Results of the December Myanmar Gem Emporium indicate a flourishing gem trade, according to a news report. This particular sale is restricted to local jewelry manufacturers who do not have mining permits. Jade sales at the event totaled about $79 million. Most recent reports have indicated a slump in jade sales.
The emporium for foreign buyers was held in June and brought traders from China, Hong Kong, Thailand and Japan. At that event the 4,500 buyers represented a 60 percent drop in attendance from the previous year. The US doesn't allow import of jade from Myanmar, a sanction related to human rights concerns.
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