Armenia has no competitor in the world in the production of Triple Excellent diamonds, Lori Diamond Jewelry Company’s director Isahak Aghajanyan told Economy Minister Tigran Davtyan, when the Minister visited the Company’s factory, on Wednesday. 

Triple Excellent means triple quality. These are heart-, or bow-and-arrow-, shaped designed diamonds which have a fairly high price in the international market. As per Aghajanyan, the self-value for designing a one-carat such diamond is US$ 140, in Europe, but this was able to be reduced to up to $40, in Armenia. And since the quality is flawless, orders are placed from almost the entire world. “We have virtually no competitors in the market for such diamonds; this has become Armenia’s brand,” Isahak Aghajanyan told the Minister.