Friday, April 1 2022 18:55
Alina Hovhannisyan

Armenia maintains  upward trend in polished diamonds exports for  second year in  row

Armenia maintains  upward trend in polished diamonds exports for  second year in  row

ArmInfo. In 2021, Armenia increased the export of polished diamonds by 32.2% (against 87.5% growth in 2020) - up to 573.4 thousand carats. And the customs value  increased by 45.4%, amounting to $103.6 million (against 24.7% growth  in 2020). This is evidenced by the data of the RA Customs Service.

According to customs data, diamonds from Armenia are exported mainly  to the UAE (62.6%) and Russia (30.3%), and much smaller volumes are  exported to Belgium (4.3%), the USA (1.4%), Israel ( 1.5%), Belarus  (0.5%), Hong Kong (0.3%), USA (0.2%), as well as Canada, Thailand,  Georgia, Germany.

According to customs data, the volume of import deliveries increased  by 24.7% (against a growth of 1% in 2020), amounting to 894.8  thousand carats of rough diamonds. In value terms, import supplies  increased by 33.8% per annum (against a decline of 38.4% in 2020),  amounting to $123.3 million.

Mostly, rough diamonds were imported to Armenia from Hong Kong  (52.8%), UAE (19.7%), India (16.3%), smaller volumes from Belgium  (6.4%), Russia (1.6%) , Israel (1.2%), as well as Switzerland,  Thailand, Canada, Lebanon, USA, Germany, Zimbabwe, Sierra Leone.