Exaltación de la Santa Cruz
According to tradition, in the late third century, Saint Hripsime hid the remnant of the True Cross she wore on her neck at the site of the monastery. In 653, when the location was discovered, Catholicos Nerses III the Builder built the Church of Surb Nshan (Holy Sign), described by Robert H. Hewsen as "a simple hermitage". Catholicos Nerses also established the Feast of the Holy Cross of Varag (Վարագա սուրբ խաչի տոն), celebrated by the Armenian Apostolic Church on the Sunday nearest to September 28, always two weeks after the Feast of the Cross.