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Increasing Gem prices affect economy

Increasing Gem prices affect economy

The government is engaged in a frantic attempt to the lessen severe damages inflicted on the economy due to increased market prices of Gemstones, reports say.

Accordingly, the National Gem & Jewellery Authority has reportedly decided to hold an additional gemstone auction at the end of the year.

Market prices of Gemstones skyrocketed after the industry was hampered by prevailing adverse weather conditions in Sri Lanka.

Last modified on Friday, 26 December 2014 08:39