G&G gems trading platform goes live in Sri Lanka
Daily FT: The much-anticipated inauguration ceremony of the G&G gems trading service center took place at the Cinnamon Grand Colombo in Sri Lanka recently.
The G&G Gems Trading Platform was officially established, signifying an important step for Sri Lanka’s gem trade onto the global stage and the beginning of a new chapter in gem trading.
The opening ceremony received wide attention from the Government and the industry, with many high-profile guests attending the event.
Sri Lanka Gem Traders Association Chairman MP Imthiyas Bakeer Markar, several council members, and officials from the embassies of China, France, Russia, and other countries were present to congratulate and witness the establishment of the G&G Gems Trading Platform.
At the event, MP Markar awarded the official authorization certificate of the Sri Lanka Gem Traders Association to G&G co-founders Grace Tang and Imaad Rawoof.
As a highly valuable national-level certification, it indicates that the G&G Gems Trading Platform fully complies with Sri Lankan national laws and standards and is extremely credible.
Furthermore, Markar also highly affirmed the professionalism of the G&G Gems Trading Platform. He stated that the establishment of the G&G Gems Trading Platform had opened new channels for the global gem market and brought fresh vitality to the gem market of Sri Lanka. This platform not only provides a trading venue for gem practitioners but also promotes the circulation of gems and strengthens global economic ties.
G&G is a global gem trading platform with international trading policies, high customs clearance efficiency, and lower transaction costs, providing one-stop gem trading services for gem enthusiasts and practitioners worldwide. Through this platform, transactions between buyers and sellers of gems become safer and more convenient. It solves all the difficulties for global gem people to come to Sri Lanka to purchase gems with all needed services, such as reception of overseas teams, gem purchasing connections and technical guidance, ensuring the standardization and safety of the market.
Sri Lanka, rich in gem resources and known as the ‘Gem Country,’ is a renowned gem trading center with an important position in the global gem market. The Sri Lankan gem market is filled with tremendous opportunities. “To integrate Sri Lanka’s gem resources and regulate the gem market order, we have leveraged our years of deep cultivation and advantages to create the G&G Gems Trading Platform. This effectively reduces the costs of gem trading, allowing gem enthusiasts around the world to confidently purchase Sri Lankan gems, and promotes the high-end, digital, and international development of the gem industry,” said co-founder Grace Tang when talking about the original intention behind creating the G&G Gems Trading Platform.
OSL take:
Sri Lanka’s gem industry has been identified by the government of Sri Lanka as a key revenue generator for the country in the next few years. This has resulted in the local gem and jewelry authorities introducing new incentive schemes for new businesses while also exploring new foreign markets. Sri Lanka’s gem and jewelry industry also enjoy the benefits of the many trade agreements as well as trade concessions enjoyed by the country with other countries. Gems of Ceylon have been synonymous with high quality and had dominated the international markets in the past. Sri Lanka’s gems could still be seen in many priceless pieces of Crown jewels in many Royal households. The recent FACETS gem and jewelry exhibition attracted many foreign businesses/investors indicating the growth and business potential of Sri Lanka’s gem and jewelry industry. All these positive movements have resulted in an expansion in business/investment opportunities in Sri Lanka’s gem and jewelry industry. Foreign businesses/investors could therefore confidently explore the growing opportunities in the industry.
| Article Code : | VBS/AT/20240123/Z_1 |