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 […]

Jade sales at 54th Gem Emporium down due to poorer quality

The jade exhibition, which opened on August 2 at the Mani Yadana Jade Hall in Nay Pyi Taw, closed August 11 after raking in €518 million worth of gems sold through an open tender system. A total of 105 out of 326 gem lots were sold for €3.07 million, while 5,092 out of 6,561 jade […]

Prospectors Sued After Finding Massive Jade Boulder on Company Land

Five prospectors who found a jade boulder weighing 8.7 tons have been charged with theft in Kachin State’s Lone Kin jade mining region. According to police, U Nay Tun—the Deputy Director of Myamar Gems Enterprise office of Lone Kin—filed a lawsuit against prospectors Htoo Zaw, Mon Khaung, Naing Win, Wa Lone and Myo Khin, accusing […]

Myanmar’s FDI rush recedes

Myanmar’s economy looked like it was enjoying a brisk tailwind after progress in democratization led the U.S. to lift its sanctions last year, but the boost appears to be waning. The government that took office in March 2016, with pro-democracy icon Aung San Suu Kyi as its de facto leader, has so far proposed few […]

Jade and jewelry exports fetch over US$57million in four months

The export of jade and jewelry in four months of this fiscal year (FY) fetched over US$57million in four months of this fiscal year, it is learnt from the Ministry of Commerce. The export of raw jade from 1st April to 31st July in this FY amounted to US$53.016 million, with an export volume of […]

Open Tender for Gems, Jade & Pearl at 53rd Myanmar Gems Emporium. Registration start 1st June 2016.

Subscribe to our tender alert mailing list Government of the Republic of the Union of Myanmar Ministry of Natural Resources and Environmental Conservation Central Committee for Holding Myanma Gems Emporium The Announcement of Fifty-Third Myanmar Gems Emporium Under the supervision of the Ministry of Natural Resources and Environmental Conservation, Central Committee for Holding Myanma Gems […]

2017 EITI Report Aims for Full Membership

Myanmar submitted its first Extractive Industries Transparency Initiative (EITI) report at the beginning of January which included reports on the oil and gas, jade, gems and mineral sectors. Hydropower sector will be included in the 2017 EITI Report, according to Myanmar EITI. Myanmar currently stands as a ‘candidate country’ within International EITI and Myanmar’s inclusion […]

Chinese Jade Miners in Overdrive Ahead of New Myanmar Government

Using heavy earth-excavators and explosives, miners have been tearing into Myanmar’s northern hills in recent months, in a rush to excavate more jade from the world’s richest deposits of the gemstone before a new government takes office next year. Acres of forest have been felled, leaving behind craters, barren cliffs and a web of dirt […]

Booming Chinese Demand For Jade Fuels Armed Conflict And Entrenched Corruption In Myanmar

From the garden deck of his office, Yup Zau Hkawng looks over one of the greener cities in Asia. Myitkyina is the capital of Myanmar’s Kachin State, its wide boulevards lined with trees. The sleepy town boasts a bustling downtown market painted vivid green, just a few blocks from the modest but charming central library, […]

Sales tumble at annual Myanmar gem expo

YANGON — Myanmar’s annual gem emporium took in about €1 billion this year, but fell far short of last year’s record-breaking fair, news reports said Tuesday. The 13-day Myanmar Gems Emporium that ended Monday in the capital Nay Pyi Taw, brought sales worth €949 million from successful auctions of 8,943 lots of jade and 323 […]