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-
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From: Baghdasarian