Armenia’s diamond exports and imports both continued to post double-digit declines in the first half of 2026, according to data from the country’s Customs Service.
The figures show that diamond exports totaled 73.7 thousand carats, down 62.2% from the same period a year earlier. At the same time, the customs value of those exports fell by 14.1% to $51.3 million.
Russia remained the main export destination, accounting for 59.8% of the total, followed by the UAE with 27.3%. Smaller shares went to Belgium at 5.8% and Israel at 4%. Limited volumes were also shipped to the US, Thailand, Georgia, Canada, Germany, Belarus and Norway.
On the import side, Armenia brought in 115.2 thousand carats of diamonds during the reporting period, a year-on-year decline of 52%. The customs value of imported diamonds also dropped, falling 23.7% to $49.4 million.
India was the leading supplier with a 46.4% share, followed by the UAE at 27.4%. Canada accounted for 4.8% and Hong Kong for 4%. Smaller volumes also arrived from Belgium, Namibia, Angola, Botswana, Israel, South Africa, Brazil, China, Japan, Lebanon, Russia and Tanzania.
At the same time, official statistics show that output in Armenia’s jewelry industry rose 17% year on year in the first half of 2026, reaching 14.5 billion drams, or $39.5 million.
Over a two-year period, the share of precious metals and stones in Armenia’s export structure fell from 71% to 17%, while their share in imports declined from 55% to 6%. By the end of the first half of 2026, those volumes stood at $589 million and $394 million respectively.
