Myanmar to hold pearl auction in Hong Kong to penetrate int’l market

YANGON, Feb. 22 (Xinhua) — Myanmar will hold its sixth International Pearl Auction in China’s Hong Kong Special Administrative Region starting Friday, the official Global New Light of Myanmar reported Thursday. In the three-day pearl auction with the aim of penetrating the international pearl market, Myanmar pearls of high value, produced from Myeik, the country’s […]

Deposit rate reduction on gem purchases underway

Preparations are being made to scale down the euro deposit rate for gems purchased at the 54th Myanmar Gems Emporium in Nay Pyi Taw in order ease the purchase process, said U Tun Hla Aung, the secretary 2 of the Myanmar Gems and Jewellery Entrepreneurs Association to Myawady newspaper. For jade transactions, international traders have […]

Chinese merchants manipulating Myanmar jade market

Myanmar gem merchants accused their Chinese counterparts of manipulate the jade prices out of concern that they would lose out to foreign competitors as more and more Westerners are entering the business. The accusations were made after the 50th Myanmar Gems Emporium, held at the Nay Pyi Taw recently. At the Gems Emporium, 272 gem […]