Quality golden pearls produced from Myanmar
displayed at the emporium.
YANGON, 15 March — Gems and jade products,
ornaments, jade figurines, private shops, and mosaics to be sold at fixed price
on the ground floor, imperial jade, commercial jade, utility jade, and uncut
jade stones at the environs of the hall, and gems lots and pearl lots to be sold
through competitive bidding system, as per the press release from the
organizers. According to the Deputy Minister Myint Thein, the quality jade, gems
and pearl lots will be sold through tender and auction systems at the 43rd
Myanma Gems Emporium this year.
165 gem merchants from 70 companies of 11
countries confirmed to attend the show. It is estimated that over 1,000 gem
merchants will attend the 43rd Myanma Gems Emporium. South Sea Pearl
is the most
popular in the world. At present, the quality golden pearls produced from
Myanmar will be displayed at the emporium.
Arrangements are being made to
put on display of 250 lots of pearl weighing 16,030.10 mommes. A total of 34
lots of pearl will be sold through competitive bidding and 216 lots of pearl
In the annual and mid-year shows in 2005, 29 million U.S.
dollars and 47.3 million dollars worth of locally- produced quality gems items
were put on sale respectively.
With regard to sales of jade stone, 2,459
jade lots including five quality jade stones will be sold. At the emporium, 251
lots of gems are displayed. They are 51 lots of Mongshu gems, and 204 lots of
Mogok gems including one ruby lot to be sold at 3.5 million euro floor price.
Furthermore, 1,045 items of ornaments will also be displayed at fixed
Myanmar started to hold gem shows annually in 1964 and since then
the country has earned a total of over 500 million U.S. dollars from such events
including the mid-year ones introduced since 1992 and the special sale since
2004, according to official statistics.
Myanmar is a well-known producer
of nine kinds of gems -- ruby, diamond, cat's eye, emerald, topaz, pearl,
sapphire, coral and a variety of garnet tinged with yellow and it has three
famous gem lands -- Mogok in Mandalay division, Mongshu in Shan state and
Phakant in Kachin state.
To boost gem mining industry, Myanmar enacted
the New Gemstone Law in 1995, allowing national entrepreneurs to mine, produce,
transport and sell finished gemstone and manufactured jewelry at home and
From 2000, the government began to mine gems and jade in joint
venture with 10 private companies under profit sharing basis.
Ksny - MyanmarGems