Jade cutting, carving businesses trying to survive in declining market

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Merchants appraise a jade stone at the 53rd Myanmar Gems Emporium at the Mani Yadana Jade Hall in Nay Pyi Taw.  Photo: MNA

The flow of jade into Mahar Aung Myay jade and gem market in Mandalay has been decreasing during this rainy season, and the number of Chinese buyers has also declined, making survival difficult for those engaged in jade carving businesses, according to a report in yesterday’s Myawady Daily.
Contributing to the cool jade market was low demand from China and recent confiscation of precious metals along Mandalay-Muse Road, said the jewellers. In addition, the rainy season limits mining operation, forcing gem diggers to go back to their native towns, resulting in a labour shortage.
Only tourists from Hong Kong, China and Japan buy jade bracelets and statutes at jewellery markets.

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