Serzh Sargsyan hopes New Hachn "Shoghakn" factory to reopen in near future

YEREVAN, JANUARY 31, ARMENPRESS: Former agreements and contracts in diamond sphere are gradually being updated. In the course of pre election campaign meeting with Yeghvard residents Armenia's Presidential candidate Serzh Sargsyan to a Province resident question weather New Hachn "Shoghakn" factory would operate in the future and what steps are being taken in the diamond sphere generally, he was quoted as saying '' I hope " Shoghakn" factory will start to work in the near future''.

Presidential candidate recalled diamond production has greatly suffered in Armenia not only as a result of global crisis but before 2007, when the sphere faced problems. Serzh Sargsyan considered possible diamond sphere may again revive in Armenia in the near future.

A few years before diamond production recorded considerable volumes. Diamond processing capacity reached its peak in 2004- 2005, 200 small and large processing factories, 5000 workers were engaged in the sphere then , 1 million carat diamond was cut in a year.