By Since 1991, FACETS Sri Lanka has established itself as a premier international gem and jewellery exhibition. Held annually in Colombo, this event serves as a pivotal platform for showcasing Sri Lanka’s rich gem heritage, connecting local artisans with global buyers. FACETS Sri Lanka exemplifies the country’s reputation as the “Gem Island,” a title rooted in its 2,500-year history of producing some of the finest sapphires and other precious stones.
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Sri Lanka Gem Industry: From Mining to Market
Sri Lanka’s gem industry is a cornerstone of its economy, contributing approximately $500 million annually to export revenue. The island is renowned for its alluvial gem deposits, particularly in areas like Ratnapura, aptly named the “City of Gems.”
- Mining: The traditional method of mining in Sri Lanka is artisanal and environmentally conscious. Unlike industrial mining, Sri Lankan miners use hand tools and sustainable practices, ensuring minimal environmental impact.
- Cutting and Polishing: The country boasts highly skilled lapidaries who enhance the brilliance of stones, making them ready for international markets.
- Trading Hubs: Markets such as Ratnapura, Beruwala, Galle, and Colombo are key trading points, attracting buyers from across the globe.
FACETS Sri Lanka: History, Origins, and Early Days
FACETS Sri Lanka was inaugurated in 1991, spearheaded by the Sri Lanka Gem Traders Association, which later evolved into the Sri Lanka Gem and Jewellery Association (SLGJA). The inaugural event was held at the Hilton Colombo from September 9th to 12th. With just 50 stalls, it showcased an impressive array of precious stones, creating a newfound awareness about the importance of an annual gem exhibition.
The following years saw growing interest:
- 1992: Expanded participation with increased stalls and visitors.
- 1993: Recognized on the international exhibition calendar, attracting buyers from countries like Japan, the US, and Switzerland.
- 1994: Relocated to the Galadari Hotel, becoming a key event for both local and international gem traders.
By its fifth edition in 1995, FACETS Sri Lanka had cemented its reputation as a must-attend event for global gem enthusiasts.
The Formation of the SLGJA
Formed in October 2002, the Sri Lanka Gem and Jewellery Association (SLGJA) emerged with the primary aim of uniting the industry’s most influential trade organizations. This collaboration brought together:
- Sri Lanka Gem Traders Association (established in 1970)
- Sri Lanka Jewellery Manufacturing Exporters Association (established in 1979)
- Sri Lanka Lapidarists and Exporters Association (established in 1985)
- Sri Lanka Jewellers and Gem Merchants Federation (established in 1969)
By combining the expertise and reach of these four groups, the SLGJA became the apex body representing the gem and jewellery industry.
The SLGJA has been instrumental in driving initiatives such as:
- Setting export standards for gemstones and jewellery.
- Establishing collaborations with international trade organizations and promotion agencies. A notable success was the association’s role in promoting Ceylon sapphires at high-profile events, such as the 2011 Royal Wedding of Prince William and Catherine Middleton. The iconic blue sapphire engagement ring, originally owned by Princess Diana, brought global attention to Sri Lanka’s gemstone industry.
- Introducing sustainable practices to ensure the longevity of the industry.
As of 2025, the association boasts a membership of over 250 organizations, collectively accounting for more than 75% of Sri Lanka’s gem and jewellery exports. Through its leadership, the SLGJA has strengthened Sri Lanka’s global presence, promoted ethical practices, and played a pivotal role in supporting events like FACETS Sri Lanka.
Evolution of FACETS Sri Lanka Over the Years
From its modest beginnings, FACETS Sri Lanka has grown into a major international event:
- In 2005, it moved to the BMICH Exhibition and Convention Centre, increasing its capacity to 150 booths, a 50% rise in exhibitors.
- By 2014, the event showcased products from all major gem-producing regions of Sri Lanka, attracting global participants from Asia, Africa, and Australia.
- In 2015, the exhibition celebrated its 25th anniversary, marking a quarter-century of excellence.
The event has consistently adapted, introducing features such as technical seminars, ethical trading panels, and interactive showcases, further enhancing its appeal.
