YEREVAN, October 29. / ARKA /. Armenia's accession to the Customs Union will provide Armenian jewelers with some advantages and help promote Armenian jewelry products in the Russian market , according to deputy economy minister Tigran Harutyunyan.
He said membership in the Russia-led customs union will allow Armenian jewelers to get cheap raw materials from Russia. Besides, they will be exempted from the 6.5 % export duty on Russian rough diamonds. Harutyunyan was speaking at conference on the state of jewelry industry, held on the sidelines of Yerevan Show- 2013 international exhibition.
Earlier, the vice -president of the World Association of Armenian Jewelers (AJA) Artak Udumyan told ARKA that Armenian jewelers endorsed the decision to join the Customs Union.
According to the National Statistical Service of Armenia, in January -August some 759.1 kg of jewelry were produced in the country, up 7.8% from the same time span in 2012. Diamond production during the same period amounted to 58,927 carats, an increase of 49.2 % compared to January-August 2012.
Also $120.3 million worth precious and semi-precious stones were exported in January -August this year, an increase of 5.9 % compared to the same period of 2012. .-0-