November 21, 2016
Local and foreign merchants visited the mid-year Gems and Jewellery Emporium for 2016 yesterday at Maniyadana Jade Hall in Nay Pyi Taw, evaluating the lots and gems and jades.
More than 300 lots of gems will be sold today through the open tender system and more than 130 lots will be sold through competitive bidding.
Nearly 1,200 jade lots will be sold through the open tender system on 23rd November, 1,200 lots on on 24th November, 1,200 lots on 25th November, 1,200 lots on 26th November and 1,122 lots on 27th November respectively. Thirty-five jade lots will be sold through competitive bidding on 28th November and 66 lots on 29th November.
Nearly 6,000 jade lots will be exhibited at the mid-year emporium from 22nd to 29th November while 439 lots of gems will be displayed from 20th to 21st November.
Gems lots with floor price from 500 euros to 20,000 euros will be sold through an open tender system whereas the items with floor price at 20,001 euros and above through competitive bidding.
The uncut jade stones with floor price set between 4,000 euros and 200,000 euros and finished jade stones with floor price set between 1,000 euros and 200,000 euros will be sold through an open tender system whereas the jade stones with floor price set 200,001 euros and above through competitive bidding.
Nearly 9,000 raw jade lots were exhibited at last year’s emporium, earning 900 million euros, whereas nearly 6,000 jade lots were displayed at the emporium held in June, fetching 520 million euros.
Ref; The Global New Light of Myanmar