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 […]

Carving a niche in jade

There are a few craftspeople at Mandalay’s Mahar Aung Myay market who stay out of the buying and selling fray, but instead work the precious stones into statues. Yet the business is small compared to the volume of jade moving through the market. Most stones are ultimately crafted into jewellery in China, meaning the financial […]