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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.
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.
Myanmar, [d] officially the Republic of the Union of Myanmar [e] and also rendered as Burma (the official English form until 1989), is a country in northwest Southeast Asia.It is the largest country by area in Mainland Southeast Asia and has a population of about 55 million.
Location of Myanmar. Myanmar is a sovereign state in South East Asia bordered by Bangladesh, India, China, Laos and Thailand. Myanmar is a country rich in jade and gems, oil, natural gas and other mineral resources. In 2013, its GDP (nominal) stood at US$56.7 billion and its GDP at US$221.5 billion. [1]
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]
Myanmar-Thailand relations in 2025 were tested by a recent crackdown on scam compounds in Myanmar, where thousands of foreign nationals, many victims of human trafficking, remain stranded. After a Chinese actor's abduction in January led to international action, authorities rescued hundreds from criminal-run centres.
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.
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 ]