RUSSIA INCREASES VOLUMES OF DIAMOND DELIVERIES TO ARMENIA

[MosJan]

RUSSIA INCREASES VOLUMES OF DIAMOND DELIVERIES TO ARMENIA

YEREVAN, MARCH 28, ARMENPRESS: A senior official of the Armenian trade and economic development ministry said the Indian Rose Blue company, running Dymotech diamond cutting plant in the Armenian town of Talin, province of Shirak, plans to increase the number of workers up to 1,500 people until the end of the year.

Gagik Mkrtchian, head of a department dealing with jewelry and goldsmith production, said the company now hires 300 people, but every other ten days it hires some 50 new people from the town and nearby villages to train them.

Armenian trade and economic development minister Karen Chshmaritian is expected to sign soon a Russian-Armenian inter-government agreement on delivery of Russian raw diamonds, according to which, in 2002-2004 Armenia will be receiving annually 400,000 carats from Russia, and 450,000 in the next two years.

The same agreement will also define the volumes of the so-called technical diamonds, to be shipped to Armenia. Gagik Mkrtchian said in 2002 it will be 400,000 carats, increasing by 100,000 carats each consecutive year, making 800,000 carats for 2006.

Increase in the volumes of imported technical diamonds is expected to give a boost to development of engineering construction, in which a Russia-based company International Business Center, led by ethnic Armenians is implementing a series of investment projects.

[MosJan]

Russia has pledged to send 2.1 million karats of unprocessed natural diamonds to Armenia in the period of 2002-2006

 

 

 

Russia has pledged to send 2.1 million karats of unprocessed natural diamonds to Armenia in the period of 2002-2006. Today an agreement on this has been signed by the Armenian Minister of Trade and Economic Development and the Russian First Deputy Minister of Finance. The Armenian Minister, Karen Tchshmaritian, said that the guaranteed long-term supply of Russian raw materials will help increase the volume of production in the Armenian diamond cutting industry and will ensure new investments.