Luxury & Fashion

Apr 1, 2015

Golden Armenia

Armenians are one of the most ancient peoples of the world. Their arts date back to thousands of years. However, the Armenian arts, as such, took their own national features in the Middle Ages due to the development of architecture, music, literature, fine and applied arts (jewelry, pottery, rug and carpet making). 

Armenia is a country without many mineral fuels, is known for its diamond processing industry. The industry was established during the Soviet era and is considered one of the traditional sectors of Armenia's economy. After the collapse of the USSR in 1991, the production declined gradually, but was later recovered with the investments from the Armenian diaspora. In 1999, the diamond industry provided about 30% of total manufacturing exports from Armenia. The industry started to show some slow decline again in mid-2000s, because of increase in the cost of production instruments and increase of output in Chinese and Indian markets.

Today, over 50 diamond-cutting companies operate in Armenia. The estimated number of people involved in the industry is about 3,000 to 4,000. Some of the advantages of Armenia in diamond-cutting industry are the presence of a large number of ethnic Armenian jewelers abroad, who are willing to invest in the country and in its access to Russian and international markets.

"Mina De Oro" has begun its history in 2007. Despite of its young age, the company has become a bright, fast-growing jewelry enterprise. The unique distinction of "Mina De Oro" is its specialization in jewelry production of high grade gold, with diamonds and precious stones of the first group.

 The dynamic development, the implementation of new technologies, the creation of new collections, and the daily work of highly skilled professionals are directed to please our customers with the jewelry of different stylistic tendencies. Professionalism, the latest technologies and creative potential of our employees are the basis of industrial activities of the jewelry company "Mina De Oro".

In 1998, the Armenian Jewelers Association (AJA) was founded by Armenian jewelers from around the world. Its mission is to "promote Armenian jewelers globally. Bringing together Armenian Jewelers and developing the jewelry industry in Armenia is a mission of great importance.

Gagik Gevorgyan, president of the Armenian Jewelers' Association and the Russian Jewelers' Guild Association, says:
"There are several countries in the world that are famous with their jewelry production quality level, and Armenia is one of them. We believe Armenian jewelers have a high level of professional quality work and great potential. Armenia's geographic location has a potential to connect Asia and Europe, which itself is a great potential. Moreover, Armenia is the only country in the world where the state celebrates the Jeweler's Day, which is the last Sunday of October. This is when our organization holds Yerevan Show. There is great interest to this show and this year we are hosting people from 25 countries. We attach importance to educating skilled jewelers, and for this purpose AJA has signed a cooperation memo with the ministry of education of Armenia. The goal of this policy is boosting this sector and educating highly qualified specialists in Armenia." 

Present industry growth

The results of the first 6 months of 2011 compared to the same period of 2010 show 6,5% growth in the field of jewelry industry with total AMD4,7 billion product realization.

Hayk Mirzoyan, Head of Industry Issues Department of Armenian Ministry of Economy told journalists in Yerevan that export growth of total AMD4,4 billion is also registered.

Within the frames of Armenian Jewelers Association exhibition, dedicated to the 20th anniversary of Armenia's independence, Yerevan hosted "The role of AJA in integrating Armenia's jewelry industry into the international society of jewelers" conference. The conference addressed issues of collaboration between Armenia's state structures and leading Armenian jewelry companies.

"We hope that the exhibition and the conference will enable Armenian jewelers to better familiarize themselves with Armenia's investment and business spheres, with it undergoing considerable changes in terms of opening new production lines," he emphasized.

Famous Armenian Jewelers from USA, Canada, Switzerland, Russia, France, Italy, Thailand, Lebanon and other countries take part in the three-day exhibition. Well known jewelry brands, belonging to the country's Diaspora compatriots, such as Estate, Haytayan, Bergio, Tacori, Waskol, Yesayan Jewellery expressed willingness to participate in Yerevan Show.

More Articles


  • 01-Galop-DHermes.nocrop.w710.h2147483647.2x

    Luxury & Fashion

    Jul 1, 2017


    The new women's perfume bottle of iconic Galop d'Hermès is inspired by the original, from 1930, for the opening of the first Hermès store in New York, United States. Let's go back almost one century.

  • NovaBateria01


    May 1, 2017

    The batteries of the future are here

    With and age of 94 years old we would expect that John Goodenough would slow his rhythm, yet the inventor of the Lithium-ion batteries that have allowed us to increase the longevity of our cellular phone use and the development of...

  • Depositphotos_50352095_xl-2015

    Lifestyle & Travel

    Apr 28, 2018


    The generation that was born and grew between the 1980's and 90's, lived the digital, technological social and economic revolution which our world has suffered

  • 01

    Business & Industry

    Feb 1, 2017


    Alentejo 2020 – the Regional Operational Program to Alentejo for the period between 2014-2020 is the result of the work developed with the cooperation and partnership of different regional representatives from different sectors (political,...


    Helthcare & Wellness

    Sep 12, 2018


    Several fields of medicine clearly demonstrate the major importance of feeling good inside our skin. And, unlike what happened until the middle of the 20thcentury, it's not unusual, today, to find male persons committed...

  • Furoshiki

    Home & Design

    Jun 1, 2017


    Furoshiki is the name of the traditional Japanese art of wrapping objects in cloth. Now, from the hands of the Italian brand Vibram, this art is also applicable to feet.

  • Technology

    Mar 1, 2015

    The Seeds of Life

    Farmers feed the planet. The seeds they plant today will be the food we eat tomorrow. See how they face whatever comes their way. New Holland Tractors help them in that same challenge, in countries very far and different from each other. 


  • 1

    Food & Beverage

    Aug 1, 2015

    Strawberries everywhere!

    There's a place in the world where you can truly say that there are fields of strawberries until where the eye can see. That place is Finland! Here, you can pick the best wild strawberries yourself, from the very many farms throughout...

  • Dressed in Ambition

    Luxury & Fashion

    Feb 29, 2016

    Dressed in Ambition

    In the 21st century, to be a woman is not the same as before. How does a successful woman dress today? No longer have we the laws to measure their skirts, or the ideals that stop them from having a job. A successful woman...