Russia, Armenia, Kazakhstan and Kyrgyzstan have set up a Union of Jewelers of the Eurasian Economic Union (EEU) States in order to unties efforts to address common issues in the jewelry market and contribute to the creation of a common market of jewelry.
On the sidelines of the Junwex Yerevan Show-2016, an international jewelery exhibition, the leaders of jewelery industry organizations of the four countries, naming Russian Jewelers Guild, Armenian Jewellers Association, the Kazakhstan League of Jewelers, and the Union of jewelers and entrepreneurs of Kyrgyzstan, have signed a Memorandum establishing the Union.
According to the document, the Union was set up to protect the interests of the companies operating in the jewelry industry, as well as to coordinate efforts of its members to address common issues in the jewelry market. It also provides for co-operation in modernization of the industry in order to enhance competitiveness of the four countries’ national economies, as well as to contribute to the development of a common market of jewelry.
The idea of creating a Union of jewelers of the EEU States has been around for a quite a time, according to the President of the Russian Jewelers Guild Association and the head of the Moscow jewelry house Aesthete Gagik Gevorgyan. The four countries of the EEU have joined forces to “solve common issues and problems that could only be solved together,” Mr Gevorgyan said. “By signing this memorandum, we declared our desire to work together on the market for a common good,” he added.
The Junwex Yerevan Show-2016 is a 4 day event being held for the sixth time at the Meridian Expo Centre in Yerevan, Armenia, from October 27 to 30, 2016, attracting prominent jewelry companies and professionals.
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