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Passenger on Dubai-Yerevan flight found guilty of smuggling diamonds weighing 72 grams and gold jewellery
Armenian customs officers foiled an attempt to smuggle 72 grams of diamonds and gold jewellery with precious stones into the country. YEREVAN, 3 October. /ARKA/. Armenian customs officers foiled an attempt to smuggle 72 grams of diamonds and gold jewellery with precious stones into the country. According to the State Customs Committee of Armenia, a citizen of the Republic of Armenia, who arrived by Dubai-Yerevan flight, was subjected to inspection in the customs control zone ...
10/03/2024Armenian SRC foils attempt to smuggle large consignment of diamonds
Armenia's State Revenue Committee (SRC) said today that its employees foiled an attempt to smuggle a consignment of diamonds into Armenia. YEREVAN, 12 September. /ARKA/. Armenia's State Revenue Committee (SRC) said today that its employees foiled an attempt to smuggle a consignment of diamonds into Armenia. According to the Committee, an Armenian citizen arriving on the Sharjah-Yerevan ...
09/12/2024Armenian customs officers thwart attempt to smuggle diamonds worth 8 million drams
Armenian customs officers thwarted an attempt to smuggle in diamonds worth 8 million drams, the State Revenue Committee reports. YEREVAN, 2 August. /ARKA/. Armenian customs officers thwarted an attempt to smuggle in diamonds worth 8 million drams, the State Revenue Committee reports. It said recently, the ...
08/02/2024World Bank assesses diamonds exports and re-exports on Armenia’s foreign trade
Armenia almost tripled its exports in April thanks to a tenfold increase in the exports of precious and semiprecious stones, the World Bank revealed in its monthly economic update. YEREVAN, July 1. /ARKA/. Armenia almost tripled its exports in April ...
07/01/2024Man detained on suspicion of smuggling large batch of diamonds at Zvartnots
Armenia’s customs officers prevented a large batch of diamonds from being smuggled into the country YEREVAN, June 4. /ARKA/. Armenia’s customs officers prevented a large batch of diamonds from being smuggled into the country, the Armenian State Revenue Committee reported on Tuesday. An Armenian citizen who arrived from the United Arab Emirates was recently detained at Yerevan’s Zvartnots airport during a customs inspection. A total of 29 undeclared valuable stones, suspectedly ...
06/04/2024Some 76% of Armenian exports in 2023 went to Russia, UAE and Hong Kong- economist
... the surge by re-exports. "We have re-exports going in two directions. One is from China and the EU going to Russia. These are mainly household appliances and cars. The second direction of re-export is the UAE and Hong Kong which receive gold and diamonds from Russia via Armenia," he said. The expert noted that, according to official statistics, in 2022 the share of re-exports in the total exports amounted to 4.4%, and in 2023 – to 3.3%. According to him, textile clothing and footwear were re-exported most of all ...
04/17/2024Major diamond industry companies warn G7 about consequences of sanctions against Russia
The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes of its ban on Russia-produced diamonds, mining.com reported. YEREVAN, March 4. /ARKA/. The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes ...
03/04/2024Export or re-export of polished diamonds: discrepancy in figures
... Teryan said Hay-Almast (Armenian Diamond) state company imports only precious stones and metals, which are polished by local diamond cutting companies. The journalists cited the customs authorities, which said earlier that 3.7 million carats of polished diamonds were exported from Armenia. At the same time, according to the National Statistical Committee, 141 thousand carats of diamonds were processed in the country. Neither the deputy minister nor economy minister Vahan Kerobyan had any answer to this, saying that these figures ...
01/09/2024More than 381,000 carats of treated diamonds worth $333 million exported from Armenia in 10 months.
More than 381 thousand carats of treated diamonds worth $333 million were exported from Armenia in January-October 2023, by 38.5% more than in the same time span of 2022, the Ministry of Economy said today. YEREVAN, December 22. /ARKA/. More than 381 thousand carats of treated diamonds worth $333 million were exported from Armenia in ...
