Sri Lanka’s gem and jewellery exhibition FACETS Premiere ended as most successful in 30 years.
Daily FT: FACETS Sri Lanka Premier Edition concluded recently as the most successful exposition with over 5,000 visitors, nearly 100 global buyers from 20 countries and $ 10 million worth orders/sales achieved.
Held after a lapse of three years, owing to the pandemic and subsequent economic downfall, the Sri Lanka Gem and Jewellery Association (SLGJA) decided to organise the event at the Cinnamon Grand making it the first international exhibition in Sri Lanka, post-crisis, sending a global message that the country is returning to normalcy and is safe to visit.
As a result of an extensive promotional campaign about 100 discerning buyers from over 20 countries, firm believers in the quality of Sri Lankan gems and the ability of the industry to deliver the high-end quality product attended the exhibition.
A SLGJA Spokesman said visitors to the event numbered over 5,000, which was conceptualised on showcasing the extraordinary quality of Sri Lankan gems, while highlighting the spectacular Ceylon Sapphire which stands among the best gemstones in the world.
“The most significant factor of the event was that over a period of three days, sales and orders of over $ 10 million, were obtained indicating the industry’s potential in being a large contributor of foreign exchange to the country, especially in these troubled times,” he added.
Sri Lanka’s gem and jewellery industry is one of the most historically significant industries in the country with ‘Gems of Ceylon’ being synonymous with value and quality globally. Many gems of Ceylon are prominently featured in jewellery that belong to many Royal households in the world. Local gem and jewellery authorities are once again focused on placing Sri Lanka once again as the key producer of gems and jewellery. The many trade agreements and trade concessions enjoyed by the country have also helped boost Sri Lanka’s gem and jewellery industry. Authorities have also introduced many incentives to prospective investors to the industry with the aim of further expanding the local gem and jewellery industry. Given the many incentives offered by the local authorities and the trade benefits enjoyed by the industry, foreign businesses/investors could explore the growing opportunities in Sri Lanka’s gem and jewellery industry.
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