Announcement

Collapse
No announcement yet.

Armenia's cut diamond production drop 1.5% in H1

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Armenia's cut diamond production drop 1.5% in H1

    ARMENIA'S CUT DIAMOND PRODUCTION DROP 1.5% IN H1

    August 01, 2005

    Tacy Ltd., Israel
    Aug 1 2005

    Armenia cut diamond production totaled US$136.3 million in the first
    half of 2005, a decrease of 1.5 percent as compared to the parallel
    period last year, says Gagik Mkrtchian, the Trade and Economic
    Development Ministry's official in charge of gemstones and jewelry.

    Mkrtchian said that diamond sales rose by 0.5 percent to US$136.4
    million, while diamond exports rose by 1.1 percent to US$136 million.

    Armenia cut diamond production fell by 20 percent in 2004 and sales
    fell by 19.8 percent. The drop in production and sales was attributed
    to the dollar's devaluation against the Armenian dram in that year.
Working...
X