Armenia’s polished diamond production, at US$171.3 million, fell by 22 percent in first nine months of 2006 compared to the first nine months of 2005, says a spokesman for Armenia’s Trade and Economic Development Ministry. Sales of polished diamonds fell 20.1 percent to US$173.1 million, while exports were down 21.3 percent to US$168.4 million.
The drops were attributed to a fall in world prices for cut and polished diamonds combined with a weaker dollar in Armenia.
http://www.diamondintelligence.com/magazine/magazine.asp?id=4349
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