Tweet
DIAMOND CUTTING SECTOR DOWN 6.5 PERCENT
Panorama
Nov 16 2011
Armenia
7 diamond processing companies released products amounting to AMD 2.46
billion in the first six months of 2011, down 6.5 percent compared
to the same period last year, Minister of Economy Tigran Davtyan told
reporters. Products amounting to around AMD 2.9 billion were exported
in January-June, up 9.4 percent compared to the same period in 2010,
said the Minister.
According to Davtyan, diamond cutting sector has major comparative
advantage in Armenia.
"In early 2000s we had large volumes, with exports amounting up to
USD 300 million. The condition of our companies was hard under the
financial crisis, however, we can say that this year the diamond
cutting sector not only has overcome the crisis but also increases
the volume of products," said the Minister.
Panorama
Nov 16 2011
Armenia
7 diamond processing companies released products amounting to AMD 2.46
billion in the first six months of 2011, down 6.5 percent compared
to the same period last year, Minister of Economy Tigran Davtyan told
reporters. Products amounting to around AMD 2.9 billion were exported
in January-June, up 9.4 percent compared to the same period in 2010,
said the Minister.
According to Davtyan, diamond cutting sector has major comparative
advantage in Armenia.
"In early 2000s we had large volumes, with exports amounting up to
USD 300 million. The condition of our companies was hard under the
financial crisis, however, we can say that this year the diamond
cutting sector not only has overcome the crisis but also increases
the volume of products," said the Minister.