US$577 million jade export in 2014-2015 FY
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Myanmar recorded US$577 million in gem sales during the 2014-2015 fiscal year, US$94 million less than that of the same period of last fiscal year.
Jade is mainly exported to China, Hong Kong and India and also there are sales of jade jewellries through gems emporiums held in foreign countries. Japan also purchases Myanmar jade.
According to Lower House Parliament meeting on March 10, 2014, percentage of tax on jade, ruby, sapphire, diamond, emerald, and other precious gems has increased to 30 percent.
In 2010-2011 fiscal year, more than US$2204 million worth of jade was exported, 2011-2012 fiscale year– over $34 million, 2012-2013 – over $297 million, and 2013-2014 fiscal year – over $1011 million. In 2011-2012 fiscal year, about 47,603 tonnes of jade were mined, 2012-2013 fiscal year – 21,032 tonnes, and from April to June 2014 – about 3,443 tonnes, according to the Ministry of National Planning and Economic Development.
At the emporium held in Nay Pyi Taw from October 16 to 19 this year, over 6,000 lots of gems and jade were sold with open tender system, according to Myanmar Gems Emporium Central Committee.
