July 04, 2017

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Jade sales reach €36.56m on fifth day of emporium

A jade stone being appraised at the 53rd Myanmar Gems Emporium at the Mani Yadana Jade Hall in Nay Pyi Taw. Photo: Kyaw Ye Swe
A jade stone being appraised at the 53rd Myanmar Gems Emporium at the Mani Yadana Jade Hall in Nay Pyi Taw. Photo: Kyaw Ye Swe

Myanmar’s 53rd Gem Emporium entered its fifth day fetching Ks47.6bn (€36.56m) in sales of 624 lots of jade through an open tender system. According to sources, sales reached Ks56bn (€42.97m) euros yesterday as 312 lots of pearl were sold for Ks4bn(€3.12m) and 63 lots of gems were found buyers for Ks4.2bn (€3.29m) on previous days.
1000 lots of jade are on sale until 3 July with reserve prices set at Ks261m (€200,000) per lot, an auction will be held from 4-6 July to sell what stocks remain.— Myanmar News Agency

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