Meet Mandalay’s jade matriarchs

It’s the men who haggle at the markets, but Myanmar’s jade industry is run predominantly by women, and they are optimistic about its future despite the moratorium on jade mining Every morning at 9am, the intersection of 86th and 40th streets in Mandalay is awakened by the clanging of jade bangles. Traders and brokers in […]

Mandalay trader petitions for mining halt

A Mandalay trader is circulating a petition calling for an immediate but temporary halt to jade mining and a revamp of export procedures, warning the Mandalay market could be headed for disaster if business continues as usual. The petition will shortly be submitted to a Regional and Union-level officials, with its main backer hoping it […]

Jade and Redwood Traders Struggle in China

China’s jade and redwood traders are seeking to diversify their business as domestic demand drops and the Myanmar’s new government tightening its grip over natural resources. “The sales of high-end gemstones have been tepid the last two years,” Kyaw Win Khaing, a Chinese-born Myanmar national who has been selling Myanmar jade in Ruili, Yunnan Province, […]

Over-Extraction, Chinese Slowdown Blamed for Jade Price Slump ​​

RANGOON — With the government’s biannual gem emporium looming at the end of this month, prices for Burmese jade have continued to slide against weakening demand. Industry insiders have blamed an economic slowdown in China, over-extraction in jade mines, and market uncertainty linked to the transition of power to a democratically elected government in Burma. […]

Myanmar gem firms say $138m ‘missing’ from industry fund

YANGON (AFP) – An embezzlement probe has been launched after nearly US$100 million (S$138 million) vanished from a fund set up by Myanmar’s gem companies, a trade body said on Thursday (June 2), raising corruption fears in an industry notorious for its shady dealings. Mining – especially for jade – was firmly in the hands […]

At least 12 dead in Myanmar jade mine landslide, many feared missing

YANGON: A landslide in Myanmar’s northern jade mining region has killed at least 12 people and many more are missing, officials said Tuesday (May 24), the latest deadly accident to hit the shadowy but lucrative industry. The bodies were recovered after a wall of unstable earth collapsed Monday night following heavy rain in the town […]

In Burma’s wildest corner, jade, drugs and rebels will test the new government

MYITKYINA, Burma — The jade tycoon of Burma lives behind stone walls and a sophisticated security system. A visitor must be buzzed through a gate into the garden, pass a hunk of jade as big as a compact refrigerator, enter through a sliding screen and glide by the preserved tusks of the family elephant before sitting […]

Senior officials implicated in Myanmar jade probe: official

Two senior Myanmar officials were purged from their posts this week after an investigation over corruption in the country’s multi-billion-dollar jade mining industry, authorities said Friday. Yangon – Two senior Myanmar officials were purged from their posts this week after an investigation over corruption in the country’s multi-billion-dollar jade mining industry, authorities said Friday. The […]

Jade Trade: Official Export Earnings Down for 2015

RANGOON — Revenue derived from Burma’s official jade exports declined in the first nine months of the 2015-16 fiscal year, as the lucrative industry continues to draw fire over safety, ethical and environmental concerns. According to figures from the Ministry of Commerce, US$567 million in revenue was derived from jade exports from April to December […]

New Myanmar government to tighten safety after jade mine disaster

Myanmar’s newly elected government said on Tuesday that it plans to tighten safety controls at the country’s poorly regulated jade mines after a landslide swept over a mining encampment, resulting in a death toll expected to reach around 200 people. Aung San Suu Kyi’s National League for Democracy(NLD) won a resounding victory in the country’s […]