Nearly 1000 jade lots worth Euro 60 mln sold on 8th day of Gem Emporium

24 September

THE Mid-Year Myanma Gems Emporium  2019  entered  its  eighth day yesterday, with 975 jade lots sold for 60.968 million euros through open tenders at the Mani Yadana Jade Hall in Nay Pyi Taw.

Jade  lot  numbers  3912  to  5211 were put on sale yesterday. Gem merchants observed jade lots on display outside the hall, which opened at 7:30 am, and submitted their tenders. Jade lot  numbers  5212  to  6511  will  be  sold  on  24  September  and  lot numbers 6512 to 7811 on 25 September. A total of 1,300 jade lots will be sold each day under the open tender system. 

Jade is a major source of export earnings in Myanmar.

Among  other  countries,  China is the largest jade buyer from  Myanmar,  purchasing  nearly 99 per cent of the total jade export. The largest jade trader groups come from China,  Hong  Kong,  Japan,  and  South Korea to the Gems Emporium in Myanmar, which is held  in  Nay  Pyi  Taw  twice  a  year.  The  emporium  will  be  held until 25 September. A total of 6,865 merchants from 26 countries were invited to the emporium.

Myo Thu Hein (Photo Aye Than)
(Translated by TTN)