Sri Lanka Gem and Jewellery Association unveils “strategic hub” proposal

The Sri Lanka Gem and Jewellery Association (SLGJA) last week presented its “Sri Lanka Gemstone Hub Strategy Sapphire Capital of the World” proposal to the Government via a ceremony at the Cinnamon Grand Hotel.

During his address at the ceremony, SLGJA President Ajward Deen said: “Months of meticulous planning, collaborative efforts, and visionary thinking have culminated in the Concept Paper that we are proud to present today. As we take this important step forward, it is our distinct privilege to align our aspirations with the visionary intentions of His Excellency President Ranil Wickramasinghe, whose steadfast commitment to fostering and elevating the gem and jewellery industry is evident in his recent statements acknowledging the pivotal role of this sector in Sri Lanka’s development.”

Past President Chanaka Ellawala explained the concept of the proposal to the various Dignitaries and Ministers that were present at the event.  

The main objective of the proposal was to alleviate the gem and jewellery industry in Sri Lanka, by establishing free trade period for the sale of gems and jewellery, similar to that of Dubai, Thailand and Singapore, who have also implemented similar systems. This would greatly improve both short term and long-term market conditions in the sector and help generate much needed foreign income into the country. 

Industries Minister Dr. Ramesh Pathirana who received a copy of the presentation at the ceremony, said: “This free trade zone system for the gem and jewellery sector is an urgent need for this country. Therefore, the Government is working to provide the necessary guidance and maximum support to advance the gem and jewellery industry by utilising the resources and capabilities in Sri Lanka.”

State Minster for Primary Industries Chamara Sampath and State Minister of Investment and Promotion Dilum Amunugama also addressed the event.

It was graced by various dignitaries connected to the gem and jewellery sector in Sri Lanka including MPs Ajith Mannapperuma, Akila Ellawala, National Gem and Jewellery Authority Chairman Viraj De Silva, and Sri Lanka Export Development Board Chairman Dr. Kingsley Bernard.