The gem, diamond and jewellery sector has recorded an overall growth of 29.11 percent in 2011, earning revenue of USD 547.24 mn, in comparison with the corresponding figure of USD 423.85 mn in 2010.
According to National Gem and Jewellery Authority sources, Thailand has become the top buyer of Sri Lankan gems with an import value of USD 20.81 mn, narrowly exceeding the USA, which recorded USD 20.31 mn worth of gems imports from Sri Lanka. Hong Kong, Switzerland and Italy ranked 3rd, 4th and 5th recording import values of USD 19.43 mn, 7.78 mn and 2.5 min respectively.
In 2011 Sri Lanka exported 330,318 carts of high valued Blue sapphire worth USD 53.20 million.
Thailand and USA show almost the same import values of Blue sapphires from Sri Lanka with Hong Kong, Switzerland and France trailing behind.