Sri Lankan Gem and Jewellery Companies eyeing for lucrative

(December 03, Beijing, Sri Lanka Guardian) National Gem and Jewellery Authority together with Sri Lankan Jewellery companies participated at the 4th China International Gold, Jewellery and Gem Fair 2008 in Shanghai. Sri Lanka booth comprised of Furqan Ali & Sons Gem Exporters, J. A. de Silva & Co. Ltd., Yong Hua Lanka Gems Jewellery (Pvt) Ltd., South Lanka Gem and Jewellery. Companies such as Buraak Jewels (Pvt) Limited, Sparkle Gems, Shan Trading Gem, Queen Lanka Gems and Jewellery, DD Gems had their own stall at the fair.

Shanghai has become the leading hub with exchange centres at the heart of the jewellery industry offering trading in gold, plated gold, diamonds and silver. This Fair has been held in Shanghai since 2003. Over 170 exhibitors from 11 countries and regions and over 9000 buyers/visitors from home and abroad have participated at this fair this year. Domestic and International Jewellery brands attended the fair. The Sri Lankan booths attracted a large number of visitors.

Sri Lanka exports precious, semi – precious, precious metal or metal clad precious stones to China in the recent past has witnessed a remarkable growth of more that 100% in 2007 compared to the corresponding year.

The Growth of China Jewellery industry is exceedingly faster than expected. Starting from 2005, the sales of China’s jewelry industry have increased by about CNY 20 billion annually and it reached CNY 180 billion in 2007. By 2020, the annual sales volume of China’s jewellery industry is expected to reach CNY 300 billion.

On the sideline of the jewellery fair, the Sri Lankan delegation met with the Shanghai Gem and Jade Association and discussed matters pertaining to the industry. Ambassador Karunatilleka Amunugama while briefing on Sri Lanka’s gem and jewellery industry stated that the companies from both countries should initially develop and strengthen ties to facilitate meaningful trade relations. He went on to explain that most Sri Lankan companies have a long history in this trade and with the passage of time they have built a strong foundation to conduct business all over the world. Ambassador Amunugama called on the Sri Lankan companies to briefly introduce their companies to the Shanghai Gem and Jade Association. During these discussions we were able to develop closer ties with the Chinese companies in order to market our gems and jewellery in eastern China.

National Gem and Jewellery Authority together with Sri Lanka Consulate in Shanghai facilitated our participation at the 4th China International Gold, Jewellery and Gem Fair 2008. - Sri Lanka Guardian