ARMENIAN WATCH MAINLY EXPORTED TO US

August 29, 2013 | 01:43

YEREVAN. – Five watch manufacturing companies, which employ 113 people,
are operating in Armenia. This is indicated in the development program
of watch industry, which was approved by the Council at the Prime
Minister of Armenia in late July

Armenia exported watch and parts estimating at nearly $8 million in
2011, while 85% of production was exported to the United States.

Armenian watch are also exported to Uzbekistan and Turkmenistan
(7% and 5% of the total). In addition, Armenia exports watch parts
to Switzerland.

The major watch manufactures in Armenia are Yerevan Jewelry Plant
“Gnomon”, AWI, “IGOR”, representative of Frank Muller. Armenian

Armenia’s watch industry reached the peak in 1980s, when the country
annually produced 4.5 million watch. The main producers were Yerevan
Watch Factory and Yerevan factory of decorative.

News from Armenia – NEWS.am

From: Emil Lazarian | Ararat NewsPress