Sri Lanka's Gem, Diamond & Jewellery Sector Growth 50pct by January 2012

23rd February 2012, www.dailynews.lk, By Sanjeevi Jayasuriya

The gem, diamond and jewellery sector has secured an overall growth of 50% as at end January 2012 earning a revenue of Rs 5,725 million in comparison with the corresponding figure of Rs 3,808 million in 2011.

The export of gemstones brought in a revenue of Rs 1,635 million recording a 39% growth while jewellery exports generated revenue of Rs 301 million showing an impressive 121% growth. The service cutting industry showed signs of recovery by recording a Rs 26 million income with a 50% growth.

"The feed back we are getting from traders who returned from the recently concluded 'GLDA' Tucson show is very encouraging. Regular American buyers are showing a keen interest in fine quality blue sapphires of large sizes and the prices fetched by unheated sapphires were unprecedented," National Gem and Jewellery Authority Chairman Prasad Galhena told Daily News Business.

In its export market promotion programme this year the National Gem and Jewellery Authority (NGJA) intends to organize "Sri Lankan Pavilions" in a number of international gem and jewellery events.

There will be several mega events such as the Jewellery Shanghai Show, Hyderabad Jewellery, Perl and Gem Fair, Hong Kong International Jewellery Show, Malaysia International Jewelex, China International Jewellery Show (Beijing) and China International Gold, Jewllery and Gem Fair (Shanghai) during this year.

Related Info :

• Sri Lanka Gem & Jewellery Exports Show a Significant Growth in Q1 of 2011

• Prince William's Royal Engagement Ring Boosts Sri Lankan Gem Trade

Jewels Sri Lanka 2010, Exhibition of Jewellery, Gem and Mineral in Colombo, 10 - 12 December

08th December 2010, www.dailynews.lk

The "Jewels Sri Lanka 2010," jewellery, gem and other metals exhibition will be opened by President Mahinda Rajapaksa at the BMICH, Colombo on December 10. Environment Minister Anura Priyadharshana Yapa will also be present.

The exhibition which will continue daily till December 12 will be opened on its second day on December 11 by Economic Development Minister Basil Rajapaksa while Prime Minister D M Jayaratne will open it on the third day on December 12. The exhibition is jointly organized by the National Gem and Jewellery Authority (NGJA) and the Gemmologists Association under the guidance of Minister Anura Priyadharshana Yapa.

The main objective of the exhibition is to open the doors of the international market to small and medium-scale businessmen as well as large-scale gem and jewellery exporters, said NGJA Chairman and CEO Anil Koswatte.

All facilities would be provided to the participants and workers to the exhibition which has been planned with the intention of making Sri Lanka the world leader in the export of quality gems and jewellery.

Koswatte said those participating in this exhibition will qualify to participate in other similar exhibitions planned by the NGJA next year.

Buyers from USA, India, China, Thailand, Korea, Japan, Russia and several other countries have been invited to visit the exhibition.

Related Info:
Prince William's Royal Engagement Ring Boosts Sri Lankan Gem Trade