Industry leaders at the opening of FACETS Sri Lanka 2026 have called for the urgent implementation of key reforms discussed with the government, warning that regulatory delays are limiting the full potential of the country’s gem and jewellery sector, a multi-billion-dollar export industry.
Speaking at the inauguration of the 33rd edition of the exhibition held at Cinnamon Life last Saturday, Sri Lanka Gem and Jewellery Association (SLGJA) President Akram Cassim stressed that while the industry appreciates recent positive engagements with the government, the focus must now shift to execution.
“Over the past year, we have welcomed positive steps by the government and constructive engagement with the industry, which we sincerely appreciate. The priority now is the urgent implementation of the key reforms already discussed,” Cassim told a gathering of international buyers, diplomats, and local stakeholders.
He noted that simplifying regulations, improving ease of doing business, and streamlining import-export processes are critical steps that will allow the sector to contribute more strongly to foreign exchange earnings while creating sustainable employment across the island.
Responding to the industry’s concerns, Foreign Affairs, Foreign Employment and Tourism Minister and Chief Guest Vijitha Herath outlined government plans to establish an “International Trade Hub” in Sri Lanka within the year. This initiative aims to streamline trade facilitation, aligning with the sector’s demand for greater efficiency.
Minister Herath further reassured the audience that policy reforms are already underway, highlighting the introduction of a new tax system to support the industry and pledges to modernize its digital infrastructure.
“We are strengthening digital traceability and certification systems to ensure credibility of origin, compliance with international standards, and enhanced investor and buyer confidence,” Herath said. He emphasized that the government has identified the gem and jewellery sector, alongside tourism, as a “priority area for sustainable foreign exchange earnings.”
Both the Minister and industry leaders highlighted the strategic opportunity to link gems with tourism. Minister Herath stated the government’s policy objective is to “move decisively towards higher-value exports and stronger global branding.”
Echoing this, Cassim advocated a collaborative approach with Sri Lanka Tourism to create a unique visitor experience. “The Ceylon Sapphire is a gem like no other. By working closely with Sri Lanka Tourism, we can offer visitors a meaningful Sapphire journey—from the gem mines of Ratnapura, through the gem markets of Beruwela, to the gem museums of Kandy,” he said.
