Grigorian, Karén2012-08-132012-08-132012-04https://hdl.handle.net/10986/10048There 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.CC BY 3.0 IGOADVERTISINGBRANDBRAND LOYALTYBRANDSBROKERBUSINESS CLIMATEBUSINESS ENVIRONMENTCAPACITY BUILDINGCLIMATECOMPETITIVENESSCOST OF PRODUCTIONDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPING ECONOMIESECONOMIC BENEFITSECONOMIC CONDITIONSECONOMIC DEVELOPMENTEPZEXPORT PROCESSING ZONEEXTERNAL SHOCKSFACTORS OF PRODUCTIONFAIRFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTFISCAL POLICIESFOREIGN DIRECT INVESTMENTFREE MARKETHARMONIZATIONHOME COUNTRYHUMAN RESOURCEHUMAN RESOURCESINSTRUMENTINTERNATIONAL BEST PRACTICESINVESTMENT CLIMATEJOB CREATIONJURISDICTIONLABOR PRODUCTIVITYLIVING STANDARDMANUFACTURING INDUSTRYMARKET FORCESMARKET LEADERSMARKET NICHEMARKET VALUEMARKETINGNATURAL RESOURCEPOLICY APPROACHPOLICY MAKERSPRICE CHANGESREGIONAL EXCHANGEREGULATORSREPUTATIONRETAILRETAIL PRICERETURNSUPPLY CHAINSUSTAINABLE GROWTHTAXTAX INCENTIVESTRADINGTURNOVERWorld Bank10.1596/10048