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December 13, 2024KGK Group to open diamond-manufacturing plant in Armenia
India’s largest diamond processing company KGK Group will open a diamond manufacturing plant in Armenia. India’s largest diamond processing company KGK Group will open a diamond manufacturing plant in Armenia, announced Economy Minister Vahan Kerobyan.
Kerobyan noted that KGK Group, which accounts for 8% of the global polished diamond market, will open the plant in the town of Abovyan within 1-2 months. “In 2020, Armenian exports of processed diamonds amounted to $200 million, and this year this figure is expected to double,’ he said, adding that that will be the largest ever amount of diamond exports.
According to the minister, KGK Group is expected to export $300 mln worth of processed diamonds from Armenia next year.
Founded in India in 1905, the KGK Group today has a global presence across 17 countries and has evolved as one of the most preferred brands in the Gems & Jewellery industry.
