INDIAN COMPANY INTENDS TO MAKE LARGE INVESTMENTS IN ARMENIAN JEWELRY

PanARMENIAN.Net - "RosyBlue" largest Indian company, engaged in diamond cutting, intends to invest $5 million in the jewelry of Armenia in 2004. A group of "RosyBlue" representatives has arrived in Armenia for that purpose, visiting a number of local jewelry enterprises, reported company co-founder Harshad Meta. In his words, the volume of commodity turnover when realizing the project in question is expected to make $15 million annually. The US will be the main market, although part of the production is planned to be sold at the local market. It should be noted that "RosyBlue" has already been in Armenia for over three years, investing into the jewelry industry over $15 million within that period.