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Colombo Jewellery Stores opens One Galle Face outlet with Sapphire Island Collection

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Sapphire Island Collection in collaboration with Miss Sri Lanka 2021 Sade Greenwood

Defining a century of style celebrating the Sri Lankan Blue Sapphire

Colombo Jewellery Stores (CJS) etched its milestone of a Century of Style with the opening of its latest store, at the One Galle Face Mall (Shop No. L1 – 59) Celebrating the opening of the outlet which makes the exclusive range of CJS jewellery accessible to the customer who defines style and sophistication, CJS launched its newest tribute to this Island of Gems with The Sapphire Island Collection exclusively available only at the One Galle Face store.

As the brand reaches its centurion milestone, CJS looks back on the skill, knowledge and experience of three generations that created a philosophy of uncompromising quality and artisanal flair. The heritage of this brand, built on the cornerstones of craftsmanship, quality, sustainability and creativity have presented a portfolio of showstopping jewellery and sophisticated accessories that are the epitome of elegance and pizzazz.

The Sapphire Island Collection is a collaboration with the first Youth Ambassador for Colombo Jewellery Stores, Miss Sri Lanka for Miss World 2021 the young and vibrant, Sade Greenwood. She brings with her a passion for uplifting society and protecting the environment, similar values upheld by CJS which has been actively contributing to a strong sustainability footprint since inception.

For the CEO of CJS Akram Cassim, this is a milestone that culminates not only a 100-year legacy but also heralds a new era of style. “Sade represents a new generation of jewellery design and the inspiration for the Sapphire Island Collection, which focused entirely on the magical Sri Lankan Blue Sapphire, our Island’s most treasured and historically significant gemstone.”

Sade, who will be an integral facet in promoting the Collection to the youthful customer segment said, “It is my honour, as Youth Ambassador for Colombo Jewellery Stores to launch the Sapphire Island Collection celebrating a Century of Style. CJS and I have similar passions for the betterment of our planet and I look forward to working closely with the brand to promote these causes, not just to better the lives of all but also to shed light on critical environmental issues facing our country.”

The new CJS Store with its highlights of bronze trimmings and interiors in a palette of biscuit and chocolate brown showcases the Collection that has been curated and designed to inspire all jewellery aficionados. The store embellishes the dazzling Sri Lankan Blue Sapphire and other precious gems with its modernity juxtaposed with the look of an era gone by, expressed through the eyes of visionary architect Murad Ismail of MICD Associates, who said, “Drawing inspiration from an establishment with a hundred-year history, I was able to create an ambience that celebrates the commitment to artistry that defines CJS.”

For one hundred years, CJS has curated the finest Sri Lankan gems and crafted the most exquisite jewellery. The history of this iconic homegrown brand is a reflection of the long and illustrious past of the country’s own gem and jewellery industry.

The Sapphire Island Collection highlights this legacy and the uniqueness of this Gem of Love, with its one-of-a-kind pieces that stamp a true style statement with unique designs and intricate cuts that masterfully intersperse dazzling Blue Sapphires with clusters of Diamonds. With superior quality and artisan skill at the helm of each virtuoso piece, CJS now adds its latest signature to this spellbinding Sri Lanka Sapphire Collection.



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OKLO adds new feature to Ceylon Tea SmartAuction platform

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OKLO Private Limited, a leading Sri Lankan solutions provider for the Ceylon Tea e-Auction platform, recently added an all-new segment for factories in its SmartAuction platform. This new feature provides over 650 factories with the chance to value and grade teas within the system, printing final catalogues, real-time and post-sales reports, and viewing their tea variants being auctioned live. For the first time, a live auction participation option has been instigated for all stakeholders and factories in the country’s 150 years of auctioning history. The availability of this platform would now allow the tea-producing community to benefit from newly added or enhanced functionalities similar to other stakeholders.

With tea being the most significant commodity to be auctioned in Sri Lanka, it is also one of the most significant contributors to the local economy. As Ceylon Tea has already garnered a worldwide name, the branding has enabled Sri Lanka to be placed on the map as an influential tea-producing entity. At the same time, this functionality can also be utilised by other organisations that market commodities such as rubber, spices and coconut. Being present via an e-Auction paves the way for more competition among buyers and sellers.

Regarding the inclusion of their new feature, OKLO Private Limited, Managing Director – Thilanka Withanage stated, “Since the Colombo Tea e-Auction went live on the OKLO SmartAuction platform, the team has been releasing advanced features and functionalities to all stakeholders. With the release of the latest version, all Sri Lankan tea factories can now have complete access to the platform, similar to all other stakeholders. Our objective is to maintain consistency in the face of tech innovation and uplift our nation’s ascent in the digital realm. We will continue utilising our nation’s talents and build cutting-edge, practical, impactful products that will set innovative strides.”

Sri Lanka Tea Factory Owners Association, Vice Chairman – Pasindu Pieris shared his views on the newly enhanced platform. He said, “This state-of-the-art solution from OKLO provided to the tea sector amalgamates all aspects related to dispatching tea from the factory to the point where it is sold at the auction through competitive bidding. Now, we can see our tea variants being sold at the auction right from our factory premises. The platform offers transparency and traceability while improving efficiency throughout the supply chain.”

