Gemfields announces next phase of development in Sri Lanka

Following an announcement in 2014 of its intention to aid the progress of the Sri Lankan sapphire and gemstone sector, Gemfields Plc, the world’s leading supplier of responsibly-sourced coloured gemstones, announced the steps it would take to achieve this objective. 

The company said it would shortly call for expressions of interest from local mining companies with a view to establish an organised supply chain in the Sri Lankan gemstone industry.

Gemfields said that it intends to offer support to the Sri Lankan gemstone industry through its technical capabilities, proprietary grading systems and marketing methodologies. Once the supply chain is established, the gems will be offered to international buyers via Gemfields’ auction platforms, thereby adding value to Sri Lankan gemstone production, growing the sector and contributing to economic development.

Gemfields CEO Ian Harebottle commented; “We are pleased to start this next phase of activity in the Sri Lankan gemstone industry. World famous for the quality of gemstones, we are optimistic we will be able to bring our proven expertise to this already established market for the benefit of local mining communities and the Sri Lankan gemstone industry.”