Mogok residents hope to reclaim ruby trade

Mogok residents want one thing from the incoming government: the right to take back their rubies. Gem traders living and working in the Mandalay Region township, famed for the quality of its rubies, say most local mines are run by outsiders. Now they want the incoming National League for Democracy government to grant more operating […]

Quality jade shortage hits trade

Jade traders are complaining of meagre profits and sluggish sales at Mandalay’s Maha Aung Myay jade centre. Polished gemstone prices have peaked and sales languish, while jewellery and bracelets are selling for less than expected, traders said. High-quality stone is rare, said trader Ko Soe Nyunt, adding that he is waiting for better times. “This […]

The smuggled stone that was once more precious than gold

Myanmar, also known as Burma, is one of the world’s largest Jade producers – but with trade bound by international sanctions, many of the precious gemstones are smuggled out of the country. At first, I think it’s a waterfall. A wave of liquid sound comes towards me over the brackish waters of the Irrawaddy River. […]

EU to Start Investment Pact Talks With Burma This Week

HANOI — The European Union will launch negotiations this week for an investment pact with Burma, the EU’s top trade representative said on Monday, a deal aimed at giving European firms preferential access to one of Asia’s final frontier markets. Burma, an underdeveloped country closed off until 2012 to Western firms due to trade sanctions, […]

Myanmar’s once restricted sites attract foreign tourists

Myanmar’s once-restricted tourist sites are becoming places of interest among the foreign visitors, according to the Ministry of Hotel and Tourism. Many famous sites such as Mogok city in Mandalay Region and Mrauk Oo in Rakhine State were once barred to foreign visitors. Although many are now open, some still require special permits. “In Rakhine, […]