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Confusion over taxes for Yangon jewellery fair

The amount of taxes on sales transactions during the recently concluded Third Yangon International Gems and Jewellery Fair have yet to be determined, officials said. Several days after the conclusion of the fair, the relevant authorities still have not agreed on the taxes for certain transactions,” Daw Myint Thet Naing, vice chair of the Yangon […]

Neighbouring countries building stronger gems markets than Myanmar

Neighbouring countries are building stronger gems market than Myanmar, which is the country of origin for many gems. Nearby countries are enjoying greater benefits than Myanmar, which is producing the gems and jewelleries, said U La Hpai Khun Sa, chairman of the Myanmar Gems and Jewellery Entrepreneurs’ Federation. “The raw gems, which are produced in […]

Myanmar to hold gems, jade sales in local currency next year

YANGON, Dec. 10 (Xinhua) — Myanmar has planned to hold gems and jade sales in local currency Kyat in capital Nay Pyi Taw in January next year, said a release from Myanma Gems Enterprise (MGE) on Tuesday. Scheduled to be held on Jan. 2 to 7 next year, the gems and jade sale is organized […]

No takers for gem-trading licences

No one has applied for licences to trade raw and finished gems at Mandalay’s Kyauk Wine gem market, where thousands of people trade daily, said U Maung Maung Shein, deputy general manager of Myanmar Gems Enterprise (Mandalay). Under the gems law, merchants can apply for three kinds of licences, and no one has applied for […]

Illegal jade trade still thriving despite mining suspension

Myanmar jade is still being smuggled across the border to China in large quantities despite the government having suspended new licences for two years now, U Zaw Bo Khant, vice chair of the Myanmar Gems and Jewellery Entrepreneurs Association said at a gems forum last week. That implies the existence of a large and illegal […]

Parliament passes gemstone bill amid criticism

Myanmar’s parliament has passed a controversial bill governing the gemstone sector, paving the way to restart the licensing of mining companies after a two-year moratorium. Upon taking office in 2016, the National League for Democracy-led administration suspended issuing new or extension of existing gemstone licences pending a governance review intended to clean up the sector. […]

Myanmar continues efforts to generate international demand for local gems

The Second Yangon International Gems and Jewelry Fair is set to take place in Yangon’s Lotte Hotel from January 9 to 13, according to the Gems and Jewellery Entrepreneurs Association The association is organising the event in the hopes of developing the gems and jewellery trade in the country, penetrating international markets, and developing cooperation […]

Myanmar to hold raw gems, jade fair

Myanmar will hold special sale of raw gems and jade in local currency Kyat in Nay Pyi Taw on Nov. 12-17, the Information Ministry said on Wednesday. Only local licensed and authorized buyers are allowed to attend the six-day fair, aiming to provide more raw materials to the country’s finished gem industry, promote development of […]

Myanmar’s state-owned enterprises show how much reform is still needed

NOTHING has been made in the engine factory in Thagaya, in the south of Myanmar, since April last year. Yet around 350 employees still turn up each day. In 2016 government-owned factories like this one made a loss of more than $200m. When Myanmar moved from military dictatorship to a form of democracy, its new […]

Ministry of Natural Resources and Environmental Conservation, Central Committee for Holding Myanma Gems Emporium , The Information on Fifty-Fifth Myanma Gems Emporium 2018.

1. The significant Fifty-Fifth Myanma Gems Emporium will be held on June 20 to 29 , 2018 at Maniradana Jade Hall in Nay Pyi Taw . 2. Rough jade, rough gems, cut and polished gemstones, jewelries, jade carvings , gold and silver wares and gemstone pictures will be sold in Euro currency at the Emporium. […]