12/22/2023Russia increases petrol quota for Armenia by 60 thousand tons
... of Territorial Administration and Infrastructure reported. "According to the annex signed on November 1 to the agreement between the Republic of Armenia and the Russian Federation on cooperation in supply of natural gas, oil products and natural diamonds, the 2023 petrol quota for Armenia has been increased, which enables importers from Armenia to buy and import additionally 60 thousand tons of petrol from Russia," the ministry said in a Facebook post. In early October, Armenia asked Russia to increase the quota for the supply ...
11/06/2023Armenia can help Belgium with IT specialists
... universities do not train enough personnel. Therefore, Armenia is one of the countries that can help Belgium in this respect," he said. Bletard also mentioned tourism and hotel business as promising areas of cooperation. According to him, precious metals, diamonds, zinc and aluminum, produced in Armenia are the goods of interest for the Belgian market "In 2021-2022, the trade turnover between Armenia and Belgium increased by almost 100%. This year it is expected to grow by another 50%. Thus, the first half of 2023 is also promising. There ...
10/19/2023India's KGK Diamonds to open its plant in Armenian Abovyan in September
... companies, India's KGK Diamonds Private Limited, has launched a diamond-cutting plant in Abovyan, a town 20 km north of the Armenian capital Yerevan. YEREVAN, August 15. /ARKA/. One of the world's largest diamond processing companies, India's KGK Diamonds Private Limited, has launched a diamond-cutting plant in Abovyan, a town 20 km north of the Armenian capital Yerevan. Armenian Deputy Minister of Economy Narek Teryan said the technical opening of the plant has already taken place and the official opening is scheduled for September. He said the plant will employ about 400 workers, of whom about ...
08/15/2023Armenian diamond-cutting industry set to double exports in 2023 – deputy minister
... thanks to this project and the reforms we are implementing, only this year 4 new diamond processing manufacturers have opened in Armenia, mainly in the city of Abovyan," the deputy minister noted. He added that Hay-Almast is currently negotiating with ... ... the deputy minister. According to him, a rather ambitious goal has been set to reach $ 1 billion worth exports of processed diamonds. "We are approaching this goal. I don't want to make forecasts, but we are working on the realization of this goal,...
08/15/2023Armenia’s export of processed diamonds may exceed $1 bln. – Kerobyan
... company will give a fresh boost to our diamond industry," the minister said. He noted that processed diamond exports from Armenia totaled $75 million in 2020 and rose to $410 million in 2022. "We believe that the year when we will record an export ... ...," he said. Kerobyan said the state-owned company Almast (Diamond) set up by the government to handle the distribution of raw diamonds acquired from Russia and other countries among the local diamond-cutting companies is working quite well. -0-
06/29/2023An attempt to smuggle 43 grams of diamonds from Turkey to Armenia thwarted
Armenia's State Revenue Committee (SRC) said today its customs officers thwarted an attempt of illegal import of diamonds aboard the Istanbul-Yerevan flight. YEREVAN, February 27. /ARKA/. Armenia's State Revenue Committee (SRC) said today its customs officers thwarted an attempt of illegal import of diamonds aboard the Istanbul-Yerevan flight. It said six polyethylene bags filled with diamond-like stones weighing 14 grams were found during ...
02/27/2023Export of cut diamonds from Armenia may exceed $1 bln in 2023 - minister
Armenia’s exports of cut diamonds may exceed $1 billion in 2023, Economy Minister Vahan Kerobyan said in a last week interview with CivilNet. YEREVAN, February 20. /ARKA/. Armenia’s exports of cut diamonds may exceed $1 billion in 2023, Economy Minister Vahan Kerobyan ...
02/20/2023Exports of processed diamonds from Armenia in 2022 amounted to $400 million
Exports of processed diamonds from Armenia is growing from year to year, with more than $400 million worth diamonds exported in 2022, Economy Minister Vahan Kerobyan said in an interview with Armenpress. YEREVAN, February 3. /ARKA/. Exports of processed diamonds from Armenia is growing ...
