ARMENIA’S SECTOR REPORTS 70% GROWTH
YEREVAN (Armenpress)–The sixth international exhibition Jewelry 2003 opened today in Yerevan to display items of 50,000 individual goldsmiths–jewelers and small plants. The chief executive manager of the Yerevan Jewelry Plant Emil Gabrielian–attributed this year’s increased representation to favorable legislation which will most likely allow for further development of the sector.
Gabrielian suggested making jewelry exhibits free trade zones to substantially increase Armenia’s visibility in the world market–and eventually attract the biggest jewelry companies in the world engaged in retail trade.
Armenian president Robert Kocharian attended opening ceremonies and indicated that this sector of the economy has been declared one of the priorities of the government’s economic policy. "Today we are witnessing the result of this policy," he said.
Armenia’s jewelry and diamond cuttings sectors reported a 70 percent growth last year.