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Quality golden pearls produced from Myanmar to be displayed at the emporium.

YANGON, 15 March — Gems and jade products, ornaments, jade figurines, private shops, and mosaics to be sold at fixed price on the ground floor, imperial jade, commercial jade, utility jade, and uncut jade stones at the environs of the hall, and gems lots and pearl lots to be sold through competitive bidding system, as per the press release from the organizers. According to the Deputy Minister Myint Thein, the quality jade, gems and pearl lots will be sold through tender and auction systems at the 43rd Myanma Gems Emporium this year.

165 gem merchants from 70 companies of 11 countries confirmed to attend the show. It is estimated that over 1,000 gem merchants will attend the 43rd Myanma Gems Emporium. South Sea Pearl is the most popular in the world. At present, the quality golden pearls produced from Myanmar will be displayed at the emporium.

Arrangements are being made to put on display of 250 lots of pearl weighing 16,030.10 mommes. A total of 34 lots of pearl will be sold through competitive bidding and 216 lots of pearl through tender.

In the annual and mid-year shows in 2005, 29 million U.S. dollars and 47.3 million dollars worth of locally- produced quality gems items were put on sale respectively.

With regard to sales of jade stone, 2,459 jade lots including five quality jade stones will be sold. At the emporium, 251 lots of gems are displayed. They are 51 lots of Mongshu gems, and 204 lots of Mogok gems including one ruby lot to be sold at 3.5 million euro floor price. Furthermore, 1,045 items of ornaments will also be displayed at fixed price.

Myanmar started to hold gem shows annually in 1964 and since then the country has earned a total of over 500 million U.S. dollars from such events including the mid-year ones introduced since 1992 and the special sale since 2004, according to official statistics.

Myanmar is a well-known producer of nine kinds of gems -- ruby, diamond, cat's eye, emerald, topaz, pearl, sapphire, coral and a variety of garnet tinged with yellow and it has three famous gem lands -- Mogok in Mandalay division, Mongshu in Shan state and Phakant in Kachin state.

To boost gem mining industry, Myanmar enacted the New Gemstone Law in 1995, allowing national entrepreneurs to mine, produce, transport and sell finished gemstone and manufactured jewelry at home and abroad.

From 2000, the government began to mine gems and jade in joint venture with 10 private companies under profit sharing basis.

Posted by Ksny - MyanmarGems