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Armenia diamond exports fall 37% in Q1

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  • Armenia diamond exports fall 37% in Q1

    Interfax, Russia
    May 3 2011

    Armenia diamond exports fall 37% in Q1


    YEREVAN. May 3


    The export of cut diamonds from Armenia dropped 37% year-on-year to
    65,000 carats in the first quarter, the country's customs service
    reported.

    The customs value of the exported diamonds contracted 13.4% to $17.526
    million from $20.243 million in Q1 last year.

    Armenia imported 106,000 carats of raw diamonds (down 39.8%) for
    $24.262 million (down 13.2%).

    Virtually all the cut diamonds produced in Armenia are exported to the
    United States and Europe.

    Cf




    From: A. Papazian
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