The decision forms part of a comprehensive strategy to address long-standing challenges faced by the industry, which remains a vital contributor to Sri Lanka’s economy.
Chairman of the Authority, Dr. S. P. Chaminda, stated that several new measures have been introduced to resolve issues that have hindered the sector’s growth for many years. Among these initiatives, the reduction of service fees is expected to ease the financial burden on exporters and improve operational efficiency.
Industry stakeholders believe the move will enhance Sri Lanka’s competitiveness in the global gem market by encouraging greater trade activity and attracting international buyers.
Sri Lanka is renowned worldwide for its high-quality gemstones, and officials say the latest reforms will help protect and expand this valuable national asset while supporting exporters and investors in the sector.
