March 20, 2017

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Gems and jade sales kick off in Nay Pyi Taw

The emporium featuring thousands of uncut gems and jade stones exhibited for sale at Mani Yadana Gems Hall in Nay Pyi Taw began yesterday morning.
Altogether, 4,454 jade lots and 195 gem lots were on sale through the open tender and auction system only to local jade traders throughout the emporium.
“The emporium is open to businesses dealing in uncut gems and jade stones on a manageable scale working locally under license and not working extraction but in producing finished products”, said Deputy Director U Than Zaw Oo of the emporium organising committee. “So raw gems and jade stones are sold in kyats to them to create the market of finished products. By doing so there will be more job opportunity related to jade and gems businesses in Myanmar.”
During the emporium, price bidding forms for jade and gems will be submitted from 19 to 20 March and will be sold with open tender system on 21 March.
It has been declared that jade lots ranging from No.1 to No.1500 will be submitted for price bidding forms from No. 0 to 1500 on 21st March and continue to be sold on 22nd March. Submitted price bidding forms from No.1501 to No.3000 will be on 22nd March and will be sold on 23rd March and submitted price bidding forms from No.3001 to No.4454 will be on 22nd March and will be sold on 23rd March with an open tender system.
The chairman of the natural resources and environmental conservation committee U Kyaw Thi Ha and members and Nay Pyi Taw City Development Committee members U Min Thu and Daw Sabei Htwe visited the emporium yesterday, it is learnt.—Min Min Zaw (MNA)

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