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Showing posts from September, 2024

The value of the Ceylon jems

 Sri Lanka or Ceylon is the one of the best natural gems found in the world. Ceylon has longest history about the gem marketing.  In the present situation lot of bid gems found in Ceylon but the main problem that  the gems can not sell in the out side. The government of the Ceylon implemented the new taxes for the gem market that affected for the gem industry falling down. Members of the Sri Lanka Gem and Jewellery Association issue a dire warning of severe harm due to the imposition of an 18% VAT on the import of precious rough stones and the local sale of gem-studded jewelry to tourists starting on January 1, 2024.  They lament that the government does not comprehend how the gem and jewelry industry functions.Let's say that rough stones are imported for commercial purposes to account for 70% of value added exports. SL runs the risk of losing its highly skilled local workforce to other countries, particularly to burgeoning gem and jewelry hubs like Dubai and more established local