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June 17, 2019

1,000 tonnes of jade exported in first half of April

A trader evaluates jade stones at the Gems and Jade emporium in Nay Pyi Taw in March. Photo: MNA

Nearly 1,000 tonnes of jade were exported in the first 15 days of April in the 2017-2018 fiscal year, according to the Commerce Ministry.
Myanmar’s raw jade stones were exported to China through the Muse border trade camp. During FY 2015-2016, 302.912 tonnes of raw jade stones worth US$62.276million were sent to China market whereas a total of 11,119.662 tonnes of jade stones worth US$246.736million were exported in FY 2016-2017.
Similarly, 954.186 tonnes of raw jade stones worth US$91.760million were sold through an emporium held in the middle of 2016, which were sent to China market from 9th to 15th April.
Currently, precious stones produced in the country are mainly sold only at the emporiums organized by the State. Therefore, there is a plan to allow the private sector to officially run the precious jewellery market, it is learnt.—Ko Htet

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