Friday, September 2 2022 18:51
Alexandr Avanesov

Armenia has significantly increased polished diamond exports and  rough diamond imports

Armenia has significantly increased polished diamond exports and  rough diamond imports

ArmInfo. In H1 2022, Armenia significantly increased the export of polished diamonds  (2.1-fold) up to 715.2 thousand carats, while their customs value  increased 2.8-fold to $134.1 million. This is evidenced by the data  of the RA Customs Service.

According to the source, diamonds are exported from Armenia mainly to  the UAE (83%), Russia (15.7%), scanty volumes to Hong Kong (0.5%),  Belgium (0.4%), USA (0.1%), as well as to Belarus, Georgia, Israel,  Germany, China, Thailand.

According to customs data, the volume of imported rough diamonds also  increased significantly - by 87%, amounting to 757.8 thousand carats.  At the same time, the customs value of imported rough diamonds  increased much more significantly, increasing 2.7-fold in y-o-y terms  - up to $149.1 million.  

Rough diamonds were mainly imported to Armenia from India (52.1%),  Russia (21%), Hong Kong (13.6%), much less from the UAE (5.2%),  Belarus (2.9%), Belgium (1.7%), South Africa (1.6%), Israel (0.6%),  and very meager volumes were supplied from Thailand, the Czech  Republic, Germany, Canada. 

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