There are many opportunities to build a gem business in Sri Lanka. Sri Lanka has earned a name in the world as the “Gem Island”. The reason for this is our ancient gem history and the presence of precious gems.
- Presence of high-quality gem resources
Ratnapura, Elahera, Okkampitiya, Kataragama are the sources of world-famous stones like Blue Sapphire, Padparadscha, Alexandrite, Cat’s Eye.
Sri Lanka still has a 70% gem percentage
There is a high demand in the global market due to its quality.
Out of the more than 300 types of gems in the world, Sri Lanka has a reserve of 70 types of gems.
- Demand in the world market
Sri Lankan Blue Sapphire is a stone that is often used by big brands like luxury brands (Cartier, Tiffany, Harry Winston).
It is ranked fifth in Sri Lanka’s exports.
It is a unique situation to have a very high demand in the markets of China, USA, Europe, Middle East.
- Advancement of handmade artistic work
The advancement of the carving and ornamental industry (gem cutting & polishing) in Sri Lanka.
The presence of the best gem cutters in the world and the best craftsmanship in the world.
This is a field that creates many job opportunities for the new generation.
- Government support and legal protection
Creating legal business opportunities through the National Gem & Jewlery Authority (NGJA)
The presence of government tax benefits and licensing systems for gem exports.
- More than 2500 years of history
The history of the Sri Lankan gem business is recorded in books such as the “Mahavansaya” and the “chulavanshaya”
This gives Lanka Gem Brand an additional marketing advantage, giving us the brand name Ceylon gems
- Opportunities related to the Tourism Industry.
Expanding the ability of foreigners to do gem shops and gem tours in areas like Udawalawe, Sigiriya, Kandy.
Making gem museums and gem mining experience tours a profitable new idea and doing business.
- New market generation
Ability to directly enter the foreign market through online gem trading platforms, e-commerce.
Ability to create new customers and a network through social media marketing.
- Expanding valuable future space
Even though there are more man-made/synthetic stones in the world, the trust and value of “Natural Sri Lankan Sapphire” will not decrease.
Therefore, the Sri Lankan gem business is sure to be a safe and profitable opportunity for the long-term.
