Considering its obvious competitive advantages, including access to global networks and to Russian rough and internationally-mined diamonds imported for processing through established FDI, Armenia seems ready to rebuild a sustainable diamond cutting industry with new policy options and targeted regulatory interventions. In particular, it is interested in gaining knowledge about global developments and the regulatory and tax incentives needed to boost and attract new investments. The export processing zone (EPZ) experience is of particular interest to Armenia as an instrument for creating new downstream (or processing) opportunities—that is, processing diamonds and selling the resultant jewelry products—and helping it become a Eurasian hub of the diamond trade