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Armenia Increases Diamond Export By 570% In H1

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  • Armenia Increases Diamond Export By 570% In H1

    ARMENIA INCREASES DIAMOND EXPORT BY 570% IN H1

    Interfax
    July 27 2010
    Russia

    Armenia increased its export of diamonds in the first half of 2010 by
    570% to 288,000 carats from 43,000 carats in the same period of 2009,
    according to the customs report for the Committee on State Revenue.

    A total of $50.41 million (customs value) in diamonds was exported
    from the country in the first half of 2010 compared to $22.277 million
    in exports for the same period of 2009 (up 130%).

    Imports of unfinished diamonds to Armenia in the first half came to
    390,000 carat worth $58.234 million compared to 73,000 carat worth
    $22.004 million for the first half of 2009.

    Armenia's Economic Ministry told Interfax that diamonds produced
    in Armenia are largely exports to Russia, the U.S. and Europe. The
    ministry said that the increase in exports had been driven by revival
    on the market.




    From: A. Papazian
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