Armenia diamond exports surge!

Exports 230% higher YoY

Armenia exported 643.6 thousand carats of diamonds in 2018, which is 2.3 times higher than a year ago. The customs value was $ 77.2 million, with an annual decline of 19.7%. According to the RA Customs Service, diamonds from Armenia are mainly exported to the USA (57.8%), UAE (24.8%) and Russia (10.9%) as well as to Belgium (3.7%) and Canada (1.2%).

According to customs data, a positive trend was recorded and imports of products of the cutting industry, in particular, in quantitative terms, supply volumes increased by 18.2%. Thus, during the reporting year, 610.8 thousand carats of rough diamonds were imported into the republic, worth $ 172.3 million (with an annual growth of 14.2%).

Primarily, rough diamonds are imported to Armenia from the United Arab Emirates (52.6%) and India (13.7%), as well as from Switzerland (7.8%), the Russian Federation (6.4%) and Belgium (5.9%), Canada (5.2%); United Kingdom (4.2%); Israel (1.5%).

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