Rapaport reports that Armenia’s polished diamond output increased by 5.5 percent to $63 million, according to the country’s Trade and Economic Development Ministry.

An Interfax report on May 11 said that Shogakn, one of the biggest Armenian cutting plants, boosted output by 79 percent while Lori, another major cutting plant, raised production 22 percent. Jacobs Jewellery Armenia also boosted output by 350 percent.

Sales and exports rose 11 percent to $61.6 million and 12 percent to $61.5 million respectively.