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Armenia's Diamond Cutting Industry May See 15 % Surge This Year - Mi

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  • Armenia's Diamond Cutting Industry May See 15 % Surge This Year - Mi

    ARMENIA'S DIAMOND CUTTING INDUSTRY MAY SEE 15 % SURGE THIS YEAR - MINISTER

    YEREVAN, March 19. / ARKA /. Armenia's diamond cutting industry may
    see a 15 % surge this year as a result of supplies of import duty-free
    rough diamonds from Russia, Armenian economy minister Vahram Avanesyan
    said today.

    He said this when introducing a draft government decision on the
    registration of legal entities and individual entrepreneurs engaged
    in diamond processing. Under this decision the ministry of economy
    is the authorized agency to handle the registration.

    He said the decision stems from a cooperation agreement between
    the governments of Armenia and the Russian Federation in the fields
    of gas, petroleum and rough diamonds. According to the agreement,
    Armenian companies can not re-export Russian diamonds.

    According to official data, in 2013 Armenian diamond production surged
    by 41 percent to 94,498 carats. -0-

    - See more at:
    http://arka.am/en/news/economy/armenia_s_diamond_cutting_industry_may_see_15_surg e_this_year_minister/#sthash.5VLvoqFq.dpuf


    From: Baghdasarian
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