Sri Lanka gem exports face rising pressure as policy gaps, weak technology and limited market access undermine global competitiveness.
Sri Lanka gem exports face growing pressure as the country prepares to showcase its finest gemstones and jewellery to international buyers at FACETS Sri Lanka 2027.
Behind the optimism surrounding Sri Lanka’s leading gem exhibition, industry leaders are raising deeper concerns. Declining export competitiveness and policy shortcomings continue to obstruct one of the country’s oldest foreign exchange-earning sectors.
The 34th edition of FACETS Sri Lanka will run from January 4 to 6. Organisers expect more than 100 exhibitors and buyers from the United States, Europe, the Middle East, India, China, Thailand and other markets.
The exhibition offers an important opportunity to reconnect with global buyers. However, it also highlights the industry’s increasing dependence on trade fairs to maintain export momentum.
FACETS Seeks to Rebuild Confidence in Sri Lanka Gem Exports
Sri Lanka Gem and Jewellery Association President Akram Cassim described FACETS as an opportunity to reinforce the country’s reputation.
Sri Lanka remains internationally recognised as a trusted source of high-quality gemstones and jewellery. However, Cassim’s remarks also highlighted the need to rebuild international confidence as competition from other producing countries intensifies.
The industry’s challenges extend well beyond marketing.
Export Development Board Chairman Mangala Wijesinghe stressed the need to help more than 100 small and medium-sized manufacturers strengthen their presence in overseas markets.
Many smaller exporters continue to face limited market access, weak technological support and insufficient international promotion. These shortcomings make it harder for them to compete in demanding global luxury markets.
Wijesinghe also called for closer collaboration between the public and private sectors. He said stronger cooperation could improve gem-testing facilities, encourage innovation and diversify Sri Lanka’s product range while protecting its cultural identity.
Such appeals indicate that existing infrastructure and policy support have not kept pace with changing consumer expectations.
Ethical Mining Becomes a Global Selling Point
Sustainability has become a commercial necessity rather than only an environmental responsibility.
Industry leaders highlighted Sri Lanka’s reliance on government-approved small-scale sapphire mining. They argued that responsible extraction and traceable supply chains could distinguish Sri Lankan gemstones from competing products.
However, greater emphasis on ethical sourcing will require further investment in certification and transparency.
Without credible verification systems, Sri Lanka may struggle to reach premium international buyers who increasingly demand evidence of responsible mining and clear supply chains.
FACETS Sri Lanka 2027 also aims to position the country as a complete luxury destination. Its programme includes networking events, mine tours and investment-focused activities.
These initiatives may create immediate business opportunities. However, they cannot replace long-term policy changes aimed at strengthening competitiveness and increasing Sri Lanka gem exports.
Policy Reform Needed Beyond Trade Promotion
Officials credited the Export Development Board and National Gem and Jewellery Authority for supporting international outreach and maintaining standards.
Nevertheless, repeated calls for innovation, stronger cooperation and wider market diversification show that considerable work remains.
Sri Lanka possesses an internationally recognised gemstone heritage. Yet heritage alone cannot guarantee future export growth.
The country must improve technology, institutional coordination and support for smaller manufacturers. It must also strengthen testing, certification and international marketing systems.
FACETS Sri Lanka 2027 may restore visibility and attract new buyers. However, the exhibition will also test whether policymakers can turn promotional success into sustained growth.
The future of Sri Lanka gem exports will ultimately depend on stronger institutions, modern technology and a coordinated national strategy that extends far beyond the exhibition floor.
