Myanmar earns $1.3 billion from jade exports

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Myanmar jadeMyanmar has earned $1.3 billion from the export of jade stone over the last three years, according to the ministry of national planning and economic development.

Export earnings in the 2011-2012 fiscal year was $34.2 million, $297.9 million in 2012-2013 and $1 billion in 2013-2014. The last fiscal year showed a significant increase in revenue.

Myanmar exports its jade mainly to China, Hong Kong and India. And gem merchants from Japan are also very interested in the valuable green stone mostly mined in northern Kachin State.

Hundreds of jade lots went on sale through a competitive bidding system at the 51st Myanma Gem Emporium in the capital Naypyitaw.

There is still a thriving illegal trade in jades and gems, many which a sourced from conflict areas where rule of law and controls are scarce, despite increasing attempts to stamp down in smuggling.

Myanmar export earnings from mineral products have reached $71 million ($2.9 million from the government and $68.7 million from the private sector) according to the ministry of commerce.

Total investments in the mining sector by local entrepreneurs have reached 13 billion kyat ($13.3 million) up until June 30 this year.

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Reading Time: 1 minute

Myanmar has earned $1.3 billion from the export of jade stone over the last three years, according to the ministry of national planning and economic development.

Reading Time: 1 minute

Myanmar jadeMyanmar has earned $1.3 billion from the export of jade stone over the last three years, according to the ministry of national planning and economic development.

Export earnings in the 2011-2012 fiscal year was $34.2 million, $297.9 million in 2012-2013 and $1 billion in 2013-2014. The last fiscal year showed a significant increase in revenue.

Myanmar exports its jade mainly to China, Hong Kong and India. And gem merchants from Japan are also very interested in the valuable green stone mostly mined in northern Kachin State.

Hundreds of jade lots went on sale through a competitive bidding system at the 51st Myanma Gem Emporium in the capital Naypyitaw.

There is still a thriving illegal trade in jades and gems, many which a sourced from conflict areas where rule of law and controls are scarce, despite increasing attempts to stamp down in smuggling.

Myanmar export earnings from mineral products have reached $71 million ($2.9 million from the government and $68.7 million from the private sector) according to the ministry of commerce.

Total investments in the mining sector by local entrepreneurs have reached 13 billion kyat ($13.3 million) up until June 30 this year.

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