Mid-Year Gems Emporium 2023 continues its second day in Nay Pyi Taw

The second day of the 2023 Mid-Year Gems Emporium was held at Maniyadana Jade Hall in Nay Pyi Taw. Local and foreign merchants looked around and viewed the displays of pearl, jade, and gem lots in the hall and raw jade lots outside the hall.
In the Gems Emporium, pearl lots 1 to 150 are being put on sale under the open tender systems.
At the exhibition, out of the 300 pairs of pearls offered, Tender No 1, encompassing bids from pair No 1 to pair No 150, was opened at 1 pm. Subsequently, Tender No 2 was initiated at 5 pm, and officials announced the sale of 150 pairs of pearls.
On the third day of the exhibition, the remaining 300 sets of pearls, numbered from set No 151 to set No 300, will be sold through an open tender system, to both domestically and international jewellers.
Patron of the Myanmar Emporium Central Committee Union Minister for Natural Resources and Environmental Conservation U Khin Maung Yi inspected jade pairs, sets of gems and jewellery stores at the Maniyadana Jade Hall, the venue for the exhibition yesterday morning.
The Mid-Year Myanmar Gems Emporium for 2023 is currently underway at the Maniyadana Jade Hall in Nay Pyi Taw, running from 20 to 28 October. The exhibition features a collection of 160 pairs of gems, 520 pairs of jade from Group A, 1,733 pairs of jade from Group B, and 1,792 pairs of jade from Group C, making a total of 4,045 pairs of jade available through an open tender system. These items will be made available for purchase by foreign jewellers.
More jewellers from four foreign countries attended the ongoing Mid-Year Myanmar Gems Emporium. The presence of a significant number of foreign jewellers has reportedly led to higher prices for pearl sets. — MNA/KZW