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The Sri Lanka Gem & Jewellery Association (SLGJA) was declared and recognized as the Apex Trade Association representing the gem & jewellery industry of Sri Lanka in the 2003 budget of the Government of Sri Lanka. The Sri Lanka Gem Traders Association which had been constituted under the auspices of the Ceylon Chamber of Commerce in 1970, was restructured as Company Limited by Guarantee in March 2002 by incorporation under the provisions of The Companies Act No of 1982. In the same year the four leading trade association in the country decided to merge together to form an Apex Organization.