Azernews.Az

Thursday May 26 2022

American compnay to invest $ 20 mln in Uzbek jewelry production

11 January 2019 15:05 (UTC+04:00)
American compnay to invest $ 20 mln in Uzbek jewelry production

By Abdul Kerimkhanov

American company Imperial Jewelry Inc. will invest $ 20 million in the creation of jewelry production in Tashkent, Uzbek media reports citing a government decree.

To implement the project, the Americans have already created a foreign enterprise in Uzbekistan in the form of LLC Imperial Jewelry. It will be transferred to the part of the property complex of the state enterprise “1-Zargarlik Korkhonasi” and the premises of the state enterprise “2-Zargarlik Korkhonasi” at the “zero” purchase price.

Investors committed themselves to invest $ 20 million in the first three years and reach the design capacity of up to 10 tons of products per year by the end of this period. In addition, they must create at least 100 new jobs.

The Uzbek authorities announced large-scale plans for the production and export of jewelry in 2018. For example, it is planned that by 2020 the republic will bring the annual volume of jewelry production to more than $40 million.

In addition, the output of silver products is planned to be increased in 2020 to $760,500, from gold - to $39.6 million. Particular emphasis will be placed on promoting products abroad. It is planned to export jewelry for almost $ 14 million in 2020.

It became known in the middle of 2018, that another jewelry factory is planned to be opened as part of a joint consortium of an American Olef Creations Inc. and the South Korean Avid .

Imperial Jewelers was established in 1980 and is located in the midst of the scenic U.S. Virgin Islands.

For the past years, it has been devoted to fulfilling a promise of beauty and perfection in its craftsmanship of the finest art pieces ever produced in custom made designed jewelry.

A selection of the most exquisite loose diamonds are offered to clients in an assortment of shapes and sizes. These precious stones are of the highest quality and are set in uniquely handcrafted designs. The privilege of upgrading these lifetime warranted stones upon purchase and a 30 day money back and peace of mind guarantee is ensured to clients.

Customer service is provided in New York and Los Angeles with free shipping within the U.S. No duty or tax is imposed. A selection of the most exquisite loose diamonds are offered to you in an assortment of shapes and sizes. These precious stones are of the highest quality and are set in uniquely handcrafted designs.

All purchases guaranteed up to $300,000 by Jewelers Mutual.

---

Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94

Follow us on Twitter @AzerNewsAz

Loading...
Latest View more