02/03/2023India's KGK Group will open diamond-manufacturing plant in Armenia
... processing industry in Armenia, the largest being from India's KGK Group, which is already bringing dozens of Armenian jewelers back to Armenia from other countries. According to the minister, KGK Group is expected to export $300 mln worth of processed diamonds from Armenia next year. The KGK Group, was founded in India in 1905. Today it has a global presence across 17 countries and has evolved as one of the most preferred brands in the Gems & Jewellery industry. 0-
01/10/2023Armenian SRC thwarts an attempt to smuggle in diamonds and undeclared US dollars
An Armenian citizen who arrived in Yerevan from Dubai, the UAE, tried to smuggle in 70 carats of diamonds and a large amount of undeclared US dollars, but his plan was thwarted, Armenian State Revenue Committee said. YEREVAN, August 23. /ARKA/. An Armenian citizen who arrived in Yerevan from Dubai, the UAE, tried to smuggle in 70 carats of diamonds and a large amount of undeclared US dollars, but his plan was thwarted, Armenian ...
08/23/2022Armenian government wants to make Nor-Hachin country's 'diamond capital' again
... industry in Nor-Hachin, to bring Nor-Hachin specialists who scattered around the world back to Armenia," Kerobyan said. Last year, Armenia set up a new state diamond-processing company, Hay-Almast to buy from Russia's ALROSA large lots of rough diamonds needed by Armenian companies. --0-- -
05/03/2022Government establishes new company to boost diamond exports
... export of polished diamonds by $150mln annually in average, to raise the number of diamond-cutting companies to 20-25, which will employ as many as 5 thousand workers. The goal of the newly established company is to form a consolidated demand of the Armenian companies for rough diamonds and meet it through joint purchase and sales to local manufacturers. -0-
12/09/2021New Armenian diamond cutting company and Russian ALROSA to cooperate
... companies, discussed the prospects for improving cooperation with Russian ALROSA. It was proposed that a joint-stock company with participation of the government and private companies, be established that would act as a major buyer of as much of uncut diamonds from ALROSA as needed by Armenian companies.-0-
10/08/2021Tigran Jrbashyan: for 30 years we have been building a "kingdom of crooked mirrors." If we don't think strategically, we can lose the country.
... either here or there, it is seen in the very foreseeable future. - Or maybe we just create a virtual state? We will create an Armenian analogue of Facebook, a unified diaspora system and will virtually exist there ... T. Jrbashyan - To my great regret,... ... will pay for it in 20 years. Our virtual science is a fiction. We are not engaged in science. Maybe we have some separate "diamonds" within the country, but globally, our society does not conduct scientific activities. And, accordingly, we must ...
03/04/2021Armenian customs officials thwart diamond smuggling attempt by Iranian citizen
... today its customs officers thwarted an attempt of smuggling 2,030 pieces of diamonds by an Iranian citizen. It said the Iranian tried to use Armenia as a transit country. According to SRC, the diamonds were found in the Iranian's car when he crossed the Armenian border at Agarak border crossing. The diamonds were hidden in a wallet between the seats. The case was referred to the legal department of the SRC. It said also that this violation of the Customs Code entails a fine in the amount of the customs value of the diamonds. -0-
02/22/2021Armenian customs officials report unprecedented progress in detecting illegal imports in 2020
... containing narcotic and psychotropic substances. The customs officers also prevented 5 cases of drug trafficking transit through Armenia 2 attempts to transport opium from Iran to Australia, an attempt to transport 5.2 kg of methamphetamine from Iran to Japan,... ... Malaysia. Vardanyan also said that in cooperation with the National Security Service, in September 2020, an illegal import of diamonds was discovered. The processed diamonds were imported from the UAE, the customs value of which was declared in the amount ...
02/10/2021Head of economy ministry department arrested on charges of forgery and bribe receiving (video)
... ministry department in charge of awarding licenses and permissions for committing illegal actions. YEREVAN, January 29. /ARKA/. Armenia's National Security Service (NSS) said it has arrested the head of an economy ministry department in charge of awarding ... ... committing illegal actions. The National Security Service said the investigation revealed that a company had imported processed diamonds from the United Arab Emirates weighing 1776.84 metric carats at an invoice value of $148.535. The customs value of the ...
