Production of Myanmar pearl exceeds expectations in 2020-2021

The pearls produced by the Pearl Farming Company, a joint venture of Myanma Pearl Enterprise were transported to Nay Pyi Taw from Myeik of Taninthayi Region for valuation and proportionate allocation yesterday.
Union Minister for Natural Resources and Environmental Conservation U Khin Maung Yi inspected the processes conducted at the Myanmar Gems Museum in accordance with COVID-19 health rules. There are 12 pearl farming sites in Taninthayi Region—four are operated by foreign companies and seven by domestic companies while one is state-owned.
In 2019-2020 financial year, a total of 1,290,076 pieces of pearl were produced while 1,034,217 pieces of pearl by eight companies until the end of July in 2020-2021. The three companies and one state-owned company are still running the farms. The companies produced 337,912 pieces of pearl and the valuation and proportionate allocation were conducted in accordance with sub-section (a) of Section 25 of Myanmar Pearl Law. The pieces of pearl exceeded the estimated production rate of 2020-2021 FY.
Then, the Union Minister inspected the preparations to reopen the gems museum, and joined the coordination meeting on development of finished jade industry.—MNA