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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Gem and jewellery exports record 53 % growth

Gem and jewellery exports record 53 % growth

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Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Jul 17, 2012 (LBT) - The gem, diamond and jewellery export sector has recorded an overall growth of 53 percent as at end of June 2012, earning a revenue of Rs.37,488 million in comparison with the corresponding figure of Rs.24,459 million in 2011. The sector shows promising growth and there have been increases in gem exports, cutting sector, jewellery and diamonds recording values of Rs 7,999 million, Rs 161 million, Rs 1,566 million and Rs 27,656 million respectively for January to June 2012.
Gem and jewellery exports record 53 % growth Rings-20111227-494_thumb_medium300_195
The total export revenue for 2012 June was Rs 37,488 million while in 2011 it was Rs 24,259 million, a growth of 53 percent, he said. The most significant growth is recorded by Jewellery exports, where the benefit of total value addition is gained and the service cutting and diamond manufacturing industries where Sri Lanka has proved the presence of a highly skilled workforce of lapidarists and diamond cutters. The U.S.A., Thailand, Hong Kong, Switzerland, Italy, France, India, Malaysia, Singapore, China, Canada and Germany are among the top export destinations for Sri Lankan gems and Jewellery.
http://www.lbt.lk/corporate/results/2287-glistening

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