Hpakant jade sales thrive as Mandalay market slumps

Jade traders in Mandalay say Chinese buyers are becoming an increasingly rare sight, as many seem to be buying directly from the mines in Hpakant. The jade market in Mandalay has been struggling since 2014 and neared collapse in 2015 with few buyers to be seen, said traders at the Maha Aung Myay Gems Trading […]

Jade market slumps as buyers stay away

More than two years into the slump, jade prices show no sign of recovery at Mandalay’s Maha Aung Myay jade market. Though some traders say they have made small profits, many others are holding back their stock to avoid selling at a loss. The two sales highlights of the year – the Chinese New Year […]