Publications

03.09.2025
2 min
Repat Story
Promoting Financial Literary and Supporting Artisans: Clara Yalmanian’s Journey to Armenia
Promoting Financial Literary and Supporting Artisans: Clara Yalmanian’s Journey to Armenia
 
Clara Yalmanian runs two seemingly disparate businesses from Armenia: trading and jewelry. Born and raised in Austria, and then based in London for several years, Clara Yalmanian made Yerevan her home in 2024, after first visiting in 2019. In just one year living in Yerevan, she has already made great strides in both promoting financial literacy in Armenia, while also working on a jewelry business that supports displaced artisans.
 
“I grew up in the diaspora—born and raised in Austria, with Armenian parents who themselves came from different countries. That mix always made it difficult to find one place that truly felt like home”, explains Clara, “For most of my life, Armenia was more of an idea than a physical place—something we celebrated through language, food, and tradition, but from a distance.” Clara first visited Armenia in 2019. “It was a short trip, but something about being here felt familiar in a way I hadn’t experienced before”, she says, “Then in 2020, during the war in Artsakh, that distant connection suddenly felt very real. Watching everything unfold from abroad left a deep impression on me—it made me think more seriously about how I could get involved and contribute in a meaningful way.”
 
Since that trip, Clara started spending more and more time in Armenia, eventually deciding to move permanently. “When the conflict escalated again in 2023, it only confirmed that this was where I wanted and needed to be”, she says, “I started coming and going a lot in the first half of 2024, and eventually ended up staying in June 2024.”
 
Jewelry
 
Clara’s connection to Armenia is also what prompted her need to contribute in a sustainable and meaningful way. She founded Nayiri Jewelry before moving in 2022, rebranding once settled in Armenia in 2024. She employs displaced artisans from Syria and Lebanon to help them rebuild their lives. “Finding the right artisans was one of the most important parts of building Nayiri Jewelry”, explains Clara, “It started with personal connections and recommendations, I spoke with people in the community, visited workshops, and slowly started forming relationships. I wasn’t just looking for technical skill, but for shared values: craftsmanship, care, quality and long-lasting relationships.  Early on, I gave a few artisans some test pieces to make and had them quality-checked in different places. I was genuinely stunned by the level of craftsmanship - they exceeded my expectations.”
 
 
The artisans that Clara works with are from war-affected areas and have known displacement over the past four generations. “Most of them have decades of experience, working for some of the most renowned jewelry houses in the Middle East”, she says, “Many have years—sometimes decades—of experience, but limited access to stable work. By being in Armenia, I was able to meet them in person, understand their stories, and co-create a working relationship that’s built on mutual respect and trust.”
 
Clara’s designs are a blend of Armenian heritage, personal storytelling, and a focus on versatility. She also makes custom pieces too, for engagements and weddings. “Some collections are rich in Armenian symbolism, while others are more subtle, designed to speak to a wider audience while still holding cultural depth”, she explains, adding that each piece is named in Armenian so as to spark curiosity about the Armenian language and culture to a Western audience.
 
“Running a business in Armenia has been both rewarding and challenging. Being on the ground has allowed me to build stronger, more personal relationships - with artisans, partners, and the broader community. That kind of trust and collaboration is much harder to cultivate from abroad”, says Clara, “Living here has also helped me better understand and connect with the local market. It’s allowed me to participate in events, collaborate with local partners, and build brand awareness more organically. There’s a growing interest in small brands, especially those with purpose and a story behind them, which creates a lot of opportunity—whether it’s through pop-ups, concept stores, or festivals.”
 
Financial Literacy in Armenia
 
In addition to her jewelry line, Clara also continues to run her company ONE-SIGNAL, which helps individuals make better investment decisions, alleviating the stresses that come with investing through compiling daily trading signals. The goal is to remove noise and over-analysis, offering clear, actionable insight in just a few seconds. ONE-SIGNAL is a family-run business, with the algorithm originally developed over 20 years ago by Clara’s father for his own personal use—born from a need for more clarity in everyday trading decisions. What began as a private tool has since evolved into a product used by a growing community of global investors.


One of Clara’s long-term goals is to help strengthen financial literacy in Armenia. “While there’s a growing interest in investing and entrepreneurship, many people still lack access to clear, trustworthy information about how financial systems work, whether it’s budgeting, saving, or understanding markets. Financial literacy is essential because it empowers individuals to make informed decisions, avoid debt traps, build long-term stability, and take control of their economic future”, she explains, “For Armenians in particular, financial literacy carries an even deeper importance. Because of our history of displacement, many families have been cut off from generational assets like property, land, or long-standing financial knowledge. As a result, there’s often a lack of inherited financial security or guidance—making it all the more important to build those tools from the ground up today.” Through ONE-SIGNAL and future initiatives, she hopes to contribute to making financial knowledge more accessible and less intimidating, especially for younger generations who are shaping Armenia’s future.


 
Life in Armenia
 
“For Clara, the best thing about living in Armenia is the sense of connection to the land and the people. “The lifestyle is more grounded. People take the time to talk, to help, to share. There’s a real sense of warmth and solidarity that’s hard to find in the West”, she says, “Professionally, there is a lot of room for creativity and collaboration—especially in the world of small brands, design, and impact-driven work. There’s a strong emerging creative scene, and because the ecosystem is still developing, there’s space to experiment, build something new, and actually see the impact of your work. It feels like a place where your ideas can grow alongside the country itself.”
 
“She loves the diversity Armenia has to offer too. “Even though Yerevan is a small city, it doesn’t feel like it. It’s lively, full of energy, and constantly evolving - there’s always something happening, and you quickly find your rhythm here”, says Clara, “What I also really appreciate is how close and varied nature is. Within a few hours, you can go from vibrant city life to peaceful mountains, lakes, forests, or ancient villages. Armenia may be small, but diverse.”
 

 
Future Plans
 
“Clara sees Armenia as a long-term base - both personally and professionally. “With Nayiri Jewelry, I want to continue expanding our work with local artisans, especially those affected by displacement. The goal is to create sustainable, purpose-driven jobs rooted in craftsmanship, while building a brand that reflects Armenia’s identity and creativity to a global audience”, she says, “At the same time, I’m also growing ONE-SIGNAL. While it's a fully digital, global business, living in Armenia has given me the focus and flexibility to develop it further. The tech and finance talent pool here is growing, and I see a lot of potential in building out lean, innovative ventures from Armenia that can compete internationally.”
 
“In both businesses, she’s driven by the idea of creating value from Armenia—whether through handcrafted products or smart digital tools—and showing that you don’t need to be based in a major capital to build something impactful. “Over the next few years, I hope to continue strengthening both ventures, stay involved in the creative and entrepreneurial ecosystem here, and contribute in a small way to Armenia’s growth story”, she says. Overall, living in Armenia has made Clara’s work feel more connected and meaningful, and she’s excited about the opportunities that continue to emerge.
 

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