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. We send out email alert on Tender and EOI as it happens. 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 […]

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 […]

IRD to Tax Gem and Jewellery Traders

Commercial and income tax would be collected from Myanmar gems and jewellery entrepreneurs under the newly-enacted Union Tax Law 2015, a top government official said. U Min Htut, director general of Internal Revenue Department (IRD), said, “Gem companies did not need to pay income tax last year. Under the new 2015 tax law, income tax […]

Jade exports to China generating millionaires and concerns in Myanmar

MANDALAY, Myanmar — Surging exports of jade to China have produced a number of millionaires in Myanmar and provoked concerns about the neighboring country’s overwhelming influence on the economy. Mandalay, the nation’s jade trade center, swarms with Chinese traders looking for good offerings of the green gemstone. Robust demand for jade in China has been […]

Gem Traders to Establish Bank

The Myanmar Gems and Jewellery Entrepreneurs Association is preparing to establish a bank for the purpose of allowing greater oversight to combat money laundering, said chairman U Yone Mu. “The inspection of bank accounts will be done by the government. We have a plan to open a bank not only in Yangon but also in […]

Jade jitters for 2015 trade

After 2014’s slump in Chinese demand and continued clashes in jade mining areas, dealers are looking to the year ahead with some anxiety. A shortage of quality stones coming to market, reduced interest from China and continued fighting in jade-rich Kachin State are the main reasons, according to the dealers. Mandalay jade dealers are largely […]