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Export orders exceeds 1 billion drams

Economy
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After the “JUNWEX Moscow” international exhibition in October, Yerevan Jewelry Factory “Gnomon” signed a new 480 million dram export contract. The export will be directed to Russia. As a result of the contract, the volume of orders received as a result of the jewelry exhibition exceeded 1 billion drams. During the exhibition days, deals worth more than 580 million drams were signed for the Armenian jewelry export. "I am convinced that as a result of consolidation of ordering procedures, the orders of Armenian jewelry products from Russia and YATM countries will significantly increase," said Vahe Safaryan, coordinator of Armenian companies' participation in the exhibition. At the moment, Russia and Kazakhstan are also negotiating export of jewelry for another 24 million drams.