SL’s gem and jewellery sector confident of exports to the US, despite 20% tariff
Although the gem and jewellery sector is liable for a 20 per cent tariff on exports from Sri Lanka to the US, industry leaders express confidence that the markets will remain the same, despite the new tariff review. The US is one of the major markets for Sri Lanka’s gem and jewellery, and the country’s gem stones have been proven as a rare commodity, according to Akram Cassim, President of the Sri Lanka Gem and Jewellery Association (SLGJA).
He made this comment to The Sunday Times Business on the sidelines of a media briefing held at the Cinnamon Life Hotel in Colombo to announce the FACETS 2026 exhibition.
Officials look at a video presentation. Pic by M.A. Pushpa Kumara
During the event Mr. Cassim stated, “FACETS has always been more than just an exhibition. It’s a celebration of Sri Lanka’s heritage, skill, and global ambition. Tradition meets modern design and mind to market is celebrated. Next year’s exhibition marks a turning point, a new chapter that looks to the future while honouring everything that brought us here.”
FACETS 2026, Chairman, Armil Samoon mentioned, “The next edition blends tradition with transformation. We are not just exhibiting jewellery, but telling stories, inspiring futures, and elevating Sri Lanka’s position in the world gem arena.” FACETS mirror the heartbeat of the industry, he noted.
The 32nd edition of FACETS exhibition, will take place from 3-5 January 2026 at the Cinnamon Life – City of Dreams Hotel. It will host over 100 exhibitors, including leading gem dealers, jewellery houses, and emerging designers from across Sri Lanka. With targeted international outreach, buyer delegations, and curated events such as sapphire night, power breakfast for women of influence, and high tea fashion shows, the exhibition will blend business with culture and creativity. As Sri Lanka recovers its place on the global stage, FACETS 2026 positions the country not just as a source of exceptional gems, but as a hub of innovation, ethical craftsmanship, and timeless beauty.
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