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Sunday, 14 July 2013

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China, a huge gem and jewellery market


Minister Premajayantha at the International Jewellery Expo 2013 in Singapore

“The government has conceptualised a policy to enhance the gem and jewellery sector as a thrust industry, which has enormous potential for growth and to promote Sri Lanka as a gem and jewellery hub in the region,” said Minister of Environment and Renewable Energy, Susil Premajayanth at the seventh Singaporean International Jewellery Expo 2013 in Singapore.

Minister Premajayantha was a special guest at the event organised by the Singapore Gem and Jewellery Association. More than 12 top gem and jewellery exporters from Sri Lanka took part.

Around 200 top gem and jewellery exporters from several parts of the world were present.

The Minister said that since the Chinese government offered a tax-free regime for the Sri Lankan gem and jewellery exports in the aftermath of President Mahinda Rajapaksa's recent visit it would benefit the local sector because China has become the second largest gem and jewellery buyer in the world due to its rapid economic development.

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