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Armenia’s jewelry industry sees triple rise in five months

11.07.2016, 16:36
Armenia’s jewelry industry saw a triple year-on-year rise in the first five months of 2016 producing a total of 12.5 billion drams worth products, the National Statistical Service (NSS) said today.

Armenia’s jewelry industry sees triple rise in five months
YEREVAN, July 11. /ARKA/. Armenia’s jewelry industry saw a triple year-on-year rise in the first five months of 2016 producing a total of 12.5 billion drams worth products, the National Statistical Service (NSS) said today.

However, in terms of weight, more products were produced in the first five months of 2015 -460 kg against 288.5 kg in January-May 2016, it said.

It also said 44,794 carats of diamond were cut in the first five months of 2016 against 19,072 carats in January-May 2015. 

Also exports of precious and semi-precious stones, precious metals and products in January-May 2016 amounted to about $127.4 million, an increase of 81.8% from the year before, while imports of  these same types of goods increased 2.4 times to $90.6 million. -0-