Russia Increases Volumes of Diamond Deliveries to Armenia

YEREVAN (Armenpress)–A senior official of the Armenian trade and economic development ministry said the Indian Rose Blue company–running Dymotech diamond cutting plant in the Armenian town of Talin (Shirak province)–plans to increase the number of staff up to 1,500 people by the end of the year.

Gagik Mkrtchian–head of a department dealing with jewelry and goldsmith production–said the company now employs 300 people–but every other ten days it hires about 50 new employees from the town and nearby villages in order to train them.

The company buys raw diamonds from Russia–South Africa and Belgium. Armenian Trade and Economic Development Minister Karen Chshmaritian is expected to sign a Russian-Armenian inter-government agreement on delivery of Russian raw diamonds soon–according to which–in 2002-2004 Armenia will be receiving 400,000 carats from Russia annually.

Increased volumes of imported diamonds should give a boost to development of engineering construction–in which a Russia-based company International Business Center–led by ethnic Armenia’s–is implementing a series of investment projects.

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