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 PENETRATING INTO INTERNATIONAL MARKETS


 
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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
manv tourists.

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.

 

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Copyright © 2006 by Myanmar Gems.
Prepared by DPS. Last Modified: 23 May, 2008 (slm)

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