Interfax News Agency
Russia & CIS Business and Financial Newswire
January 18, 2007 Thursday 4:32 PM MSK
Armenian cut diamond output plummets 22% in 2006
Armenia reduced cut diamond production 22% in 2006 to 88.048 billion
dram ($240.5 million), an Armenian Trade and Economic Development
Ministry official said.
Cut diamond sales fell 20% to 88.993 billion dram ($243 million),
with exports falling 20.6% to 87.077 billion dram ($237.8 million).
A drop in world prices for cut and polished diamonds combined with a
weaker dollar in Armenia were behind the drop in output and sales,
the ministry said.
Disclaimer: This article was contributed and translated into English by Karagyozian Lena. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2007/01/20/armenian-cut-diamond-output-plummets-22-in-2006/