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The
diamond Diamond is a solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic The diamond cubic crystal structure is a repeating pattern of 8 atoms that certain materials may adopt as they solidify. Wh ...

diamond
industry in
Armenia Armenia (; hy, Հայաստան, translit=Hayastan, ), officially the Republic of Armenia,, is a landlocked country located in the Armenian Highlands of Western Asia.The UN]classification of world regions places Armenia in Western Asia; the ...
is a significant part of the country's manufacturing and exports. Armenia is a major supplier of diamond.


Overview

Armenia Armenia (; hy, Հայաստան, translit=Hayastan, ), officially the Republic of Armenia,, is a landlocked country located in the Armenian Highlands of Western Asia.The UN]classification of world regions places Armenia in Western Asia; the ...
, a country without many mineral fuels, is known for its diamond processing industry. The industry was established during the Soviet era and is considered one of the traditional sectors of Armenia's economy. After the collapse of the Soviet Union in 1991, the production declined gradually, but was later recovered with the investments from the Armenian diaspora. In 1999, the diamond industry provided about 30% of total manufacturing exports from Armenia. The industry started to show some slow decline again in mid-2000s, because of increase in cost of the production instruments and increase of the markets in China and India. Today, over 50 diamond-cutting companies operate in Armenia. The estimated number of people involved in the industry is about 3,000 to 4,000. Some of the advantages of Armenia in diamond-cutting industry are the presence of a large number of ethnic Armenian jewelers abroad, who are willing to invest in the country and its access to Russian and international markets. Most diamonds polished in Armenia come from Israel, Russia and several EU countries, most notably
Belgium Belgium ( nl, België ; french: Belgique ; german: Belgien ), officially the Kingdom of Belgium, is a country in Western Europe. It is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to the s ...
.


US Embassy report

On August 26, 2011,
WikiLeaks WikiLeaks () is an international Nonprofit organization, non-profit organisation that publishes news leaks and classified media provided by anonymous Source (journalism), sources. Its website, initiated in 2006 in Iceland by the organisation Su ...
released a report of the US Embassy in Yerevan dated December 12, 2003 named ''Armenia: Report on Kotayk Province'':


Armenian Jewelers Association

In 1998, the Armenian Jewelers Association (AJA) was founded by Armenian jewelers from around the world. Its mission is to "promote Armenian jewellers globally. Bringing together Armenian Jewellers and developing the jewelry industry in Armenia is a mission of great importance."


Armenian diaspora

One of the important sectors that Armenian communities in Antwerp excel and involved in is the diamonds trade business, that based primarily in the Antwerp diamond district, diamond district. Some of the famous Armenian families involved in the diamond business in the city are the Artinians, Arslanians, Aslanians, Barsamians and the Osganians.


See also

*Economy of Armenia


References

{{reflist, 2 Diamond industry Economy of Armenia Diamond industry in the Soviet Union