Low quality C&D graded jade to be sold in local currency

106 72An emporium showcasing grade C and D jade of low quality will be held in March in Nay Pyi Taw, said an official from Myanmar Gems and Jewellery Entrepreneurs Association.
“The jade will be sold in kyats, providing raw materials to local jade merchants. This event will be held once a year, though jade entrepreneurs asked for a biannual emporium. We will try to schedule the events as they requested. There will be no quality jade to be displayed in this event,” the official said.
More than the sole reliance on the Chinese jade market, efforts are required to penetrate European markets as well in order to protect Myanmar’s jade market, say sources in the jade trading industry.
Myanmar needs to produce the finished products so as to allow domestically produced jade to secure trade with European markets.
The Southeast Asian nations of Thailand, Viet Nam, Cambodia, together with China, all possess natural jade deposits, but the majority of the world’s highest quality jade is reportedly found in Hpa Kant, Kachin State, it is learnt. — Ko Khant

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