No one has applied for licences to trade raw and finished gems at Mandalay’s Kyauk Wine gem market, where thousands of people trade daily, said U Maung Maung Shein, deputy general manager of Myanmar Gems Enterprise (Mandalay). Under the gems law, merchants can apply for three kinds of licences, and no one has applied for […]
Illegal jade trade still thriving despite mining suspension
June 3, 2019 by
Myanmar jade is still being smuggled across the border to China in large quantities despite the government having suspended new licences for two years now, U Zaw Bo Khant, vice chair of the Myanmar Gems and Jewellery Entrepreneurs Association said at a gems forum last week. That implies the existence of a large and illegal […]
Invitation for Open Tender, Fifty-Sixth Myanma Jade & Gems Emporium 2019
February 14, 2019 by
The significant Fifty-Sixth Myanma Gems Emporium will be held on March 11 to 20 , 2019 at Maniradana Jade Hall in Nay Pyi Taw. Rough jade, rough gems, cut and polished gemstones, jewelries, jade carvings , gold and silver wares and gemstone pictures will be sold in Euro currency at the Emporium. Gems lots and […]
National Mining Policy Needs Total ‘Rethink,’ Report Finds
March 15, 2018 by
CHIANG MAI, Thailand — Myanmar needs a new mineral resources policy and fresh laws developed through a transparent and consultative process if the mining sector is ever to be sustainable, the Myanmar Center for Responsible Business (MCRB) said at the launch of a sector-wide impact assessment (SWIA) report on March 8. The fourth SWIA based […]
Dealers hurt by jade arrests
July 27, 2017 by
The dealers of uncut jade pieces in Hpakant Township, Kachin State, say they are hurt by continuous jade arrests. The arrests began this year where the police and army inspect cars and motorcycles at the city gates for uncut jade pieces. The dealers say they have to pay money to recollect the confiscated jade later. […]
Quality jade shortage hits trade
August 7, 2015 by
Jade traders are complaining of meagre profits and sluggish sales at Mandalay’s Maha Aung Myay jade centre. Polished gemstone prices have peaked and sales languish, while jewellery and bracelets are selling for less than expected, traders said. High-quality stone is rare, said trader Ko Soe Nyunt, adding that he is waiting for better times. “This […]
The smuggled stone that was once more precious than gold
July 18, 2014 by
Myanmar, also known as Burma, is one of the world’s largest Jade producers – but with trade bound by international sanctions, many of the precious gemstones are smuggled out of the country. At first, I think it’s a waterfall. A wave of liquid sound comes towards me over the brackish waters of the Irrawaddy River. […]
EU to Start Investment Pact Talks With Burma This Week
March 19, 2014 by
HANOI — The European Union will launch negotiations this week for an investment pact with Burma, the EU’s top trade representative said on Monday, a deal aimed at giving European firms preferential access to one of Asia’s final frontier markets. Burma, an underdeveloped country closed off until 2012 to Western firms due to trade sanctions, […]
