Former UNP Deputy Leader, MP Ravi Karunanayake, raised concerns in Parliament over the gap between the government’s promises and the reality of the gem and jewellery industry.
He noted that while the sector is promoted as a potential multi-billion-dollar business, mining is limited, value addition is weak, and access to international markets remains low. Most gems are exported in raw form, restricting revenue generation. Allegations of inefficiency, poor supervision, and irregularities in storage and processing have further eroded public trust.
MP Karunanayake questioned whether high taxes and excessive regulation are holding back the industry, calling for a comprehensive and transparent policy.
He proposed expanding designated gem mining sites, modernizing the auction system, supporting domestic cutting, cleaning, and value-adding activities, and establishing Sri Lanka as an international hub for genuine gems. He also emphasized the need for tax clarity, protection for small miners, and environmental safeguards.