01/29/2021Armenia may import oil tar from Russia customs - free
... law "On ratification of the protocol on amendments to the agreement between the Government of the Russian Federation and the Government of the Republic of Armenia on cooperation in the supply of natural gas, petroleum products and rough natural diamonds to the Republic of Armenia dated December 2, 2013", the official site of the Kremlin says. YEREVAN, November 23. /ARKA/. Russian President Vladimir Putin has signed today the federal law "On ratification of the protocol on amendments to the agreement between ...
11/23/2020Russian and Armenian ministers discussed formation of common energy market
... project with the involvement of other partners. At the end of the meeting, a Protocol was signed on introducing the necessary technical changes to the Agreement between Armenia and Russia on the supply of natural gas, oil products and rough natural diamonds. In December 2015, Armenia, Georgia, Iran, and Russia signed a memorandum to increase the level of interoperability of their power grids. It calls for creating the North-South electricity corridor between the energy systems of EEU and the European Union.-0-
10/04/2019Attempt to smuggle 152 carats of diamonds to Armenia foiled in Zvartnots Airport
... /ARKA/. Officers at the Armenian State Revenue Committee’s smuggling prevention division foiled on October 9 an unprecedented attempt of smuggling diamonds, Vardan Vardanyan, the head of the division, told journalists on Wednesday. In his words, diamonds of total weight of 152 carats were barred from being brought to Armenia thanks to the officers’ actions in Zvartnots International Airport. --0---
11/01/2018Armenia to organize alternative supplies of high-quality rough diamonds to domestic market
... alternative supplies of high-quality rough diamonds to the domestic market, Hovhannes Azizyan, deputy economic development and investments minister, told reporters on Tuesday. In his words, the government is taking steps to expand room for supplies of rough diamonds to Armenia. «There are preliminary arrangements and the best conditions are planned to be ensured before the end of this year for purchasing rough diamonds from Russia,» he said. Azizyan said he meant first of all diversification of supplies, which will ...
07/19/2017Armenian government to seek to increase exports to 40% of GDP
... companies in target markets, in particular, with Iran by the end of the year. The government plans also to ensure the mutual recognition of jewelry seals in the territory of the EEU, the introduction of expert laboratories, ensuring the participation of Armenian companies in public procurement procedures on the territory of the EEU, the diversification of the supply of rough diamonds, and the simplification of the export procedure. --0--
06/19/2017VTB bank (Armenia) offers its clients jeweled payment cards
VTB Bank (Armenia) has unveiled an exclusive offer for its premium customers - precious jeweled payment cards from Rosan Diamond Company, decorated with gold and diamonds. YEREVAN, January 27. /ARKA/. VTB Bank (Armenia) has unveiled an exclusive offer for its premium customers - precious jeweled payment cards from Rosan Diamond Company, decorated with gold and diamonds. Using patented state-of-the-art technology, where each card is hand-made and unique, these ...
01/27/2017Armenia’s diamond-cutting industry’s output by 2020 expected to grow to $350-$400 million
... to official data, diamond production in Armenia increased by 39.1% in 2015 to 14.58 billion drams ($30.4 million.). In the first ten months of 2016 it doubled to 24 billion drams ($50 million.). In the first six months of 2016 the export of polished Armenian diamonds amounted to 69,500 carats, a 2.3 times increase from the same time span of 2015. -0-
11/25/2016Shoghakn diamond cutting company to open training center
... to official data, diamond production in Armenia increased by 39.1% in 2015 to 14.58 billion drams ($30.4 million.). In the first ten months of 2016 it doubled to 24 billion drams ($50 million.). In the first six months of 2016 the export of polished Armenian diamonds amounted to 69,500 carats, a 2.3 times increase from the same time span of 2015. Shoghakn now accounts for 35% of Armenia’s cut diamonds. One of the major suppliers of diamonds is Israel. Since 2000 Shoghakn is owned by a prominent businessman ...
