US Gems Association Eyes Trade Ties as Sanctions End

The American Gem Trade Association (AGTA) arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade. The association’s president, Jeffrey Bilgore, said the mission had been […]

Myanmar jade market hit hard by halting of Chinese government loans

The Myanmar jade market has taken a huge hit as the Chinese government has stopped the provision of loans to Chinese jade traders, it is known from the market. “The [Chinese] government has pushed back the handing out of loans to [Chinese] jade buyers. Those big businessmen [Chinese jade buyers] have partnerships with [Chinese] banks. […]

Myanmar’s Old Guard Clings to $8B Jade Empire

HPAKANT, Kachin State — Tin Tun picked all night through teetering heaps of rubble to find the palm-sized lump of jade he now holds in his hand. He hopes it will make him a fortune. It’s happened before. “Last year I found a stone worth 50 million kyat,” he said, trekking past the craters and […]