ArmInfo.The delegation of the Armenian Ministry of Economy will discuss the possibilities of expanding interaction with the leader of the world's diamond mining industry, the Russian mining company with state participation, ALROSA PJSC in Moscow.
According to the official website of the government, by the decision of Prime Minister of Armenia Nikol Pashinyan, Deputy Minister of Economy Narek Teryan and Adviser to the Minister Gagik Mkrtchyan will be sent to the capital of the Russian Federation on October 4-6.
"Alrosa" PJSC mines 95% of all diamonds in Russia, the company's share in the world diamond production is 27%. The company has proven reserves sufficient to maintain the current production level for at least 18- 20 years. Alrosa's probable reserves account for about one third of the world's total diamond reserves.
To note, in H1 2021, the volume of 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, the customs value at the same time increased 2.1-fold, amounting to $ 36.5 million. The growth is also observed in the line of imports of rough diamonds, the volume of which increased by 58.7% (against 38.8% decline a year earlier) , 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 H12021, jewelry production in Armenia decreased by 55.4% - to 10.5bln drams.
