Tacy, Israel
Nov 30 2008

ARMENIA POLISHED EXPORTS UP OVER 8%

30 November 2008

Armenia’s cut diamond exports in the first ten months of 2008, worth
over US$35 million, increased by over 8 percent from the country’s cut
diamond exports in January to October 2007, says Aik Mirzoian, Head of
Regional and Industrial Development at the Armenian Economics
Ministry.

Mirzoian says that local cutting plants Daimotek and Lori have
received some major orders, thus assisting the industry to emerge from
its lengthy decline.

Armenia’s cut diamond production rose by over 12 percent during this
period, while sales of finished goods rose 8.5 percent.