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 […]

Myanmar’s elusive gift from god

Ever since I was a little girl I had dreamed of going to Myanmar’s famed ruby mines of Mogok. My father was a gems dealer and I would spend hours watching him cut and polish the raw stones until they sparkled. Yet however much I nagged, he always refused to teach me the trade. “Gems […]

Welcome to Mogok, Myanmar’s mysterious mining mecca

High in the hills of northeastern Myanmar, past a few sleepy army checkpoints on a stretch of road where mobile phones lose their signal, an ageing signpost set against a mountainous landscape reads: “WELCOME TO RUBY LAND”. This is the entrance to a little-known and seldom-visited town called Mogok, which is said to be the […]

Mogok precious stone brokers faced with scarcity of raw stones and high price

Gem stone brokers from Mogok are being faced with a scarcity of raw gemstones and high prices because the permitted companies engaged in precious stone mining in Mogok do not auction off the stones in external markets, said the stone brokers. The companies are taking all of the gem stones dug by machinery and these […]

Ban on Burmese Gemstones Lifted, Task Force Visits Myanmar- AGTA

October 24, 2016 – Dallas, TX — Responding to the concerns of its members regarding U.S. sanctions and perceptions of the Myanmar Gem and Jade sectors, the American Gem Trade Association (AGTA) developed a coalition of the U.S. Jewelry Industry to make a scoping mission to Myanmar. This mission was similar to past AGTA efforts […]

Thahara Announces Entry into the Myanmar Online Travel Agency Market

YANGON, Myanmar, July 7, 2016 /PRNewswire-iReach/ — Thahara, Myanmar’s pioneer in offering unique hotel and travel experiences, today announced its entry into Myanmar’s online travel agency market. The new Thahara arm is the first specialized boutique hotel online travel platform to solely focus on Myanmar. The Thahara platform is marketing a handpicked range of some […]

Mogok residents hope to reclaim ruby trade

Mogok residents want one thing from the incoming government: the right to take back their rubies. Gem traders living and working in the Mandalay Region township, famed for the quality of its rubies, say most local mines are run by outsiders. Now they want the incoming National League for Democracy government to grant more operating […]

Mogok residents to receive ruby mining licences

Long-term residents of Myanmar’s ruby mining centre will be offered licences to mine for the precious stones, according to the Mandalay Region minister for forestry and mining, U Than Soe Myint. In order to help increase job opportunities and reduce poverty in the area, households that have been in Mogok for more than 20 years […]

Mines Buried in Paperwork

declaration has been made to gem mining companies in Mogok, warning them to re-register their companies, according to the Myanmar Gem Mining Permission Inspection and Supervisory Committee. There are 150 companies which require permit extensions, the majority of which are locally-owned. These companies which began operating in the past three years were required to re-register […]