Government briefings describe a five-year trajectory toward 1.2 billion dollars in gem and jewellery sector revenue, up from roughly 388 million dollars reported for 2025. The plan explicitly pairs product diversification with market diversification.
Loose coloured stones remain the core, but jewellery manufacture, certification services, and diamond sector development appear in the same policy bundle. Export growth at 8.7% in early 2026 is one early indicator cited by NGJA leadership.
Market diversification means reducing reliance on traditional buyer corridors and engaging delegations from the US, India, China, Switzerland, Thailand, and Pakistan through events like Gem City Ratnapura.
Diversification only works if rough and cut stones can move through formal channels at competitive cost. Policy on imports and rough export directly feeds the diversification math.