ArmJewel LTD is a jewelry manufacturer specializing primarily in gold jewelry. Established in 2016, the company has not only secured a strong position in the Armenian market but has also successfully entered international markets.
To further strengthen its position in the jewelry industry, ArmJewel implemented two investment projects with the support of the EU4Business-EBRD SME Competitiveness Credit Line. Both projects were financed through Armeconombank OJSC.
The first investment was completed in May 2024, during which the following equipment was financed.
Thanks to this investment, ArmJewel is able to produce and repair gold jewelry with high precision, clean joints, and a lower risk of damaging delicate parts. In addition, the marking machine enables the company to accurately engrave hallmarks, logos and designs, improving product quality, authenticity, and personalization.
Eligible investment cost | EUR 42,102.30 |
Investment incentive | EUR 4,210.23 |
Primary energy use avoided | 13.37 MWh/year |
GHG emissions avoided | 2.59 tCO2/year |
The scope of the second investment encompassed the implementation of a 3D Selective Laser Fusion Printer for Metal Powder (MYSINT 100). It helps the company to reduce material waste, speed up prototyping, and to produce consistently high-quality and customized pieces that are difficult to achieve with traditional methods.
Eligible investment cost | EUR 264,932.52 |
Investment incentive | EUR 26,493.25 |
Primary energy use avoided | 1.85 MWh/year |
GHG emissions avoided | 0.36 tCO2/year |
To conclude, these two investments and the 10% cashback incentive funded by the EU, enabled ArmJewel to strengthen its position and gain multiple advantages, such as:
These upgrades strengthened operational efficiency, supported innovation, and increased the company’s ability to compete in both domestic and international markets, contributing to long-term growth and sustainability.
