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Myanmar jade industry gathers dust despite China-led boom

NAYPYITAW — The jade mining industry in Myanmar, one of the world’s richest sources of the gem, is scrambling to meet rising Chinese demand, sometimes at the cost of human lives. Yet this booming trade has not translated into growth beyond the dangerous work of extraction. In fact, Myanmar’s jade processing industry has languished, mainly […]

Five killed in Myanmar jade clash

YANGON: Police in northern Myanmar opened fire on hundreds of local residents who tried to enter a jade mine, killing at least five and injuring 20 others, state media said on Friday. Five policemen were also reportedly hurt. The official Myanmar News Agency said 50 jade seekers initially tried to force their way into the […]

Kachin State jade-mining area to get environment plan

An environmental management plan (EMP) to regulate and ensure sustainable mining in Lone Khin area of Hpakant township in Kachin State has been completed, a consultant of the Australia-based company that drafted the strategy said Monday. The plan, which included assessment of the social impact of excessive jade mining in these areas, was prepared by […]

Dealers hurt by jade arrests

The dealers of uncut jade pieces in Hpakant Township, Kachin State, say they are hurt by continuous jade arrests. The arrests began this year where the police and army inspect cars and motorcycles at the city gates for uncut jade pieces. The dealers say they have to pay money to recollect the confiscated jade later. […]

Government Fixes Price for Massive Jade Stone at US$6 Million

RANGOON — The price of a massive unearthed giant jade stone in Hpakant Township, Kachin State, has now been fixed by the government’s Myanmar Gems Enterprise as worth around 7 billion kyats (around US$6 million). The 210-ton stone was discovered on Oct. 10 at Yadanar Taung Tann Gems Company’s mine, which is operating in a […]

Jade Trade: Official Export Earnings Down for 2015

RANGOON — Revenue derived from Burma’s official jade exports declined in the first nine months of the 2015-16 fiscal year, as the lucrative industry continues to draw fire over safety, ethical and environmental concerns. According to figures from the Ministry of Commerce, US$567 million in revenue was derived from jade exports from April to December […]

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 […]