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Summary of Enforcement Actions Taken Against Gem & Jewellery Dealers for Regulatory Non-Compliance – 2025/2026
| SN | Nature of Offence / Non-Compliance | Date of Offence | Action Taken | Payment of Penalty | |
| 1 | A | Failure to submit records of transactions conducted in foreign currency | 30.09.2025 | Warning issued and penalty of LKR 30,000.00 imposed | 11.11.2025 |
| 2 | B | Submission of undeclared gemstones in an export consignment | 16.02.2026 | Warning issued and penalty of LKR 333,333.33 imposed | 09.02.2026 |
| 3 | C | Submission of undeclared gemstones in an export consignment | 18.02.2026 | Warning issued and penalty of LKR 333,333.33 imposed | 19.02.2026 |
| 4 | D | Submission of undeclared gemstones in an export consignment | 03.03.2026 | Warning issued and penalty of LKR 333,333.33 imposed | 05.03.2026 |
| 5 | E | Submission of undeclared gemstones in an export consignment | 06.03.2026 | Warning issued and penalty of LKR 333,333.33 imposed | 11.03.2026 |
| 6 | F | Dealing in gems without obtaining a valid Gem Dealer Licence | 21.07.2026 | Warning issued and fine of LKR 150,000.00 imposed | 21.05.2026 |
| 7 | G | Misleading the purchaser regarding the quality of Jewellery | 14.08.2026 | Warning issued and penalty of LKR 333,333.33 imposed | 14.08.2026 |
| 8 | H | Dealing in gems without obtaining a valid Gem Dealer Licence | 24.09.2026 | Warning issued and penalty of LKR 333,333.33 imposed | 29.09.2026 |
| 9 | I | Dealing in gems without obtaining a valid Gem Dealer Licence | 24.09.2026 | Warning issued and penalty of LKR 333,333.33 imposed | 29.09.2026 |
Administrative Penalty - Bullion Exchange
administrative_penalties_vogue jewellers
