Diamond exports from Armenia have increased several-fold

ArmInfo. In H1 2021, the volume of polished diamond exports from Armenia increased 5.5-fold (against a 32.2% decline a year earlier), amounting to 530.3 thousand  carats. According to the RA Customs Service, while the customs value  increased 2.1-fold, amounting to $ 36.5 million.

Growth is also observed in the line of imports of rough diamonds, the  volume of which increased by 58.7% (against a 38.8% decline in the  previous year), amounting to 407.2 thousand carats, with an increase  in customs value by 64.6% - up to $ 54.7 million.

The main export of polished diamonds from Armenia falls on Russia  (54.3%) and the United Arab Emirates (45.1%), and the rest of the  scanty volumes to Belgium, Hong Kong, Belarus, Israel, Georgia.   Rough diamonds are imported to Armenia, mainly from Hong Kong  (44.5%), UAE (33.6%), India (11.1%), and much less from Belgium  (3.9%), Russia (3 .4%), Switzerland (1.4%), Canada (0.2%).

According to the Statistical Committee of the Republic of Armenia, in  H1 2021, jewelry production in Armenia decreased by 55.4% - to  10.5bln drams.