The traditional method of gemstone faceting was carried out through traditional artistry and skilled heritance of a selected few by the use of the ‘Hanaporuwa’ or the Bow Cutting Method by the Gemstone and Jewelery industry of Sri Lanka. However, the commercial demands and the fastidious needs of the international markets has proven the inefficiency of the method to require the application of computer assisted precision technology. As such the industry finally adopted the Professionalism and the Flawless Precision of Japanese technology which was proven to be a “Cut Above The Rest” in comparison to offers of technology made by other nations. The engagement of Japanese Technology together with the natural flair for Gemstone Faceting traditionally inherent within the Sri Lankan Gemstone Cutting community has catalyzed the Sri Lanka’s recognition as the undoubted World’s best source in Free Size Cutting, Calibrated Cutting and Precision Cutting of Colored Gemstones inclusive of Diamonds.