Mandalay jade traders say worst year ‘ever’ for sales

Jade traders in Mandalay say this could be the worst year ever for business. The main cause they cite is the absence of Chinese buyers, possibly nervous about the outcome of next month’s election. In interviews on October 25 at the Maha Aung Myay Gem Trading Centre, one trader after another bemoaned their current lot. […]

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 […]