Category Archives: Industry News

HIGHLIGHTS FROM ASTAGURU’S ONLINE AUCTION HEIRLOOM JEWELLERY, SILVER AND TIMEPIECES 20 – 21 OCTOBER 2020 (Page 2)

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

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A boost for the gem and jewellery import & export activities

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

YearExport Value  USD Mn.Year on year variance
2009392.43 
2010400.552.07 %
2011520.1229.85 %
2012 up to April183.05 

 

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Images of the Meeting with H.E.Dr.Samuel K.Mbambo High Commissioner of the Republic of Namibia for India & Sri Lanka and Chairman & C.E.O NGJA – held on 13th March 2012

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

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Business matching session organized by the N.G.J.A. on 12th December 2011 at the Board Room between Ms. Sandy Liu, General Manager, TANIX, Shenzhen, China and five ‘SME’ jewellery manufacturing companies.

Participating Companies
1)    Ru Silver Jewellery
2)    ORIX Gems and Jewellery
3)    Silver Strings
4)    Brilliance Gem & Jewellery
5)    Mermaid Jewellers
 

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