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Gems & Jewellery
Sri Lanka has long been known as a ‘cradle of treasures’ for its precious, natural gemstones. The island’s breathtaking natural heritage is blessed with a variety of precious and semi-precious stones in a range of hues and colours.
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International standard lapidaries coupled with a skilled workforce add luster to Sri Lanka’s coloured gemstones, making Sri Lanka an ideal market from which to source calibrated and fancy cut gemstones, high value single stones and quality service cutting. With the addition of the latest technology, upgraded skills of its craftsmen and a new focus on design excellence, Sri Lanka is emerging as a design center offering high quality jewellery collections. |
Sri Lanka’s major strength in the gem & Jewellery industry is the ‘Ceylon Sapphire’. It is Sri Lanka’s most widespread ‘brand’ in terms of geography and worldwide awareness. Using this gemstone and it’s world wide reputation for beauty and quality, a strategic initiative has been undertaken to develop a high fashion luxury branded collection of Sapphire Jewellery designed by a world renowned designer.
Sri Lanka has made its mark in the international market for gem & jewellery with exports to Japan, Germany, USA, UK, Belgium, Netherlands, Austria, Italy, Hong Kong, Australia and the Middle East.
The versatility of Sri Lankan gem & jewellery is reflected in a wide spectrum of products. Gems
- Gemstones
- Quartz
- Alexandrites
- Rate Stones
- Aquamarines
- Rubies
- Blue, Pink, Yellow, and Golden Sapphire
- Service Gem cutting
- Calibrated Gemstones
- Spinnels
- Cat’s Eyes
- Star Sapphires and Star Rubies
- Free Size Gemstones
- Topaz
Jewellery
- High fashion Gem-studded Jewellery, mostly incorporating Sapphires and Diamonds.
- Modern Silver Jewellery, in association with Gold and Gemstone.
- Gemstone Jewellery in the medium price range utilizing coloured Gemstones and Diamonds.
- Indigenous Silver jewellery drawing on ethnic elements.
- Platinum Jewellery with Gold and Gemstones.
- Fashion Jewellery
Sri Lanka offers investors an attractive base to manufacture cut & Polished gemstones and jewellery, for the global market.
Foreign investments are guaranteed by the Constitution of Sri Lanka and through bilateral agreements with over 25 countries.
Imports of all raw materials, gold, silver, platinum, rough gemstones & diamonds are free of import duty. Exports of cut & polished gemstones and jewellery is free of taxes. Further the profit made from exports of gems & jewellery is also completely income tax free.
Intellectual properties – copyrights, industrial designs, patents, trade marks service marks and trade names, - are protected under the Code of intellectual Property Act of 1979. Companies are also protected against unfair competition.
Sri Lanka is an active member of international Coloured Gemstone Association (ICA).
ATA Carnet system is in operation in Sri Lanka and the issuing authority is international Chamber of Commerce in Sri Lanka.
Sri Lanka also enjoys special concession by way of GSP concession which enables exports of gem & jewellery from Sri Lanka to a number of countries at a zero rate of duty.
Sri Lanka’s labour regulations are deemed fair by investors, while looking after the rights of the workers.
Most factories are situated close to the Colombo International Airport, facilitating fast import and export of products. The Port of Colombo is rated one of the most efficient and economical in Asia. Offering a range of services to shippers it is fast developing into one of the major centers of entreport trade in the region.
Our investor friendly policies, combined with abundantly available raw materials, skilled labour force and progressive development plans for the industry, probably makes Sri Lanka one of the most attractive place in the world to set up a gem & jewellery venture.
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