Gems sales slump for second year running

Lack of interest from Chinese buyers and a shortage of quality wares again dogged the latest Gems Emporium at Nay Pyi Taw. Ministry of Mines estimates of sales in the high millions of euros appear to be hopeful at best. The 53rd emporium, which ran until yesterday, failed to attract substantial numbers of Chinese merchants, […]

Record Haul in Jade Sales to Burmese Traders

YANGON — Jade sales at a major gems emporium for local traders in Myanmar hit a record high this week, a spokesperson for the Myanma Gems Enterprise sales committee told The Irrawaddy on Tuesday. Min Thu, the assistant director of the Myanma Gems Enterprise sales committee, said jade sales totaled 126 billion kyats (US$126 million), […]

Myanmar sells $3bn in gems

Myanmar’s annual gem emporium took in more than $3 billion this year, the most ever for the country’s annual sale of gems and jade, organizers said Tuesday. Income reached $3.4 billion and saw the successful auction of 6,007 of 7,454 jade lots, 126 out of 436 gem lots and 224 of the total 342 pearl […]

Jade Mines to Resume Operations in Kachin State: Burmese Govt

YANGON — In northern Myanmar, where the vast majority of the world’s jade is produced, mining companies will soon be allowed to resume operations, following a two-year hiatus due to armed conflicts. The Ministry of Mines announced Tuesday that small- and large-scale miners can return September 1 to the resource-rich Kachin State. Mining operations were […]