YEREVAN, OCTOBER 19, ARMENPRESS. Armenia has rich watchmaking traditions, which continues till now introducing the Armenian brand production throughout the world. If previously the Armenian production was mainly spread in the Soviet Union, today the watches made in Armenia are much in demand in Japan, Greece, the United States, and Italy. “Armenpress” News Agency had a conversation with the Deputy Chairman of AWI (Armenian watch industry) Company Ourak Krikorian regarding the achievements of the Armenian watchmaking.

Watchmaking as a major branch of economy

There are five companies in Armenia, which are engaged in the production of watches. The watchmaking development program, which was confirmed on July 2013, states that the major manufacturers of the realm are Yerevan Jewellery Plant "Gnomon", AWI (Armenian watch industry), I. G. O. R. companies, and Frank Muller Armenian representation. The Armenian production is chiefly considered to be among the precious watches. At the course of 2011 the Republic of Armenia exported watches with the total cost of about USD 8 million. 85 percents of the watches were exported to the United States. (THE FULL VERSION OF THE ARTICLE IS AVAILABLE IN ARMENIAN)

Article by Gohar Avetisyan