Highest income recorded from gem exports after 12 years
The highest income from gem exports since 2010 has been recorded this year, National Gem and Jewellery Authority of Sri Lanka Director General Pradeep Thenuwara said.
He said more than 380 million USDs have been earned this year from the export of gems, including sapphires.
The National Gems and Jewellery Authority said that in the last 11 months, it has earned a record income more than the previous year.
Accordingly, it is reported that the 355 million USD income that was targeted to be earned from gem exports this year has already been exceeded.
Mr. Thenuwara said that sapphires found in Sri Lanka are popular in the world market and the largest amount of exported gems are sapphires.
Most gems have been exported to China, the US, Britain, Malaysia, Hong Kong while Israel has bought diamonds.
An income of 500 million USDs has been targeted from gem exports for 2023, and the Authority said it will provide facilities including new technology to the miners to achieve this target.