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Armenia Notes Slide in Production, Sales, Exports

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  • Armenia Notes Slide in Production, Sales, Exports

    Armenia Notes Slide in Production, Sales, Exports
    By Jeff Miller Posted: 7/19/2006 3:24 PM

    Diamonds.net, NY
    July 19 2006

    (Rapaport...July 19, 2006) Cut and polished diamond production fell
    20.4 percent to $112.5 million mid-year 2006 in Armenia compared with
    January through June 2005.

    The Armenian Trade and Economic Development ministry's office reported
    that sales of cut and polished fell 18 percent to $105 million and
    exports fell 20 percent to $102 million.

    Armenia attributed the drop in production, sales, and exports to the
    world diamond market downturn. Israel and Belgium were Armenia's top
    polished diamond destinations.
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