ARMENIA’S POLISHED DIAMOND PRODUCTION -21% IN 1H
By Avi Krawitz

Diamonds.net
Aug 19 2008
NY

RAPAPORT… Armenia’s polished diamond production fell 20.6 percent to
52,316 carats in the first of 2008, according to the Arka news service.

Armenia’s diamond polishing industry has been on a steady decline in
recent years as Russia rough supplies dwindled.

Reportedly, Russian diamond manufacturer Kristall of Smolensk has
agreed to send up to 7,000 carats of rough for polishing in Armenia
by year end.

Armenia’s jewelry production declined 42.6 percent to 509.4 kilograms
worth in the six month period, Arka reported citing RA Statistical
service.