Sectorial Brochure Jewelry Sector of Armenia/ BA | Page 2

JEWELRY INDUSTRY IN ARMENIA
KEY FACTS
Precious metal jewelry
exports increased by
106.2% in 2017
The production of
jewelry industry (jewelry,
precious metals and
precious stones) grew
by 35.7% in 2017
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
2 nd largest exporter of
diamonds in the
CIS region
1
Main products:
diamonds, gold and
precious metal jewelry