China's manufacturing strength cannot offset its domestic demand weakness
US midterm elections: How a Democratic win could affect global markets and India's ...
Hyundai, Kia post record Oct sales in US over hybrid, EV demand
Coupang swings to Q3 loss on warehouse fire-related costs
Seoul shares dip over 3 pc amid escalating AI woes
Brazil: Continuity amid constraints by CareEdge Ratings
Lee Jae Myung vows bold investment in AI, future growth engines
South Korea's monthly exports hit $115.3 billion in Oct on strong chip sales
US Treasury yields could settle around 4.75 pc: SBI report
FOMC: Fed pauses, Warsh softens the path ahead by Emkay Global Financial Services Ltd
Sri Lanka , endowed with one of the world's richest gemstone deposits, is caught in a growing debate over who is capturing the real value of this natural treasure, according to media reports.
While Sri Lankan miners and local traders often struggle with fluctuating incomes, foreign buyers, including those from China, are increasingly visible in the gemstone trade, raising questions about whether the country is receiving a fair return for its resources, according to a report in Ceylon Wire News.
Chinese markets in Beijing, Shanghai, Shenzhen, Guangzhou, and Hong Kong have developed into major destinations for high-value sapphires and coloured gemstones sourced from Sri Lanka. Chinese buyers are particularly interested in untreated and certified stones, especially premium blue sapphires and rubies.
The concern expressed by some industry observers is not merely that Chinese traders are purchasing Sri Lankan gemstones. Trade itself is a normal and legitimate commercial activity. The real concern is that much of the value addition often occurs after the stones leave Sri Lanka. In such a system, the country where the gems originate may receive only a fraction of the final retail value.
However, if Sri Lanka is exporting one of the world’s most valuable natural resources, in order to maximise the value of exports, it also needs to focus more aggressively on domestic cutting, polishing, branding, certification, and jewellery manufacturing. Every stage of value addition generates jobs, expertise, tax revenue, and foreign exchange. When the majority of downstream processing takes place overseas, the largest profits inevitably flow elsewhere, the report pointed out.
Reports from the gemstone industry indicate that direct sourcing has become increasingly common. Buyers seek to reduce costs by purchasing closer to mining areas and production centres.
Sri Lanka is globally recognised for producing blue sapphires, padparadscha sapphires, yellow sapphires, pink sapphires, white sapphires, rubies, spinels, garnets, tourmalines, zircon, moonstones, alexandrite, cat’s-eye chrysoberyl, and numerous other varieties. According to the Sri Lanka Export Development Board , Sri Lanka exports top-quality blue sapphires and roughly 75 other gemstone varieties to international markets. The country’s reputation for high-quality untreated stones has made it a preferred source for buyers around the world.
Data published by Serendib Blue Gem Data Hub, citing Sri Lankan industry sources, reported approximately $430 million in gem and jewellery exports during FY2024.
TRAI launches Network Anubhav platform for network quality insights, DND services
Indo-German Energy Forum's next chapter to focus on green hydrogen, future energy value chains
Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click Here Data Source Provided By : Accord Fintech Pvt. Ltd.
© 2024- 2026 INVESTMENT GURU INDIA . All Rights Reserved.
An email has been sent to your registered email address containing an activation link. Please click on the link to activate your account. If you do not receive the email within a few minutes, please check your spam folder.
Loading comments…