Sale of gems in local currency to be held in Nay Pyi Taw

Gem merchants checking quality of ruby stones. Photo: MNA
Gem merchants checking quality of ruby stones. Photo: MNA

A sale of gems and jewelry in the local currency will be held at the Maniyadana Jade Hall in Nay Pyi Taw from 8 to 13 June.
The sale will take place through an open tender, and only Myanmar businesses would be allowed to participate in it, said Union Minister for Natural Resources and Environmental Conservation U Ohn Win yesterday at a meeting on conducting the sale in Nay Pyi Taw.
The local currency sale is aimed at helping local jewelry businesses get raw materials to produce finished products, create jobs, prevent illegal sales to foreign countries, and financial regulation of miners.
Local gem mining and production companies working with official permission; local licensed finished gem (cut and polished) producers, traders, and merchants; registered gem companies, and local members of the Myanmar Gems and Jewellery Entrepreneurs Association will be allowed to attend the sale.
Only licensed or permitted buyers under the Myanmar Gem Law and rules will be allowed to attend the sales.—MNA (Translated by GNLM )

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