A Sri Lankan Gem and Jewellery Exhibition was held at The St. Regis Hotel in Shanghai between 22 to 23 March 2023 with the participation of Zam Gems Sri Lanka under the patronage of Sri Lanka Consulate General in Shanghai.
At the exhibition, Sri Lankan gems which included blue sapphires, pink sapphires (rubies), Alexandrite and Cat’s-eye Chrysoberyl were displayed. In addition, a variety of jewellery including necklaces, rings, earrings, bracelets which were crafted using above mentioned Sri Lankan gems and stones were also exhibited.
The Chairman of Shanghai Jade and Gem Exchange Simon Chan participated in the event with his team of officials and reputed Chinese buyers. In addition, many other buyers across China, Gem and Jewellery traders, gem collectors, members of Shanghai Diplomatic Corp, expatriates as well as other interested parties and visitors were present at the event.
Further, the Consulate used this opportunity to promote Sri Lanka tourism by displaying and distributing Sri Lanka tourism brochures among prospective gem buyers, members of Diplomatic Corp and visitors while responding to tourism related queries.
This event, which was the 01st Gem and Jewellery exhibition held in Shanghai in the aftermath of the opening up of Chinese borders (ending months long Covid-19 restrictions), proved to be a huge success.
Although the Central Bank of Sri Lanka (CBSL) has banned 22 institutions operating illegal pyramid schemes, no legal action has been taken against any of them so far, according to reports.
This was disclosed during a workshop held at the CBSL yesterday (July 08) on the dangers of pyramid schemes.
According to CBSL officials, after initial investigations, the files were handed over to the Criminal Investigation Department (CID) for further inquiry.
The CID’s Financial Crimes Unit has reportedly completed its investigations and submitted findings to the Attorney General’s Department, which is responsible for filing cases.
However, it was noted that not a single case has been filed to date.
The CBSL states that investigations will be continued against companies engaged in these illegal practices and hopes at least one or two such cases would be filed by the end of this year or early next year (2026).
U. D. Nishantha Jayaweera was sworn in as a National People’s Power (NPP) National List Member of Parliament before the Speaker of the House – Dr. Jagath Wickramaratne, today (July 09).
He fills the Parliamentary seat left vacant following the resignation of Dr. Harshana Suriyapperuma last month.