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March 19, 2019

Vice President U Henry Van Thio graces opening ceremony of 56th Gems Emporium

Vice President U Henry Van Thio visits the 56th Gem Emporium in Nay Pyi Taw yesterday. Photo: MNA
Vice President U Henry Van Thio visits the 56th Gem Emporium in Nay Pyi Taw yesterday. Photo: MNA

Vice President U Henry Van Thio graced the opening ceremony of the 56th Gems Emporium held at the Mani Yadana Jade Hall in Nay Pyi Taw yesterday morning.
First, the Myanmar Gem Emporium Central Committee Chairman explained about the emporium and displayed exhibits to the Vice President on a LED Display Board.
Next, the Vice President inspected the displayed gems exhibits at the designated places.
The 56th Gems Emporium is the 94th exhibition and will be held from March 11 to 20. At the gems emporium raw jades, finished jade products, raw gems, finished gems, jewelries, gems similar to jade, carvings, gemstone arts and pearl lots will be displayed and sold on designated days.
At the gems emporium jade lot number 1 to 6974 will be put on sale through an open tender system from 15 to 20 March. Similarly 500 gems lots will be put on sale through an open tender system on 14 March while pearl lot 1 to 274 will be put on sale through an open tender system on 12 and 13 March.
The floor price for raw jade lots are Euro 5,000 and above, the floor price for finished jade lots are Euro 1000 and above. Floor price for gems lots were Euro 500 and above while floor price for pearl lots are Euro 1000 and above, it is learnt.
Tax rates will be based on the sale price and is 15 per cent for raw jades, 10 per cent for raw gems, 3 per cent for jewelry and 1 per cent for finished products.
MGJEA Chairman U La Phai Kunsar said the emporium was thought to be better than the past one because there were many high quality gems. Over 3,000 local and foreign gems merchants were expected to attend. He thought the emporium would be beneficial for the country, people and businesses, he added.
Present at the occasion were Union Ministers Dr. Aung Thu and Dr. Than Myint, Nay Pyi Taw Council Chairman Dr. Myo Aung, Amyotha Hluttaw Resources and Environmental Conservation Committee Chairman U Kyaw Thiha, Deputy Ministers U Kyi Min and Dr. Ye Myint Swe, members of emporium central committee and work committees, Hluttaw representatives, Permanent Secretaries, officials from Myanmar Gems & Jewellery Entrepreneurs Association (MGJEA), local and foreign gem merchants, local and foreign media and officials. — MNA (Translated by Zaw Min)

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