Tue, 26 August
26.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

European market not perspectives for Armenian jewelry- AJA President

YEREVAN, October 30. /ARKA/. Armenian jewelers are not focusing on the European market today, as it is not perspective for them due to the crisis, a president of Armenian Jewelers Association (AJA) Gagik Gevorgyan said Tuesday.

“We are more interested in the Russian market. Also, the Armenian jewelers are efficiently working at China’s markets, Hong Kong, and, of course, the USA. As to the European market, it is in a deep crisis now, and we don’t have big plans with it,” Gevorgyan said at “Prospects for Armenian jewelry development” conference in Yerevan.

Many jewelers, according to him, who live in the Arabic countries, want to visit Armenia and work here, as the situation at the markets of the Middle East is unstable.

He also said a number of Arabian jewelry companies had been already interested in opening branches in the free economic zone in Armenia. However, he didn’t name these companies.

“Prospects for Armenian jewelry development” conference is held within the framework of the Second jewelry exhibition, where one can find works of jewelers from 20 countries worldwide, such as Armenian, Russia, the U.S., Thailand, Italy, France, Lebanon and India.

The Armenian Jewelers Association (AJA) was established in 1997. It is one of the first international trade association in Armenia. AJA’s goal is to bring Armenian jewelers together to develop the country’s jewelry industry. The Association has regional representatives on the west and east coasts of the U.S., Europe, the Middle East and in Armenia. ($1 – 405.73 drams). -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

LATEST NEWS

spot_imgspot_imgspot_img