The director of the Association of Jewelers and Gold Entrepreneurs of Armenia, Director of “Yerevan Jewelry Plant” Emil Grigoryan expressed an opinion that Armenia's jewelry industry needs to purchase gold futures contracts, due to the small volume of batches and the volatility of the local market demand. Futures contracts will help to purchase gold at a predictable price.

Note that in 2011 the production of the jewelry industry in Armenia totaled AMD 12.38 billion, up to 13% more than in 2010. Jewelry exports from Armenia in the same year amounted to $ 12,256,000, which is 11% lower than in 2010. Export destinations were Russia, Turkmenistan, Kazakhstan, USA, UAE and other countries.