58th Myanmar Gems Emporium: Emporium winds up successfully

Supervised by the Ministry of Natural Resources and Environmental Conservation and organized by the Central Committee for Organizing Myanmar Gems Emporium, the 58th Myanmar Gems Emporium is being held at the Mani Yadana Jade Hall in Nay Pyi Taw from 17th to 23rd March. On 23rd March, the remaining 650 Jade lots were put on sale. 

According to the official of the Central Committee for Organizing Myanmar Gems Emporium, the bids for jade lots (from No 1,501 to No 2,150) were opened and examined by officials and the highest bidders for 430 jade lots were announced. Out of 295 pearl lots on display, a total of 290 lots were sold on 18th and 19th March. Out of 120 gem lots on display, a total of 77 lots were sold on 20th March. Out of 2,150 jade lots on display from 17th to 21st March, a total of 1,544 lots were sold.

Regarding with the sale, Foreign gem merchants are allowed to make payments in USD, Euros, Yuan and Thai Baht and for the local gems merchants, they have to make payments with Myanmar kyats equal to the market price.

Khin Moe Swe, Ruby and Amber Gemstones Trading said "We annually sell the finished gem products at the emporium. We sell the products produced from Myitkyina, especially ambers, amber finished goods and related products. By holding the Gems Emporium, we have a chance to show our gems and jewelleries to foreigners and for the locals, they have also opportunities to observe and purchase the finished products of other regions and states. "

Cho Cho Aye, Myat San Finished Jade Souvenir Shop said "We display jade carving items and jade jewelleries. Chinese gems merchants mostly buy the jade carving items and the locals buy bracelets. I am very pleased to give opportunity to me to display our jade products here. "

2,394 local gems merchants, 318 foreign gems merchants and 367 company staffs, totaling over 3,000 attend the emporium. By organizing such the 58th Myanmar Gems Emporium, there are benefits such as more earning of foreign currency for the country and the economic opportunities for the people.