Traders are blaming a lack of Chinese buyers for the slump in jade sales in Myanmar. China is the primary market for Myanmar jade and is experiencing an economic slowdown.
Traders also say there is a lack of top quality jade. The scarcity has driven up prices for quality material, slowing sales at that end of the market.
The brief story can be found here.
There has been no mention of the impact of increased traffic in British Columbia nephrite jade to China.
Some indications of that increase include an announcement by Pacific Bay Minerals Ltd. in partnership with Dease Lake Jade Mine Ltd. consigned 35.6 tonnes of the 2015 jade production to Xin Yaun Yu Cheng in Beijing. The Chinese firm is set to open the first ever jade retail and wholesale outlet in China exclusively selling BC jade, according to an announcement.
Related news came in a September announcement of shipment of 18 tons of nephrite by Electra Stone to buyers in Shanghai. If all goes well, Electra expects to conduct extensive trade with Chinese buyers in the future. (Update Nov. 28, Electra has made another shipment for a total of 36 tons).
Other BC firms are also quite active in China; it was reported that in recent years 400 tons of Canada jade have been exported annually with most going to China. That figure came from an extensive GIA survey of the global jade market published recently. The article (found here) states that Canada is the major supplier of nephrite to China.
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