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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.
Looking down a rubble slope at a jade mine in Kachin State. Myanmar is the largest supplier of jade, [1] providing between 70% [2] and 90% [3] of the world's supply. While Myanmar's official statistics for 2016–2017 put the jade trade value at US$750 million, [4] independent estimates that include illegal mining put it at US$15–31 billion per year.
The 2023 Hpakant jade mine disaster occurred on August 13, 2023, when the Hpakant Jade Mines experienced the third documented landslide in the area. [1] Hpakant is located in Kachin, Myanmar . The landslide killed 32 people when tailings (mining waste) swept the miners into a nearby lake. [ 2 ]
Workers at a jade mine in Kachin in 2018. Myanmar supplies 90% of all jade on the planet, [2] in a trade worth US$790 million per Myanmar's official statistics, [3] though independent estimates put it at US$30–31 billion worth per year.
Myanma Gems Enterprise Native name မြန်မာ့ ကျောက်မျက်ရတနာ ရောင်းဝယ် ရေး လုပ်ငန်း Formerly Burma Gems Corporation Company type Public Industry Gemstones Founded 1976 ; 48 years ago (1976) Headquarters Myanmar Products Gemstones Jade Rubies Owner Myanmar Government Parent Ministry of Natural Resources and ...
Jade mined in Myanmar. The jade trade accounts for 48% of Myanmar's official GDP. [23] An October 2015 report by Global Witness noted that Myanmar's jade industry is exploited by the nation's elites; including military leaders, drug traffickers, and business leaders. This was the finding of a year-long investigation entitled "Jade: Myanmar's ...
Following the collapse, the Lonekhin Jade Office carried out a survey on the safety of other jade mines in the region, reporting to the Myanmar government that other mining blocks in the area were also dangerous. In response, the Myanmar central government suspended operations in seventeen mine blocks in Hapakant, affecting eleven companies. [9]
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.