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Diamond Exports From Armenia Down 61.5% In 9m

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  • Diamond Exports From Armenia Down 61.5% In 9m

    DIAMOND EXPORTS FROM ARMENIA DOWN 61.5% IN 9M

    Interfax
    Oct 29 2012
    Russia

    Exports of cut diamonds from Armenia were down 61.5% year-on-year in
    the first nine months of 2012 at 104,300 carats, a report from the
    country's Customs Service says.

    Exports in value were down to $57.8 million in the 9M, from $85.9
    million in the same period of last year.

    The country's Economics Ministry told Interfax that exports fell due
    to a drop in world demand for gemstones.

    Armenia imports rough diamonds and exports cut and polished diamonds
    mainly to Europe, the United States, and Russia. The country imports
    half its diamonds from Russia's Alrosa.

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