11/25/2016Armenia’s exports of cut diamonds set to grow
... further growth in the export of cut diamonds. YEREVAN, September 26. /ARKA/. Vazgen Safaryan, the chairman of the Armenian Union of Domestic Commodity Producers predicts a further growth in the export of cut diamonds. According to statistical data, Armenia’s export of cut diamonds in the first half of 2016 more than doubled from the year before to 69,500 carats. The customs value of exported diamonds amounted to $45 million, up from $29.7 million in the first six months of 2015. The bulk of polished diamonds- about 72....
09/26/2016Armenia’s exports of polished diamonds in the first half more than doubled
... polished diamonds to Russia grew to 38,800 carats during the first six months of 2016 (worth $9.9 million) from 3,000 carats (worth $1.6 million) a year ago. Exports to the UAE grew to 2, 300 carats ($6.9 million) from 1,600 carats ($727,400). Exports of Armenian polished diamonds to Belgium decreased from 9,900 carats ($15.6 million) to 9,500 carats ($15.8 million). According to the National Statistical Service, Armenia’s overall exports in the first six months of 2016 surged by 16.7% year-on-year to $815 million. ($ ...
09/09/2016Armenia records growth in import and export of diamonds in 1st H 2016
Armenia recorded growth in import and export of diamonds in the first half of this year, Artsvik Minasyan, economy minister, said Friday at a Cabinet meeting. YEREVAN, July 29. /ARKA/. Armenia recorded growth in import and export of diamonds, Artsvik Minasyan, economy minister, said Friday at ...
07/29/2016$25 million invested by United Arab Emirates in different segments of Armenia’s economy in 2015
.... «Over the first five months of this year, we have sent to the United Arab Emirates commodities worth $13.5 million against the $3 million exported over the same period a year earlier.» The growth was mostly due to the increase in the volumes of diamonds, jewelry and cigarettes Armenia exported to the United Arab Emirates. The parties still think that there is room for building up trade turnover between the countries. Armenia's processing industry, greenhouse farming, agriculture and jewelry industry were pointed out as likely ...
07/25/2016Armenia’s diamond exports shrink 40.3% in 2015
Armenia’s diamond exports shrank 40.3% in 2015 from 160,100 carats to 95,500 carats, the Armenian customs service reports. YEREVAN, April 21./ARKA/. Armenia’s diamond exports shrank 40.3% in 2015 from 160,100 carats to 95,500 carats, the Armenian customs service reports. The customs cost of the exported diamonds was $67.4 million in 2015 against $117.8 million in 2014. According to the report, 63.2% of Armenia’s diamond exports go to Belgium, Russia and the United Arab Emirates. Armenia’s diamond exports to Russia and Belgium shrank in 2015 while ...
04/21/2016Gross embezzlement scandal rocks Israel’s diamond exchange
... diamond dealer is said to have embezzled jewels worth tens of millions of dollars, and police suspect that some of his family members may also be involved, The Times of Israel reported on Wednesday. Hanan Abramovich was arrested on Tuesday over cash and diamonds he allegedly owes to traders and members of the Israel Diamond Exchange, located in the central city of Ramat Gan. The fraud unit of the Tel Aviv Region police is investigating the case, Channel 2 news reported. According to the The Times of ...
04/21/2016Minister: Armenia’s jewelry and diamond processing industry expected to see a more than 30% growth in 2016
... diamonds, ‘"said Minasyan. "For the development of this industry such factors as currency exchange rates, availability of skilled specialists, a platform for the sale of polished diamonds, proper branding and marketing are very important. Armenia-processed diamonds are very competitive in the world,' Minasyan said. According to the National Statistical Service, the jewelry production output increased by 61% in 2015 to over 18 billion drams. Nine diamond cutting companies employ a total of 400 people. In ...
04/12/2016Bagezian LLC to invest $68.5 million in Armenia’s jewelry industry
... government approved the decision to create Meridian free economic zone. Investments in Meridian free economic zone amounted to about $10 million. Meridian is a unique platform with cluster infrastructure for producing jewelry and watches and for cutting diamonds. Its area exceeds 25,000 square meters. According to the National Statistical Service, Armenian jewelry industry’s output grew 61% in 2015 to AMD 18 086.6 million. ($1 – AMD 480.73). --0--
03/25/2016Russian government to discuss customs free deliveries of natural gas, petroleum products and natural rough diamonds to Armenia
The Russian government will discuss a draft law on the ratification of the protocol amending the Armenian-Russian agreement on customs free deliveries of natural gas, petroleum products and natural rough diamonds to Armenia, the press service of the Russian Cabinet said. YEREVAN, March 24. /ARKA/. The Russian government will discuss a draft law on the ratification of the protocol amending the Armenian-Russian agreement on customs free deliveries of natural gas,...
