Lot 34 – A Pair of Antique Gold earrings Set With Diamonds, Circa 1900
Estimate: INR 40 – 42 lakhs | US$ 56,338 – 59,155
These fish hook gold earrings are set with large sparkling old European cut pear-shaped diamonds. The large
Category Archives: Industry News
HKTDC HONG INTERNATIONAL DIAMOND, GEMS & PEARL SHOW is to be held from 3 – 7 MARCH 2014.
Exhibitor application forms are available from the website of the National Gem and Jewellery Authority, Sri Lanka.
The first
The Gem Diamond and Jewellery export sector has recorded an overall growth of 40per cent in U.S. Dollar terms as at end June 2012, earning a revenue of USD.64.17 Million in comparison
Deshabandu M.Macky Hashim, Chairman Sri Lanka Gem and Jewellery Association (SLGJA) commends Dr.Neville Goonawardena, Director General of Customs and Prasad Galhena Chairman & CEO of National Gem and Jewellery Authority (NGJA) for the proactive decisions taken to facilitate the Gem and Jewellery Importers and Exporters. At a meeting arranged by ‘NGJA’ at the request of the ‘SLGJA’; convened by the Sri Lanka Customs on 31st May 2012 the following decisions were taken.
(a) To have a specially designated Customs office to process gem and jewellery import consignments at the Arrival area of the Bandaranaike International Airport.
(b) To implement a speedy process of handing over the gem and jewellery import parcels after Customs formalities placed in a secured pouch to the importer, to bring them within
03 working days to Customs Unit at ‘NGJA’ Colombo Office for inspection & release.
(c) To allow the above clearance procedure to those dealers who obtain foreign exchange as per 2012 Budget Proposals to procure gems from other producing countries.
The country’s gem and jewellery industry will receive a shot in the arm by these decisions, which would substantially slash the time taken to clear import parcels; with the resultant advantages to industry stake holders who operate on time constraints. The major outcome of these decisions will be to increase the global competitiveness of our gem and jewellery industry with a resultant increase in foreign exchange earnings and the generation of new job opportunities.
Gem, Diamond & Jewellery Exports at a glance
| Year | Export Value USD Mn. | Year on year variance |
| 2009 | 392.43 | |
| 2010 | 400.55 | 2.07 % |
| 2011 | 520.12 | 29.85 % |
| 2012 up to April | 183.05 |
|
Meeting held with Mr.Zhongjian Chen, Chairman of the Board, Shanghai Zhongneng, Enterprise Development (GROUP) CO.LTD. Shanghai, China, and Mr.Jiang Hongzhou, Council Member of China Association for International Friendly contact , Beijing,
Namibia
- In Namibia, diamonds account for more than 45% of the country’s export revenue, 7% of the government revenue and approximately 10% of the country’s GDP
- Namibia produces approximately US$0.9 billion worth of diamonds a year
Participating Companies
1) Ru Silver Jewellery
2) ORIX Gems and Jewellery
3) Silver Strings
4) Brilliance Gem & Jewellery
5) Mermaid Jewellers
1) Ru Silver Jewellery
2) ORIX Gems and Jewellery
3) Silver Strings
4) Brilliance Gem & Jewellery
5) Mermaid Jewellers
Highlights of the meeting held with Companies engaged in gem & jewellery sales for foreign currency; on 8th December 2011 at the Sri Lanka Institute of Tourism & Hotel Management, organized by Police Tourist Division, National Gem &