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Myanmar Plans Gems Emporium for October

Aug 18, 2010 4:56 PM   By Jeff Miller
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RAPAPORT... Myanmar plans to hold a gems emporium in the country's new capital of Nay Pyi Taw this coming October to encourage gem traders to sell more high-quality gems, jade, pearl and jewelry to the international trade, reported Xinhua News.

The specific date for the sale has not been set as a  new jade exhibition hall is still under construction adjacent to an existing jewelry exhibition hall in Nay Pyi Taw. Xinhua reported that  Myanmar's gem sale, which was held in Yangon during June,  earned $885.5 million (EUR 700 million) from 7,000 lots of gemstones and jade.

Myanmar's Central Statistical Organization (CSO) reported production of 22,600 tons of jade and 9.5 million carats of gemstones for this fiscal year. 

LH

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