Myanmar to Promote Local Gemstones, Jewellery for Higher Value

Myanmar will hold its first value-added gems and jewellery fair at the Lotte Hotel in Yangon between January 11 and 14, according to the Yangon Gems and Jewellery Entrepreneurs Association.

The fair aims to showcase processed stones and jewellery pieces made from Myanmar gemstones.

In fact, Myanmar-produced rubies, sapphires and jade are among the best in the world. Up and until now though, Myanmar’s gemstone traders and entrepreneurs had only sold raw or uncut gemstones to buyers from around the world.

But Myanmar is now upping its game as part of its strategy to raise its value proposition and become an international value-added gems market. From this year on, it will begin to showcase processed stones and jewellery made using modern techniques and based on international-standard designs, according to U Aung Myint, vice-chair of Gems and Jewellery Entrepreneurs Association in Yangon.

“The value-added gemstone fair this year will be Myanmar’s first step towards becoming an international-standard gems and jewellery market,” said U Thiha Thein, treasurer of the Gems and Jewellery Entrepreneurs Association.

 

Source: Myanmar Times

 

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