Boost to the gem and jewellery industry

Prasad Galhena, Chairman & C.E.O of National Gem and Jewellery Authority (NGJA)  hails the directive issued by His Excellency the President, Mahinda Rajapakse, to Sri Lanka Customs aiming at further liberalizing the clearance of gems at the Bandaranayake International Airport.

According to this newly introduced scheme; inbound passengers would be allowed to clear rough or cut & polished gemstones; brought  in by them on payment of a Service Fee of USD 200/- to Sri Lanka Customs at the Air Port it self.  This proactive directive would undoubtedly benefit the gem and jewellery sector by enabling the stakeholders to procure gem material from other producing countries at competitive rates and bring them to Sri Lanka for value addition and re-export.

The strengths and opportunities position Sri Lanka well to pursue further development of the gem and jewellery industry and make feasible the vision of (NGJA) of creating Sri Lanka in to a Centre for coloured gemstones.  This initiative would enable buyers to procure all varieties of gems not found in Sri Lanka.

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