03/24/2016Petrol prices may rise in Armenia in April – economist
... and 6% cheaper respectively in January 2016, compared with December 2015, and 15.1% and 16.3% cheaper than in January 2015. In December 2013, Armenian and Russia presidents signed an agreement to lift Russian export duties from oil products, rough diamonds and natural gas exported to Armenia. Export of no more than 300,000 tons of oil products to Armenia every year is free from duty. This volume fully caters for Armenia's needs. ---0--
03/03/2016Armenia’s jewelry output built up 61% to AMD 18 086.6 million in 2015
... output 61% over 2015 to AMD 18 086.6 million, the National Statistical Service of Armenia reports. YEREVAN, February 4. /ARKA/. Armenian jewelry industry built up its output 61% over 2015 to AMD 18 086.6 million, the National Statistical Service of Armenia reports. Some 990.100 kilograms of jewelry were produced in 2015 against 1,236,600 kilograms in 2014. According to the statistical report, 81,346 carats of diamonds were produced in 2015 against 59,712 carats one year earlier (36.2% growth). Exports of precious and semiprecious stones, precious metals and jewelry made of them totaled AMD $206 million in 2015 showing a 10.6% year-on-year decline, and imports ...
02/04/2016Russia exempts deliveries of natural gas and petroleum products to Armenia from export duties
... exempted from export duties indefinitely, the Russian ministry said in a statement. The protocol amends the agreement signed by the two governments in 2013 December on cooperation in the field of supplies of natural gas, petroleum products and rough diamonds to Armenia. The changes envisaged by the protocol were designed to bring the bilateral legal framework in line with the provisions of the Treaty on the Eurasian Economic Union (EEU). -0-
12/30/2015Armenia and Russia to amend bilateral agreement
... Thursday approved a set of amendments to an agreement it signed with Russia on December 2, 2013. Energy and natural resources minister Yervand Zakharyan reminded that the agreement is about supply of Russian natural gas, petroleum products and raw diamonds to Armenia. YEREVAN, December 29. /ARKA/. The Armenian government on Thursday approved a set of amendments to an agreement it signed with Russia on December 2, 2013. Energy and natural resources minister Yervand Zakharyan reminded that the agreement ...
12/29/2015American investors already interested in many opportunities in Armenia
... Armenia was $1 million in 2013, and rose significantly this year with the purchase of the Vorotan Hydro Cascade by ContourGlobal, a U.S.-based firm. U.S. goods imports from Armenia in 2014 totaled $96 million and included aluminum, woven apparel, brandy, diamonds, and processed fruit and vegetables. Total Armenian foreign direct investment in the United States was $1 million in 2013. «The U.S. remains one of Armenia’s most vital and important trade partners. That is a testament to our countries’ close, historical ties – economically, politically,...
12/07/2015Four percent growth good but not sufficient, minister says
... not only for imports of goods, but also of exports. As an example, he cited partnerships with African countries in the jewelry sector, stressing that over two years of cooperation 18 jewelry enterprises were set up in Armenia, and about 98% of rough diamonds are processed in Armenia, not re-exported.-0-
10/08/2015Russia to donate $42 million to Armenia to help implement its EEU joining 'road map"
... Armenian economy, first of all into infrastructure, energy and rail transport projects," he added. According to him, the Armenian-Russian cooperation in virtually all areas is very high. "Recently we have signed 11 intergovernmental agreements,... ... including such landmark agreements as on cooperation in the field of nuclear safety and in the supply of gas, oil and rough diamonds,’ Sokolov said. Sokolov also said that despite the change in the economic situation in both countries as a result of ...
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