61st Myanma Gems & Jewellery Expo set for 8-17 Oct

 

THE 61st Myanmar Gems and Jewellery Exhibition will be held for ten days from 8 to 17 October, according to the second central committee meeting of the Myanma Gems Emporium held at the Maniradana Jade Hall in Nay Pyi Taw yesterday morning.

The exhibition will feature 700 pearls, 160 gemstones and 3,073 jades, including 1,255 Group B jades and 1,468 Group C jades, while the Group A items will comprise 700 pearls, 160 gemstones and 350 jades. The items will be sold through a tender system on specified dates.

At the meeting, Union Minister for Natural Resources and Environmental Conservation U Hsan Oo said gem traders would be allowed to pay security deposits in the value of gems in US dollars or other foreign currencies accepted by the Central Bank of Myanmar, or the equivalent amounts in Myanmar kyat, as at previous exhibitions.

He added that, for pearls, local and foreign gem traders would be allowed to make payments based on the exchange rate equivalent to the US dollar. For gemstones and jades, the applicable exchange rate would be the highest rate among those published by the Central Bank of Myanmar and private banks. The rates published on 8 October, the exhibition opening day, will be used to ensure the State does not suffer losses and that local and foreign gem traders can purchase gems at competitive prices.

Members of the central committee of the Myanma Gems Emporium and the chairman and members of the Myanmar Gem and Jewellery entrepreneurs Association discussed matters related to the exhibition and clarified the work of respective committees.  MNA/MKKS

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