MYANMAR, long known as source of high-quality precious
stones, is winning an increasingly large share of the
international gem and jewellery market.
Since the time of ancient Myanmar kings, the people have
been proud of their nation for yielding a large number of
valuable gems, including the famous Nga Mauk Ruby. And the
discovery of a huge jade boulder weighing over 3000 tonnes,
the largest on Earth, gained Myanmar renown as a nation rich
in natural resources.
The most popular Myanmar gems are ruby, sapphire, jade,
emerald, cat's eye, zircon, coral, topaz, diamond and pearl.
Places where gems and jewellery are sold -like Bogyoke
Market and FMI Centre -draw
Most Myanmar jewellery sellers agree that rubies are the
fastest selling gems, with sapphires coming in second and
jade standing third. Semiprecious colour stones have also
become popular. Jade is popular among Chinese buyers..
"Thailand is the biggest market for pearls," Daw Su Su Win,
the marketing executive of the MK gem and jewellery shop,
told Myanmar Times.
A symbol of the vitality of the Myanmar gem market was the
41st Myanmar Gems Emporium, held in Yangon Match 16-21. In
attendance to purchase gem lots were 1106 gem merchants: 637
representing 253 companies from 10 foreign countries, and
469 from 184 local companies.
In all 598 jade, gem and pearl lots totaling €18.5 million
were sold, as well as €25,295 worth of figurines and
ornaments, Jade transactions earned the most revenue.