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 […]

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 […]