Sahag Arslanian Appointed VP of Armenian Jewelers Association During Key Period of Growth in Armenian Diamond Sector

Antwerp’s Sahag Arslanian joins the Armenian Jewellers Association as its newly appointed Vice President. He is currently director of the Arslanian Group as well as vice president of the Antwerp World Diamond Centre.

The group also appointed Ivette Nersesyan-Stephanopoulos as its new president. Based in New York City, Nersesyan-Stephanopoulos is vice president of code of origin and trade services at De Beers.
Gary Fattal, owner of Dubai-based Gary Fattal Diamonds, is now the association’s new treasurer. Lauren Movsesian, the Los Angeles-based vice president of operations at Liberty I. Exchange, will become its new secretary.

Exports of processed diamonds from Armenia is growing from year to year, with more than $400 million worth diamonds exported in 2022, Economy Minister Vahan Kerobyan said in a public statement.

"In 2020 we had a total export of processed diamonds of about $75 million, in 2021 it grew to about $175 million, and in 2022 to over $400 million," Kerobyan said.

The Economy Minster indicated that higher figures are planned for 2023, since last year some of the world's leading diamond companies launched projects to establish processing plants in Armenia, which are now nearing completion.