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May 31, 2020

178 pearl lots sold on day two of Gems Emporium

Traders evaluate the quality of raw jade stones at the 56th Gems Emporium in Nay Pyi Taw yesterday.

On the second day of 2019 56th Gems Emporium, 178 pearl lots were reported to be sold at Euro 1.029 million.
A total of 182 pearl lots were put up for sale through an open tender system on the second day of the emporium out of which 178 lots were sold. Of the sold lots, all 132 Government owned pearl lots were sold fetching Euro 719,794. There were 50 private companies owned pearl lots out of which 46 were sold at Euro 389,422 said Pearl Work Committee secretary Assistant General Manager Daw Mya Mya Win. Through local and foreign exhibits and emporiums, more people were getting to know Myanmar pearl and its market share had been expanding. In the world’s pearl market South Sea Pearls are rare and most valuable with gold and silver colors and Myanmar’s golden pearls were not only of good quality but also durable for long term and thus is becoming a favored pearl in the world market. Myanmar pearl production is learnt to be around Myeik archipelago in Taninthayi Region it is learnt.
Over 2,400 gem merchants from China, Thailand, Australia, the US and India and more than a thousand local gem merchants were registered to attend the gems emporium. The 56th Gems Emporium will be held from March 11 to 20 at Mani Yadana Jade Hall in Nay Pyi Taw. A total of 6,974 jade lots, 400 gem lots and 274 pearl lots will be put on sale it is learnt.

News: Kyaw Thu Htet
Photo: Aye Thant (MNA)
(Translated by Zaw Min)


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