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Sri Lanka Gem exports targets to cross $1bn by end 2015

Gems

May 13, 2015 (LBO) – Sri Lanka plans to increase export of local gems to one billion US dollars by the end of the year, Sri Lanka Gem and Jewelry Association said in a media release.
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Sri Lanka will host the 16th Congress of the International Colored Gem Stone Association from May 16th to 19th at the Cinnamon Grand Hotel.
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“The industry is presently valued at 500 million US dollars and although we have a lot more to do in order to reach the target, ICA Congress is a decisive and contributing factor to this sector,” said K .
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A. D. Dayasagara, the deputy Director General of the National Gem and Jewelry Authority said.
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“On the onset, ICA will help bolster trade relations, renew existing ones and give this industry, the much-needed impetus whilst showcasing the rest of the world, what Sri Lanka has to offer beyond raw gems.”
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