Gem and jewellery industry commits to boost forex via higher exports to support economic crisis

Sri Lanka Gem and Jewellery Association (SLGJA) said it is extended continuous support in ensuring their industry contributes to the strengthening of the economy during the current economic and financial crisis. 

In view of the growing concern over the current economic crisis the country, SLGJA has taken steps to ensure the gem and jewellery industry increases exports to ensure a steady flow of foreign exchange enters the country.

Following their discussion with Industries Minister Ramesh Pathirana, SLGJA have taken the first steps to bring to light the current issues faced by the gem and jewellery exporters and has requested the Minister’s assistance and support in ensuring the process of carrying out exports is made easier for businesses, thus ensuring a free flow of foreign exchange into the country.

As a luxury industry, many gem and jewellery businesses have faced a number of setbacks post-COVID. Despite this, the industry is working together to focus their efforts on increasing exports in order to help the country through these difficult times. SLGJA is a driving force in ensuring all segments within the industry come together to work towards the goal of increasing exports and foreign exchange for the country.  “We believe we are in a good position to support the country in bringing in much-needed foreign currency through exports,” said Sri Lanka Gem and Jewellery Association Chairman Ajward Deen.