Tuesday, October 5 2021 10:52

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.