KUNMING, Jan. 16 (Xinhua) — It was almost midnight and the livestreaming sessions were still going strong in a Chinese jade market. The market was bustling with hordes of jade dealers and livestreamers, and you could hear excited shouts of “Deal!” from time to time. Welcome to the Jiegao Jade Market in southwest China’s border […]
China’s 9 Air spreads its wings in Mandalay
One of China’s most popular airlines, 9 Air, began a Guangzhou-Mandalay route last week, boosting the country’s sagging tourism industry amid increasing interest in the jade market. From October 2, the airline started direct flights between the two cities three times a week, on Tuesday, Thursday and Saturday, according to Ji Guangping, chief of 9 […]
US sanctions force jade into a corner, say traders
Jade traders say US sanctions have forced them to rely on Chinese investors and buyers, who dodge taxes and operate with little to no transparency. If Washington were to remove sanctions, they say, it would speed up reform in the troubled sector. Since the US banned imports of gems and jade in 2003, China has […]
Burmese-Only Jade Sale Pegged for December
RANGOON — The Myanmar Gems Enterprise will hold the year’s first and only jade sale exclusively for local traders in Naypyidaw this December, with industry players hoping to see more purchases of raw jade and jadeite made with value-added intentions. In Thursday’s state-run newspapers, the Ministry of Mines’ Myanmar Gems Enterprise announced that the central […]
Declining market threatens small-scale miners in jade central
The jade market in Hpakant,Kachin State, the jade central of Myanmar, has ground to a halt threatening the survival of small-scale mining companies, according to the merchants and locals. Low prices are being offered for high quality jade pieces,while lesser pieces are proving almost impossible to sell. “Despite clashes between the military and KIA (Kachin […]
Jade market planned for Muse economic zone within six months
Mandalay – Muse Central Economic Zone Project Director U Ngwe Soe says arrangements are being made to build a jade market in the Muse economic zone within six months. The director told Mizzima October 23 that the aim is to create a market for local gem merchants to sell jade, gems and Ingyin fossils without […]