Jewelry is another much successful and developed sector in the Armenian economy.
The production of the jewelry industry (jewelry,precious metals and precious stones) grew by 35.7% in 2017.
Precious metal jewelry exports increased by 106.2% in 2017. Armenia was the 2nd largest exporter of diamonds in the CIS region Access to a consumer market with 1.5 billion people with 0% or reduced customs duties Competitive labor cost: the average monthly salary in the processing industry is $327. Main products in Armenian jewelry industry are diamonds, gold, and precious metal jewelry.
In the following material, you’ll find the jewelry making industry of Armenia, outlining the market strengths and investment opportunities, as well as a wide range of incentives provided by the Government.
Textile Sectorial Overview Coming soon