Diamond Production and Processing : What Armenia can Learn from an Intra-Regional Exchange on the Diamond Trade
There is a growing gap worldwide between the rising demand and stagnating supply of diamonds, producing new opportunities for diamond processing countries such as Armenia. Building productive capacity through skills development and technological pr...
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/04/16280505/diamond-production-processing-armenia-can-learn-intra-regional-exchange-diamond-trade http://hdl.handle.net/10986/10048 |
| Summary: | There is a growing gap worldwide between
the rising demand and stagnating supply of diamonds,
producing new opportunities for diamond processing countries
such as Armenia. Building productive capacity through skills
development and technological progress is of central
importance to achieving sustainable growth in diamond
manufacturing countries. Secondary diamond industries are
successful where economic and social conditions are optimal
and supportive. To develop or maintain a competitive edge in
diamond cutting and jewelry manufacture, all countries in
the diamond trade need to constantly develop their human
resources. For diamond producers as well as processors like
Armenia, investment in product branding is worthwhile, and
the promotion of a diamond-based tourism may also be viable. |
|---|