// IP Marketing video - START// IP Marketing video - END

Armenia second largest exporter of diamonds in CIS: study

Armenia second largest exporter of diamonds in CIS: study

PanARMENIAN.Net - Business Armenia has released a marketing package presenting investment opportunities in the jewelry sector. According to the research included in the package, Armenia is the second largest exporter of diamonds in the CIS region.

Last year, more than 50% of Armenian jewelry industry production was exported to Switzerland. The sector accounts for 13% of the country's total exports. The jewelry production increased by 36% in 2017 alone and the average annual growth of diamonds processing was more than 50% between 2014 and 2017.

Among the incentives in the jewelry industry is VAT discharge for import and sale of gold and precious stones, no VAT for sale of unfinished gold jewelry as well as the existence of a free economic zone for the companies operating in jewelry, watch-making and diamond cutting industries.

The package is addressed to foreign investors and is presented under “Select Armenia” brand with “Make your move, Select Armenia” slogan.

 Top stories
Armenian companies will participate in the international exhibition of food and beverage ProdExpo on February 11-15.
Armenian Defense Minister David Tonoyan on Tuesday, January 29 met a delegation representing Russia's Kalashnikov Concern
The mill employs 700 in Yerevan, supports thousands of area families, and exports products to U.S. and other markets.
Georgia overtook Azerbaijan in terms of GDP per capita in 2018, while Armenia is expected to achieve the same in 2020.
Partner news