€1.3 Million Worth Pearls to be on Display at Exhibition

More than 100,000 pearls worth €1.3 million will be displayed and sold by Myanma Pearl Enterprise in the 53rd Myanmar Jade, Gems and Pearls Emporium this month. The exhibition will be held at Maniyadanar Jade Hall in the capital Naypyitaw from June 24 to 26. Approximately 250 series of pearls will be displayed in the […]

Foreign traders attend first pearl sale

Foreign merchants have been invited to attend a pearl sale in Nay Pyi Daw for the first time, as Myanmar becomes better known in the international pearl market. The 34th pearl sale is being held at the Mani Yadana Gems Hall from December 22 to 24, with Chinese and Japanese traders rubbing shoulders with local […]

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 […]

Jewellers demand new gems law

Local jewellers are calling for the government to privatise their multibillion dollar a year industry and allow for individual traders to export rare commodities directly under a more favourable tariff scheme. Jewellers said that a limitation on exports of raw and polished precious stones to sales at government-run emporiums and selected markets was strangling the […]

China Wanbao to double investment on copper mine

Despite an amended agreement allocating the company a lower percentage of mining profits, Wanbao’s general manager in Myanmar Geng Yi said that the Chinese firm will double its investment on the project to a sum of up to US$997 million. “We have invested $600 million to date,” he said, “and we will up to $997 […]