The volumes of diamond and jewelry production have significantly grown in Armenia, according to the data release by the country’s National Statistical Service (NSS).
The newly released data suggest, 204,102 carats diamonds were produced in 2017, which is 62.7% increase over the volumes produced during the previous year. The total production of 2016 amounted to 125,431 karats.
It is noted that the raw materials for diamond processing in Armenia are imported mainly from Russia, Belgium, and Israel.
According to NSS data, 1 929.2kg of jewelry were produced in Armenia in 2017, which is 2.5 times more to compare with the last year’s volumes. To note, 781.2kg jewelry were produced in 2016
