Armenian Polished Diamond Production Down By Nearly 20%

ARMENIAN POLISHED DIAMOND PRODUCTION DOWN BY NEARLY 20%

Tacy, Israel
Dec 3 2006

Armenia reduced its polished diamond production by 19.7 percent in
the first ten months of 2006 compared to the same period of 2005,
says Gagik Mkrtchian, Head of the Armenian Trade and Economic
Development Ministry.

Meanwhile, cut diamond sales fell by over 17 during the same period
as compared to one year earlier.

A drop in global prices for cut and polished diamonds combined with
a weaker dollar in Armenia were behind the drop in output and sales.

Mkrtchian adds that Armenia did not buy any rough diamonds from Russia
in 2006, instead buying most of their rough from Israel and Belgium,
since it was not profitable to buy from Russia.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS