|
|
 |
 |
 |
| Tuesday, 20 May 2003 |
 |
|
 |
Business | |
| News Business Features Editorial Security Politics World Letters Sports Obituaries
|
Forex on cut and polished diamonds on the increase By Kapila Somaratne, Panadura Group Correspondent Sri Lanka's foreign exchange earnings from cut and polished diamonds are on the increase and many leading companies in the business are contributing to this growth. Diamond Cutters Limited at Moderawila Industrial Estate in Panadura is one of the main suppliers of cut and polished diamonds to the world market. Having started in 1987 with 70 employees, today the company employs 500 young men and women. The company is a Board of Investment (BOI) venture among Lanka Equities Ltd, Niru Diamonds Israel Ltd in Israel and N.Alawdeen Ltd in Japan. "We bring in diamonds to the value of US$ 250,000 a month. Our main markets include Japan, Switzerland and Israel," a company spokesman said. He attributed this success to workers' skills and technical expertise introduced over the years to maintain the quality and standard of diamonds. "We have trained a skillful workforce who would benchmark the company's future as a leading diamond supplier to the international market," he said. At present the company is importing raw material in bulk from Belgium, a country which is highly reputed as a diamond centre in the world. "We are also getting expertise from Israel and Belgium in the making of diamonds to suit different market conditions," the spokesman said. "Our marketing team is in continuous promotion of business overseas as well as in Sri Lanka to tap new markets," Marketing Manager, Suresh de Silva said. The company has also obtained a modern IT network and a communication system to ensure efficient operations in the diamond cutting and polishing lines. |
|
News | Business | Features
| Editorial | Security
Produced by Lake House |
