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23 June 2009

Myanmar launches special gem emporium in former capital

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A special gem show opened in Yangon, former capital of Myanmar, on June 22, putting on sale the country's quality gems, jade, pearl and jewelry on the basis of tender and competitive bidding, Chinese news agency Xinhua report said.

In the last emporium held in March this year, more than 5,000 jade lots were displayed and 191 million U.S. dollars worth gems and jewelry were sold out.

The event was attended by over 2,300 foreign traders, mostly from China and China's Hong Kong.

Myanmar started to hold gem shows annually in 1964, introducing the mid-year one in 1992 and the special one in 2004.

The Southeast Asian country, a well-known producer of gems in the world, boasts ruby, diamond, cat's eye, emerald, topaz, pearl, sapphire, coral and a variety of garnet tinged with yellow.

According to the Central Statistical Organization, in 2008, Myanmar produced 30,896.44 tons of jade and 20.5 million carats of gems which include ruby, sapphire, spinel and peridot, as well as 204,533 mommis (767 kilograms) of pearl.

The current gems emporium, which lasts for 13 days until July 4, is taking place at Myanmar Convention Center (MCC).


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