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The jade trade in Myanmar consists of the mining, distribution, and manufacture of jadeite—a variety of jade—in the nation of Myanmar (Burma). The jadeite deposits found in Myanmar's northern regions are the source of the highest quality jadeite in the world, noted by sources in China going as far back as the 10th century.
It was renamed the Myanma Gems Enterprise in 1989, after the 8888 Uprising. [ 5 ] Following the 2015 Myanmar general election , which was won by National League for Democracy , the military-owned Myanma Economic Holdings Limited quickly secured 58% of MGE's jade and gemstone mining licence, becoming the country's largest licence holder.
Myanmar Gems Museum, in Yangon, Myanmar, is a museum dedicated to precious Burmese gem stones. The museum is located on the third floor of a four-story building, located near Kaba Aye Pagoda . [ 1 ]
Thailand buys the majority of Myanmar's gems. The " Valley of Rubies ", the mountainous Mogok area, 200 km (120 mi) north of Mandalay , is noted as the original source of ruby including the world's finest "pigeon's blood" rubies as well as the one of the world's most beautiful sapphires in "royal" blue, only second to the now extinct Kashmir blue.
In 2022, total trade volume at the border post stood at US$1.872 billion, making it the second busiest trade port on the Thai-Burmese border after Htikhi. [10] [11] [12] The border-crossing is a major route for the export of Myanmar's gems, [13] many of which have their claimed provenance changed once across the border. [14]
Burmese amber was estimated to make up 30% of Tenchong's gemstone market (the rest being Myanmar Jade), and was declared one of the city's eight main industries by the local government. [46] The presence of calcite veins are a major factor in determining the gem quality of pieces, with pieces with a large number of veins having significantly ...
Gemstone: The finest rubies are sourced from Mogok Metamorphic Belt derived from marbles. The gem-quality rubies are formed under an Eocene-Oligocene high temperature metamorphism. [39] Sediment hosted Epithermal Au: The Kyaukpahto Mine is the largest gold-producing mine located around the Sagaing Division in Myanmar.
Myanmar is a Dialogue Partner of the Shanghai Cooperation Organization. The country is very rich in natural resources, such as jade, gems, oil, natural gas, teak and other minerals, as well as also endowed with renewable energy, having the highest solar power potential compared to other countries of the Great Mekong Subregion.