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 […]