Thursday, 05 September 2024 08:15

SLGJA proposes transforming Sri Lanka to ‘Sapphire Capital’ of the world Featured

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The Sri Lanka Gem and Jewellery Association (SLGJA), the apex body of the gem and jewellery industry in Sri Lanka established in 2002, has put forward a series of strategic, urging authorities to take necessary actions to steer the sector towards a more prosperous future.

The SLGJA envisions transforming Sri Lanka into the ‘Sapphire Capital’ of the world, with the goal that 80% of the sapphires mined globally would be processed in Sri Lanka and that more than half of the world’s sapphire jewellery would be manufactured in the country.

In their latest appeal, the SLGJA has called on the country’s to be leadership to take the necessary actions to unlock the industry’s potential, which they believe could contribute significantly to inclusive economic growth and sustainability.

The Association sees an opportunity to build a multi-billion-dollar industry around Sri Lanka’s gem and jewellery sector. They have pointed out that to achieve this, the country must enhance the overall ease of doing business to attract raw materials from gem-producing nations, investments from gem-consuming countries, and leverage international branding opportunities.

 

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