Europe and Central Asia Knowledge Brief

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This is a regular series of notes highlighting recent analyses, good practices, and lessons learned from the development work program of the World Bank’s Europe and Central Asia Region.

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  • Publication
    Diamond Production and Processing : What Armenia can Learn from an Intra-Regional Exchange on the Diamond Trade
    (World Bank, Washington, DC, 2012-04) Grigorian, Karén
    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.