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Myanmar jade exports fetch nearly $300 million

Jan 16. 2018
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By Myanmar Eleven

Myanmar earned more than US$290 million (Bt9.27 billion) from jade exports up to the first week of this month in the country’s 2017-2018 fiscal year, which runs until September 30.

The previous fiscal year’s sales for the period were $404 million, said Khin Maung Lwin, assistant permanent secretary of the Ministry of Commerce. 

However, sales at the most recent gems and jade emporium were not included in the latest tally, he said, adding, “Yet, the list has not come to us.”

The “54th Myanmar Gems and Jade Emporium” was held from August 2 to 11 last year, fetching sales of 6,561 jade lots including one of €12 million (Bt469 million), along with 326 lots of gems. 

The country mines jade on a commercial scale in the Lonekhin and Hpakant regions, along with ruby in the Mogok and Mongshu regions and sapphire and other kinds of precious stones in Moetok.

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