March 25, 2017

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Gems and jades sales fetches five folds more than floor price

Buyers and bidders at the Mani Yadanar Jade Hall in Nay Pyi Taw. Photo: MNA

Sales of jade lots and uncut jade in Myanmar currency continued at the Mani Yadanar Jade Hall in Nay Pyi Taw at the early 2007.
During the emporium, 4649 lots of gems and jades were exhibited with the floor price of K 10815.68 million and 4267 lots totaling K 61915.20 million had been sold out and got five times more than the original floor price.
Deputy Director of the Ministry of Natural Resources and Environmental Conservation, U Than Zaw Oo said that jade traders will need to pay 5% of the total price value of each of them as a deposit. The current sold out list is still not a real buyer’s list because all the buyer of the jades and gems can be paid within 60 days after being bought and we have not got the exact value of cash for all the sold out items.
It is reported that the exhibition started from 19 to 24 March and a total of 1865 visitors gathered at the emporium.
During the exhibition, 130 lots of raw gems totaling K 5974.87 million among the exhibited 195 lots and K 55940.33 million worth of 4137 lots of utility jades among the exhibited lots of 4454 were sold out accordingly.—Kyaw Thu Htet (MNA)

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