Belgium is the main importer of Armenian diamonds, although certain diversification occurred in 2011, News.am reports.
According to the Committee of State Expenses of Armenia, 351,000 carats of diamonds worth $113 million were sold in 2011. 476,000 carats worth $92 million were sold in 2010.
Diamonds worth about $70 million were exported to Belgium (62% of all diamond exports). The US purchased diamonds worth a total of $6 million, Hong Kong’s Lori purchased worth $1.8 million.
The United Arab Emirates bought diamonds worth $6 million, increasing imports fourfold, compared with 2010. Canada increased exports threefold.
India halved imports of diamonds from Armenia, totaling $2.4 million, in 2011. Switzerland has minimized imports of Armenian diamonds.
