Sectorial Brochure Jewelry Sector of Armenia/ BA | Page 9

1
SUCCESS STORY / PATILA LLC
Patila LLC is a member of the group of companies "BaG," which has 30 years of history in
the international jewelry industry and more than 10 thousand trademarks. Istanbul-
based Armenian jeweler Efrin Bag, the Head of the Board of Directors of “BaG” Group, has
established the group’s subsidiary company, "Patila" LLC, in Armenia. Aiming to
ultimately capitalize on the privileges of preferential trade conditions Armenia has with
EAEU, EU, USA and other countries, Efrin Bag has already invested $3 million in
Armenia's jewelry industry building this new plant.
The investment will result in about 70 new well-paid job openings, projected to more
than double within two years. The company intends to export its jewelry to Russia, EAEU
and EU, as well as to UAE, the US, Canada and Hong Kong.
SUCCESS STORY / GNOMON
GNOMON is the largest jewelry manufacturer in Armenia and in the region, employing
more than 250 people in Yerevan. Jewelry is exported to the CIS countries, the US, Arab
countries, Central Asia and is about to enter the Iranian market.
Created back in 1950, the Gnomon plant produces a wide range of articles like rings,
earrings, necklaces, pendants, brooches, bracelets and chains with precious, semi-
precious and synthetic stones, using the latest modern technologies and highly qualified
specialists. The plant also produces “Gnomon” watches targeting men and women with
movements from Swiss “ETA”, “Ronda”, Japanese “Citizen” and Russian “Polyot”
companies. The brand is registered in Switzerland, Germany and Russia. Gnomon is also
known for its fast diamond cutting process, which takes a single day instead of several
days to a week, the case for Gnomon's foreign competitors. It has already received
significant international investments and is a constant exhibitor at prestigious jewelry
shows organized in Las Vegas, Miami, Dubai, India, Italy, Switzerland, Turkey, Moscow,
Saint Petersburg, Kiev, etc.
SUCCESS STORY /
AGOPIAN JEWELLERS
Agopian Jewellers CJSC, founded in 2005, is one of the leading jewelry companies in
Armenia. The company produces refined and elegant jewelry made of 14K and 18K gold
with diamonds and semi-precious stones of di erent shapes and colors.
The Company exports its products to Thailand, US, Spain, China, Russia, and other
countries. “Agopian Jewellers” is a frequent participant of international and local jewelry
exhibitions. During its existence, the Company has established itself as a reliable partner
and manufacturer of high quality jewelry.
8