Sectorial Brochure Jewelry Sector of Armenia/ BA | Page 3

EXPORT GOLD 2014 2017 16.6% JEWELRY (UNWROUGHT, SEMI MANUFACTURED IN POWDER FORM) CONTAINING PRECIOUS METALS +12.1% +106.2% IN 2017 IN 2017 AVERAGE ANNUAL GROWTH £ Constitutes 13% of Armenian total export £ In 2017, the share of gold, diamonds and jewelry containing precious metals was 50.5%, 33%, and 12.4%, respectively in total jewelry exports £ Export of jewelry, precious metals and precious stones was worth about $291 million in 2017 £ 52.6% of Armenian jewelry, precious metals and precious stones were exported to Switzerland in 2017 99.7% of gold (unwrought, semi-manufactured, in powder form) was exported to Switzerland in 2017 Main export destinations in 2017 ARMENIAN JEWELRY INDUSTRY EXPORT DESTINATIONS 52.6% Switzerland ARMENIAN DIAMONDS EXPORT DESTINATIONS Belgium Russia 12.9% Russia UAE 12.6% UAE 9.2% Belgium Thailand 3% 2.9% Thailand USA USA 2.7% Switzerland 1.3% Israel 0.9% Belarus 0.4% 27.2% 12.9% 8.7% Canada Canada Turkmenistan 27.6% Israel 8.3% 6.6% 5.7% 2.5% Hong Kong 0.3% Germany 0.1% Source: Customs Service of RA 2