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No support from tourism authorities to SL’s largest gem exhibition!

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The 30th edition of FACETS Sri Lanka, Asia’s premier gem and jewellery exhibition organised by the Sri Lanka Gem and Jewellery Association (SLGJA) in partnership with the National Gem and Jewellery Authority (NGJA) and the Export Development Board (EDB) will be held in Colombo next year.

It will be held at the Atrium Lobby of the Cinnamon Grand Hotel from January 06 – 08, 2024.

The SLGJA, formed in 2002, is the apex body for the gem and jewellery industry in Sri Lanka and represents all subsectors of the trade.

Over the years, FACETS Sri Lanka has become an important event in the international gem and jewellery calendar. This year too, it will serve as a much looked-forward meeting point for the global gem and jewellery sector, attracting prominent traders, gemstone and jewellery wholesalers, exporters, manufacturers, lapidarists, retailers, and collectors from across the globe.

A press conference was held in Colombo on October 03 to elaborate on the event.

FACETS Sri Lanka Chairman – Mr. Altaf Iqbal, SLGJA Board Member – Mr. Saman Amarasena, NGJA Chairman – Mr. Viraj De Silva, EDB Chairman – Dr. Kingsley Barnard, General Manager of Cinnamon Grand Hotel – Mr. Kamal Munasinghe and Mr. Rizan Nazeer, the Chairman of Local Promotion Committee of NGJA attended the press conference.

No support from tourism authorities!
FACETS Sri Lanka President Altaf Iqbal, who attended the event, shared his views on the upcoming exhibition and new features of FACETS Sri Lanka 2024, including the newly added Sustainability Pavilion and Sapphire Design Pavilion.

He added that the Ministry of Tourism and other authorities were informed about this exhibition, which can be promoted successfully among tourists. However, it is regrettable that they have not given any support to this exhibition, he said.

Many new features and booths
There will be a host of new additions to the show, such as the Sustainable Pavilion and the Sapphire Masterpiece Pavilion.

There will be several Pavilions showcased at FACETS Sri Lanka 2024 including the Premier Gem Pavilion, Premier Jewellery Pavilion, Sustainable Pavilion, Sapphire Masterpiece Pavilion, Rough Stone Pavilion, Gem Lab Pavilion, NGJA SME Pavilion, and the SLGJA Gem and Jewellery Pavilion. The event will also feature a special ‘Reminisce of the Past’ Event.

The Premier Gem Pavilion has been a part of FACETS Sri Lanka since its inception.

It will consist of leading Sri Lankan gem dealers who have been a part of FACETS Sri Lanka over an extended period of time, showcasing their gems for sale. The Premier Jewellery Pavilion will consist of prominent local jewellers, displaying their gems and finely crafted jewellery.

The Sustainable Pavilion is a first for FACETS Sri Lanka and will present the historical evolution of Sri Lanka’s gem and jewellery sector, along with its sustainability-related methods and approaches. It will also display the 2300-year history of the Sri Lankan gem trade from mine to market.

The Sapphire Masterpiece Pavilion, which is another first in Sri Lanka, will display large, precious stones, and will be on sale on the final day of the show. The Rough Stone Pavilion will feature and display rough stones from all sourcing countries of the world.

The Premier Gem Lab Pavilion brings together leading local and international gem labs together under one roof. The NGJA SME Pavilion will offer selected SMEs from across the country to showcase their gems and jewellery. The SLGJA Gem and Jewellery Pavilion will showcase gem and jewellery stalls from SLGJA members.

The ‘Reminisce of the Past’ event will feature a variety of speakers including senior gem and jewellery merchants who will speak about a variety of topics including how business was conducted in the past, and how the industry has evolved from the early years of humble beginnings, to what it is today. 

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1st stock of imported coconut milk to undergo clearance, lab testing today

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The first consignment of imported coconut milk under the Government’s raw material importation programme is scheduled to undergo clearance and laboratory testing today (31), as part of a coordinated initiative by the Plantation Industries Ministry.

This initiative, approved by the Cabinet, aims to supply essential raw materials to industries linked to the coconut sector, aiming to reduce domestic coconut prices and support local manufacturers. The consignment currently under clearance includes products equivalent to 200 million coconuts. They are in the forms of frozen coconut milk, coconut milk powder and chunked coconut with testa (non-copra), imported as part of the programme initiated in March 2025. The stock will be used primarily in the coconut milk powder industry, which has been facing raw material shortages. The Plantation Industries Ministry expects this move to reduce the pressure on local coconut supplies and contribute to a drop in retail coconut prices.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

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BoC employees to strike over unpaid incentives

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Employees of all Bank of Ceylon (BoC) branches have decided to walk out of service at 12.30 pm today (May 29).

The decision has been taken over the current management not taking the initiative to provide them with the 06-month incentive package approved by the Board of Directors, according to the Bank Employees’ Union.

Central Committee member of the Bank Employees’ Union – Najith Wijeratne, stated that they will initiate a token strike if this issue is not resolved by June 06.

BoC employees have also held lunchtime protests yesterday (May 28) in front of 22 branches in major cities islandwide.

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Imported salt released to market

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The National Salt Ltd. says that 2,800 MT of salt imported from India have been released to the market.

It says the food-grade salt stock, which arrived on May 23, is being distributed to the market through local salt sales agents for consumer sale.

The Ministry of Industry and Entrepreneurship Development states that Lanka Salt Ltd. is importing 10,000 MT of salt, while over 100 importers, including those from Pettah, are bringing in an additional 100,000 MT.

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