalent by 0.9% year-on-year to
494.3 kilograms (including galvanic plating) in Q1 2013, and it
boosted cut diamond exports 130% to 67,300 carats, the country's
Customs Service reported.
The customs value of the exported gold rose 11% to $17 million,
and that of the exported cut diamonds jumped 31% to $24.5 million.
Imports of gold to Armenia soared 43% year-on-year to 535.8 kg
(including galvanic plating). In monetary terms, imports were up 40%
to $28.3 million.
Imports of rough diamonds climbed 49% to 104,500 carats. In monetary
terms, they were up 30.6% to $30.7 million.
The Armenian Economy Ministry told Interfax that this growth was
spurred by an increase in orders for rough diamond processing, which
could be an episodic phenomenon, given the fact that as yet there is
no rising trend in global demand for cut diamonds. Besides finished
cut diamonds, Armenia also re-exports unprocessed rough diamonds -
for example, from Russia and Belgium. There are no statistics on the
amount of re-exports of unprocessed rough diamonds, although it could
reach up to 50% of all exports at different times, the ministry noted.
Armenia exports Dore gold bars with gold content of up to 92%. The
country does not produce pure (bank) gold.
Because Armenia does not possess its own deposits, it imports raw
diamonds for processing then exports cut diamonds predominantly to the
countries from which it imports the raw material - Russia and Belgium.
Eb aa
Interfax, Russia
April 30, 2013 Tuesday 2:07 PM MSK
Armenia increased exports of gold equivalent by 0.9% year-on-year to
494.3 kilograms (including galvanic plating) in Q1 2013, and it
boosted cut diamond exports 130% to 67,300 carats, the country's
Customs Service reported.
The customs value of the exported gold rose 11% to $17 million,
and that of the exported cut diamonds jumped 31% to $24.5 million.
Imports of gold to Armenia soared 43% year-on-year to 535.8 kg
(including galvanic plating). In monetary terms, imports were up 40%
to $28.3 million.
Imports of rough diamonds climbed 49% to 104,500 carats. In monetary
terms, they were up 30.6% to $30.7 million.
The Armenian Economy Ministry told Interfax that this growth was
spurred by an increase in orders for rough diamond processing, which
could be an episodic phenomenon, given the fact that as yet there is
no rising trend in global demand for cut diamonds. Besides finished
cut diamonds, Armenia also re-exports unprocessed rough diamonds -
for example, from Russia and Belgium. There are no statistics on the
amount of re-exports of unprocessed rough diamonds, although it could
reach up to 50% of all exports at different times, the ministry noted.
Armenia exports Dore gold bars with gold content of up to 92%. The
country does not produce pure (bank) gold.
Because Armenia does not possess its own deposits, it imports raw
diamonds for processing then exports cut diamonds predominantly to the
countries from which it imports the raw material - Russia and Belgium.
Eb aa