ARMENIAN DIAMOND SALES UP 10.9%
May 16, 2005

Tacy Ltd., Israel
May 16 2005

Armenia increased cut diamond output by 5.5 percent to US$63 million
during the first quarter of 2005, as compared to the same period
in 2004, says a spokesman for the country’s Trade and Economic
Development Ministry. Sales rose 10.9 percent to US$61.6 million,
while exports increased 12 percent to US$61.5 million.

Shogakn, one of the biggest cutting plants, boosted output 79 percent,
Lori, another major cutting plant, raised production 22 percent and
output by Jacobs Jewelry Armenia soared 350 percent.