Interfax, Russia
Nov 26 2008

Armenia ups cut diamond exports 8% in 10 mths

YEREVAN Nov 26

Armenia increased cut diamond exports 8.1% year-on-year in
January-October to 10.8 billion dram ($35.4 million), Aik Mirzoian,
head of regional and industrial development at the Armenian Economics
Ministry, told a press conference.

Cut diamond production rose 12.2% to 29 billion dram and sales of
finished goods rose 8.5% to 28 billion dram.

Mirzoian said the industry had emerged from lengthy decline after its
cutting plants, notably Daimotek and Lori, received some major orders.