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 […]

Gem Traders to Establish Bank

The Myanmar Gems and Jewellery Entrepreneurs Association is preparing to establish a bank for the purpose of allowing greater oversight to combat money laundering, said chairman U Yone Mu. “The inspection of bank accounts will be done by the government. We have a plan to open a bank not only in Yangon but also in […]

Traders resist gem trading centre move

Gem traders are opposing plans to move the country’s largest gem market out of downtown Mandalay as the regional hluttaw mulls a proposal made by the city’s mayor to relocate to the city’s outskirts. Mayor U Aung Maung said he wants to start constructing a new trading centre, called the Jade Garden, at the intersection […]