National News
GSI’s Colored Stone Professional (CSP) Programme Explores New Mine in Sri Lanka
Students visited the Rakwana Gem Deposit, observing mechanised mining, gravel sorting, and recovery of sapphires, chrysoberyl, spinel, and tourmaline
GSI’s Colored Stone Professional (CSP) Diploma programme, recognised for its innovative combination of theoretical knowledge and practical, real-world experiences, recently embarked on an educational mine visit to Sri Lanka’s renowned Rakwana Gem Deposit. As part of the recent CSP student cohort, the visit was organised to provide comprehensive and immersive exposure to the gemstone pipeline, encompassing mining, processing, and trading.

“Experiences such as these are essential for developing a well-rounded understanding of the gemstone industry,” says Ramit Kapur, MD, GSI India. Sri Lanka, with its rich heritage and world-renowned gemstones, provides the perfect backdrop for such learning. By engaging directly with the mining process and following the journey through cutting, processing, and trade, students not only bridge the gap between geological science and commerce but also gain a true appreciation of the value each gemstone carries through its transformation.
As part of the field visit, students explored the Rakwana Gem Deposit in Sri Lanka’s Ratnapura District, a globally recognised source of fine sapphires since 2017. They observed small-scale mechanised mining carried out on agricultural lands, yielding sapphires alongside chrysoberyl, spinel, and tourmaline. The visit also included demonstrations of manual gravel sorting, where skilled miners separate gem-bearing pebbles.
“Classroom learning provides the foundation, but witnessing the journey of gemstones at their source offers an unparalleled perspective,” says Meenu Vyas, Chief Global Gemologist & GSI Education Centre. “Through this visit, students gained first-hand insights into Sri Lanka’s pivotal role in the global gemstone economy and developed a stronger appreciation of the processes that shape a gemstone’s value—from extraction to trade.”

The visit extended to the Karawita Mining Area, where students observed both artisanal and mechanised mining, followed by demonstrations of traditional Geuda sapphire heat treatment in Ratnapura. They also explored the gem markets of Ratnapura and Beruwala, engaging with traders to understand market dynamics, negotiation practices, and global trade systems.
At the Beruwala Gem Cutting Workshop, students witnessed the precision of cutting and polishing sapphires, gaining insight into how cut, clarity, and colour determine value.
GSI’s CSP diploma programme in Jaipur, continues to emphasise the importance of combining theory with intensive practical sessions. Whether students are learning to identify over 1,000 varieties of gemstones, visiting gemstone cutting factories, or learning from industry leaders through guest lectures, the programme provides them with the kind of experience that cannot be learned from textbooks alone.
Through the CSP programme’s experiential approach, students gain a nuanced understanding of the entire gemological process, from mining and cutting to trading. This holistic education not only prepares students to become experts in the field but also shapes them into well-rounded professionals who can drive innovation and ethical practices in the gemstone industry.
National News
Gold & Precious Metals – A future outlook
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise


- Jewellers were advised to use a mix of futures and options for risk mitigation


- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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