OKLO is a Sri Lankan Technology Solutions Provider with current solution offerings in the Travel and Trading sectors. It was founded in 2011 and has been expanded to become one of the key players in the Travel IT sector, catering to some of the largest blue-chip companies such as Walkers Tours, Cinnamon Hotels, Jetwing Travels etc.For more information, email info@okloworld.com, call +94777320383, or visit www.okloworld.com.

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CSE trading marked by ‘a degree of sluggishness’; main indices decline

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By Hiran H.Senewiratne

CSE trading activities reflected a degree of sluggishness yesterday as most stock market investors are adopting a wait- and- see approach due to ongoing IMF discussions on bailing out the Sri Lankan economy, coupled with issues that surfaced in the coal purchase agreement between the Browns Group and a Chinese company relating to coal power generation, stock analysts said.

Amid those developments both indices moved downwards. The All- Share Price Index went down by 31.8 points and the S and P SL20 declined by 19.1 points. Turnover stood at Rs 3 billion with two crossings. Those crossings were reported in JKH, which crossed 150,000 shares to the tune of Rs 21.5 million with its shares trading at Rs 143 and CIC Holdings 241,000 shares crossed for Rs 20.5 million; its shares traded at Rs 85.

In the retail market top six companies that mainly contributed to the turnover were; Lanka IOC Rs 394 million (1.4 million shares traded), Expolanka Holdings Rs 237 million (one million shares traded), Richard Pieris Rs 146 million (4.4 million shares traded), ACL Cables Rs 138 million (1.3 million shares traded), JKH Rs 129 million (910,000 shares traded) and First Capital Holdings Rs 112 million (7.2 million shares traded). During the day 150 million share volumes changed hands in 30000 transactions.It is said that high net worth and institutional investor participation was noted in Expolanka Holdings, Sunshine Holdings and Lankem Developments.

Mixed interest was observed in Lanka IOC, ACL Cables and Royal Ceramics, while retail interest was noted in Browns Investments. The Capital Goods sector was the top contributor to the market turnover (due to ACL Cables and Royal Ceramics), while the sector index gained 1.23 per cent. The share price of ACL Cables moved up by Rs. 6 (5.69 per cent) to close at Rs. 111.50. The share price of Royal Ceramics recorded a gain of Rs. 1.70 (4.10 per cent) to close at Rs. 43.20.

The Food, Beverage and Tobacco sector was the second highest contributor to market turnover (due to Lankem Developments), while the sector index increased by 1.07 per cent. The share price of Lankem Developments appreciated by Rs. 1.50 (4.12 per cent) to close at Rs. 37.90.

Expolanka Holdings and Lanka IOC were also included among the top turnover contributors. The share price of Expolanka Holdings decreased by Rs. 2.25 (0.99 per cent) to close at Rs. 224.25. The share price of Lanka IOC closed flat at Rs. 290.50.Yesterday the Central Bank- announced US dollar buying rate was Rs 359.18 and selling rate Rs 369.93.

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Airtel Lanka records 1.7mn customers switch to Freedom Packs

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One year after the launch of Airtel Lanka’s industry-disrupting prepaid packs ‘Freedom’, the company announced a staggering 1.7 million users have switched to Airtel Freedom, as at the end of August 2022.

“We serve around three million customers in Sri Lanka, aided mainly by this unprecedented adoption of our Freedom packs. The overwhelming customer endorsement reaffirms our strategy of bringing simplicity and value through our products.” notes Airtel Lanka Managing Director/CEO Ashish Chandra.

Powered by Airtel’s world-class 5G-ready mobile broadband network, the telco has reimagined the overall offering and experience for customers, with a strong focus on ensuring value for money, and an advanced network experience. These factors undoubtedly resonate with most users, who are either data-heavy or call-heavy users.

Airtel Lanka’s initial innovation in facilitating unlimited, affordable access to the internet through Freedom Packs continued to evolve, with the telco introducing new world-class features to both its prepaid Freedom Packs and postpaid Freedom Plans

Airtel also disrupted the local telco market with the entrance of the Freedom Unlimited Rs.749 package, which is aimed at prepaid users. For a very affordable cost, users can now make unlimited calls to any network, with unlimited access to favourite social media platforms such as Facebook, Messenger, WhatsApp, and stream superior quality videos on YouTube for 30 days in addition to receiving additional 30GB anytime date.

Airtel was also the first telco to introduce unlimited calls for any network for a postpaid customer through Unlimited 1098. Priced at Rs. 1,098, an Airtel user has access to unlimited calls to any network, 40GB anytime data and SMS facilities. Additionally, Airtel is also the only telco to offer data rollover service for postpaid customers, allowing up to 200GB to be carried onto the next month’s billing cycle, saving data and expenses for the end-consumer.

Airtel Lanka has been part of implementing many industry-firsts in Sri Lanka’s telco space, and was also the first to introduce unlimited calls in Sri Lanka, on calls made to the same network. With the launch of Airtel Freedom, the company offers its users the ultimate convenience for all their voice, SMS and data needs, offering even greater savings compared to the competition. With the introduction of Unlimited, Airtel Lanka undoubtedly serves as a clear trendsetter for the country’s telecommunications industry.

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