Monday , September 25 2017

Myanmar Gems Exports to China

myanmar gems exportsRising Myanmar gems exports to China produced a number of millionaires in Myanmar and caused worries about the overwhelming influence of the neighboring state in the economy.

Mandalay, Jade commercial center of the nation, and swarms with Chinese traders looking for good deals and gems green. Strong demand for jade in China may contribute to the rise in metal prices, so many vendors richer than they could otherwise be impossible Myanmar.

Jade’s new rich sale in Myanmar thanks China’s strong appetite for jewel. But the rapidly growing industry of Myanmar jade and seen by many as a symbol of Chinese to control the economic wealth of the poor in Southeast Asia.
Some retailers operate 3,000 stores in the jewelry market in the center of Mandalay crowds with local traders and foreign tourists during business hours 9.00am to 6.00pm relatively are displayed rows of small stones of jade jewelry in stores. A woman who had been working in the market five years, said the bracelets are the most popular jade products.

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Myanmar is the largest producer of jade in the world. For a long time, the government monopolized the jade mining and exports. Since the 1990s, however, it has been to allow players to enter the private sector to work gradually.

Mandalay has become, and is located near the Kachin State, a rugged area located between China and India, a center for the production of jade and trade. Myanmar buyers with sellers happily talking quietly while looking for an attractive and affordable elements. Chinese merchants, on the other hand, quietly and quickly scour the market to buy a good.

The prized antique Chinese jade. Is the value of precious stones such as diamonds in the country. While holding stones and Chinese traders were using flashlights to check likely to be used for fine jewelry.

They prefer raw stones that can be processed in the types of jewelry they like. Jade premium to the size of the panel to go get as much as 500 million Kyat ($ 488,000) per piece.

Gems unit prices rose more than 100 times in the past decade, according to the man who went from an agricultural village to Mandalay 25 years ago and now sells jade in the city. “All thanks to China.” Gems vendors in the market enjoyed double-digit growth in sales, according to the man.

Read also : Myanmar Imports Exports


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