Jade sales fetch nearly $300 million

Myanmar earned over US$290 million (389.8 billion kyat) from jade exports up to the first week of this month in 2017-2018 fiscal year. Sales were down by over $210 million compared to the same period of last FY, according to the Ministry of Commerce. Last year’s sales for the period were $404, compared to $291 […]

Gold and jewellery trade centres to open in three cities

Gold and jewellery trade centres will be opened in Yangon, Mandalay and Nay Pyi Taw soon, said Planning and Finance Minister Kyaw Win on August 28. “We have already negotiated with various businessmen to open gold and jewellery trade centres, which will be open all year long. It will facilitate business for whatever they sell […]

Jade exports earnings plummet since last year

In the first four months of this fiscal year, jade export earnings reached US$24.8 million, down $85 million since the same period last year, according to an official from the commerce ministry. “In the same period last year, export earnings from jade amounted to $109.8 million,” the official said. “Revenues generated at the emporium held […]

First finished gem market to open in Yangon next month

Myanmar’s first-ever finished and cut gem market will open in the compound of Myanma Gem Museum in Yangon next month, according to Myanmar Gem Entrepreneurs Association. The market will include a laboratory to allow foreign gem merchants to conduct tests on finished and cut gems, said association chairman Yone Mu. Plans are also underway to […]