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Diamond cutting companies produce 5.17 billion drams worth products

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  • Diamond cutting companies produce 5.17 billion drams worth products

    Diamond cutting companies produce 5.17 billion drams worth products in
    six months


    YEREVAN, August 28. / ARKA /. Armenian diamond cutting companies
    produced 5.17 billion drams worth products in the first six months of
    2014, and about 95 percent of them were exported, deputy economy
    minister Tigan Harutyunyan told at a news conference.

    According to him, during this period Armenian companies increased
    import of raw diamonds from Russia, due to Russia's decision to lift
    duties on export of raw diamonds to Armenia, while import of raw
    diamonds from Belgium reduced, but he did not specify.

    "After Armenia's accession to the Customs Union, Armenian jewelers
    will get a new opportunity to win a 150 million market", said
    Harutyunyan.

    According to the National Statistical Service, in January-June 2014
    Armenian diamond cutting companies' output totaled 5.7 billion drams,
    a 41.3% decline when compared to the same period in 2013.

    During the reporting period, Armenian companies sold abroad $111.6
    million worth precious and semi-precious stones, metals and articles,
    up 24.7% year-on-year, while imports of these types of goods grew by
    23 percent to $157.5 million. ($ 1 - 411 drams). -0-

    http://arka.am/en/news/business/diamond_cutting_companies_produce_5_17_billion_dra ms_worth_products_in_six_months/#sthash.DkpTZfxK.dpuf


    From: Baghdasarian
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