Milestones and Memorable Moments
FACETS Sri Lanka has achieved several significant milestones:
- 1991: The inaugural exhibition laid the foundation for Sri Lanka’s gem industry on the global stage.
- 1993: First inclusion in the international exhibition calendar, boosting global recognition.
- 2005: Relocation to the BMICH, marking a new phase of growth.
- 2015: Commemoration of its 25th edition, celebrated with the issuance of special postal stamps featuring Sri Lanka’s iconic gemstones.
Other memorable highlights include hosting distinguished personalities such as:
- Mr. Paoio Valentini – President, International Colored Gemstone Association (ICA), in 1996
- Mr. Giuseppe Torroni – President, G. Torroni, Switzerland, in 1996
- Mr. Fred Mouawad, Vice President, Mouawad, Geneva, in 1996
- Mr. Simon J. Watt, Vice President, American Gem Trade Association (AGTA), in 1996
- Mr Dr Gaetano Cavaeieri, President, Italian Gem & Jewellery Association, in 1997
- Ms. Nanette Forester, President, American Gem Trade Association (AGTA), in 1998
- Mr. Eric Braunwart, Vice President, American Gem Trade Association, in 1999
- Mr. Nilam Alawdeen, President, N. Alawdeen Ltd., Japan, in 1999
- Mr. Israel Z. Eliezri, President, International Coloured Gemstone Association, in 1999
- Mr. Joe Menzie, Vice President, Inter Coloured Gemstone Association (ICA), as Chief Guest in 2000
- Mr. Richard Greenwood President of the International Coloured Gemstone Association, Chief Guest in 2001
- Edward E. Boehm, Vice President of the International Coloured Gemstone Association (ICA), in 2007.
- Wilson Yuen, ICA President, as a guest of honour in 2010.
Key Features of the Exhibition
FACETS Sri Lanka stands out for its distinctive offerings:
- Exclusive Gem Showcases: Featuring Ceylon sapphires, rubies, spinels, and cat’s eyes, alongside unique local jewellery designs.
- Global Reach: Participation from 26+ countries, including buyers and exhibitors from the US, Japan, and Germany.
- Educational Sessions: Seminars on gem identification, market trends, and ethical sourcing.
- Networking Opportunities: A hub for connecting with international buyers, traders, and industry experts.
Significance of FACETS Sri Lanka
FACETS Sri Lanka is not just an exhibition but a cultural and economic asset.
- Economic Impact: Boosts Sri Lanka’s gemstone exports and supports 100,000+ livelihoods in the gem trade.
- Cultural Pride: Highlights the country’s centuries-old gem heritage, reinforcing its global image as a leader in fine gemstones.
- Platform for Artisans: Provides a stage for local craftsmen to gain international exposure.
Insights for Gemstone Traders and Buyers
For traders and buyers, FACETS Sri Lanka offers unmatched advantages:
- Access to Rare Gems: Discover unique stones like padparadscha sapphires and fine-quality spinels.
- Expert Knowledge: Engage with skilled gemmologists and local traders for insights on quality and value.
- Networking: Build relationships with suppliers and fellow traders in an interactive setting.
References
- 04 Dec 2024, https://cbr.lk/lifestyle/the-slgja-presents-facets-sri-lanka-2024-celebrating-30-years-of-excellence-in-gems-and-jewellery/
- 08 Dec 2024, https://lmd.lk/facets-sri-lanka/
- 08 Dec 2024, https://www.sundaytimes.lk/230723/business-times/facets-sri-lanka-exhibition-in-january-2024-525883.html
- 09 Dec 2024, https://www.ft.lk/business/FACETS-Sri-Lanka-international-gem-and-jewellery-show-to-commence-in-January-2024/34-750754
- 10 Dec 2024, https://www.ft.lk/article/28459/Ceylon-Sapphires-glitter-with-the-Royal-Wedding
- Sri Lanka Gem and Jewellery Association, 09 Dec 2024, https://slgja.org/about
- FACETS Sri Lanka, 10 Dec 2024, https://www.facetssrilanka.com/