The diamond industry in Armenia is a significant part of the country's manufacturing and exports. Armenia is a major supplier of diamond.[1]

Overview

Armenia, a country without many mineral fuels, is known for its diamond processing industry.[2][3] 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.[4][5] In 1999, the diamond industry provided about 30% of total manufacturing exports from Armenia.[6] 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.[4][5]

Today, over 50 diamond-cutting companies operate in Armenia.[1] The estimated number of people involved in the industry is about 3,000 to 4,000.[1][5] 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.[5] Most diamonds polished in Armenia come from Israel, Russia and several EU countries, most notably Belgium.[7][1]

Armenian Jewelers Association

In 1998, the Armenian Jewelers Association (AJA) was founded by Armenian jewelers from around the world.[8] 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."[9]

Armenian diaspora

One of the important sectors that Armenian communities in Antwerp excel and involved in is the diamonds trade business,[10][11][12][13][14] that based primarily in the diamond district.[15][16] Some of the famous Armenian families involved in the diamond business in the city are the Artinians, Arslanians, Aslanians, Barsamians and the Osganians.[17]

See also

References

  1. 1 2 3 4 Danielyan, Emil (13 February 2005). "Diamond Industry Slump Slows Armenian Growth". The Open Society Institute. Archived from the original on 8 December 2009. Retrieved 15 November 2012.
  2. ↑ Aldosari, Ali (2007). Middle East, western Asia, and northern Africa. Tarrytown, NY: Marshall Cavendish. p. 778. ISBN 9780761475712.
  3. ↑ Coene, Frederik (2010). The Caucasus: an introduction (1. iss. in paperback. ed.). London: Routledge. p. 19. ISBN 9780415486606.
  4. 1 2 Grigorian, Karen (9 July 2012). "Reviving and Improving the Diamond Industries of Armenia and Lesotho". The World Bank Group. Archived from the original on 16 April 2013. Retrieved 14 November 2012.
  5. 1 2 3 4 Grigorian, Karén (April 2012). "Diamond Production and Processing: What Armenia can Learn from an Intra-Regional Exchange on the Diamond Trade". The World Bank Group. Retrieved 14 November 2012.
  6. ↑ The World Bank (2002). Growth challenges and government policies in Armenia. Washington, DC. p. 36. ISBN 9780821350898.{{cite book}}: CS1 maint: location missing publisher (link)
  7. ↑ Russia & Eurasia Facts & Figures Annual, Volume 28, Part 2. Academic International Press. 2002. p. 5.
  8. ↑ "History". Armenian Jewelers Association. Retrieved 14 November 2012.
  9. ↑ "Mission". Armenian Jewelers Associations. Retrieved 14 November 2012.
  10. ↑ Inside Knowledge: Streetwise in Asia p.163
  11. ↑ Global Trade and Commercial Networks: Eighteenth-Century Diamond Merchants
  12. ↑ History of Diamonds - Belgium
  13. ↑ Indians shine antwerp diamond centre polls International Business Times
  14. ↑ Belgium Real Estate Yearbook 2009 p.23
  15. ↑ Facts & Figures: Antwerp and Diamonds
  16. ↑ The Global Diamond Industry: Economics and Development, Volume 2 p.3.6
  17. ↑ THE ARMENIAN OF BELGIUM: AN UNINTERRUPTED PRESENCE SINCE THE 4TH CENTURY
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