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.