Indian company opening diamond cutting plant in ArmeniaMarch 3, 2023 - 16:06 AMT PanARMENIAN.Net - The Indian company VDA Diamonds is preparing to open a diamond cutting plant in the town of Abovyan, Armenia, Sputnik Armenia reports. The financial director of the company, Sunil Jain, has said that a building for the factory has already been constructed, part of the necessary equipment has been delivered. The Indian jewelry concern KGK Group – the parent company of VDA Diamonds – will invest funds in the project. In the first 6 months, people behind the project are going to hire about 250 people and are hoping to bring that number to 400-500 in the future. To process diamonds, the company will be using Indian, Swiss and Israeli equipment, implementing the water jet cutting technique. Compared to the mechanical technique, this option provides for a greater accuracy, which means that it allows you to refrain from cutting off extra particles from the diamond, which would reduce its cost. For example, if the size of the diamond is reduced by 10%, from 1 to 0.9 carats, its cost is halved. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |