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Armenian diamond sales up 10.9%

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  • Armenian diamond sales up 10.9%

    ARMENIAN DIAMOND SALES UP 10.9%
    May 16, 2005

    Tacy Ltd., Israel
    May 16 2005

    Armenia increased cut diamond output by 5.5 percent to US$63 million
    during the first quarter of 2005, as compared to the same period
    in 2004, says a spokesman for the country's Trade and Economic
    Development Ministry. Sales rose 10.9 percent to US$61.6 million,
    while exports increased 12 percent to US$61.5 million.

    Shogakn, one of the biggest cutting plants, boosted output 79 percent,
    Lori, another major cutting plant, raised production 22 percent and
    output by Jacobs Jewelry Armenia soared 350 percent.
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