white jade buddha

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Myanmar to hold annual Gems Emporium late next month

Source: Xinhua   2018-05-18 18:28:19

YANGON, May 18 (Xinhua) -- Myanmar will hold the 55th Gems Emporium in Nay Pyi Taw late June, according to the Ministry of Natural Resources and Environmental Conservation on Friday.

Sponsored by the ministry, the annual event will be held from June 20 to 29, putting gems and jade lots on sale.

Licensed and authorized buyers are allowed to attend the event, said an announcement by the Myanmar Emporium Central Committee.

Myanmar held the 54th gems emporium in August last year, selling 690 million U.S. dollars worth of 5,197 gem and jade lots under open tender system. The event was attended by 5,311 local and foreign gem traders.

Myanmar gems emporium has been held annually since 1964. 

Editor: Shi Yinglun

Mining Technology Surveys the 23$Billion Gemstone Market

Here is a portion of a report that may be seen in full, covering many gem subjects, at the Mining Technology site (link).

Jade in Myanmar

"Jade is the second-biggest contributor to the global gemstone market, accounting for $3bn-$6bn, and Myanmar is the world’s largest jade producer. The country’s output accounts for 70%, or 30,000t, of jade each year. This is worth up to $31bn and accounts for as much as half of the country’s GDP. However, historically, little of this wealth has trickled down to the population and much of the people live in poverty.

"Following the election of State Counsellor Aung San Suu Kyi in 2015, a moratorium was passed on all mining licences. This, together with unrest over the past decade has hit the jade market hard, but despite disruption Myanmar remains by far the largest producer. Growth in jade mines in British Columbia, Canada has helped to fill the gap, which now meets 8.3% of global jade production."

Giant Jade Buddha Goes Home

courtesy Pixabay

The $20-million statue was carved from what is claimed to be the world's largest jade boulder. Before settling, the Buddha traveled through 130 countries. The permanent location is a huge shrine and Buddhist village in Australia, see the whole story here.

Christie's Offering Jade Treasure May 30 Hong Kong

• Convention Hall, Hong Kong Convention and Exhibition Centre, No. 1 Harbour Road, Wanchai, Hong Kong 
  30 May, 11:45am (Lots 2901 - 2988)
  
  

  AN IMPORTANT AND EXTREMELY RARE 

  IMPERIAL YELLOW JADE HANGING VASE AND COVER, HETING YOU
  The vase is in the shape of an archaic bronze you, superbly carved on

  each side with a ram’s head in high relief, the shoulders flanked by a 

  pair of loop handles enclosing an overarching rope twist handle. 

   the underside incised with three characters in seal script 

  yong bao yong ‘To be eternally treasured’. 

  The material is of an attractive chestnut yellow tone with areas of pale russet.

  QIANLONG INCISED FOUR-CHARACTER SEAL MARK

   AND OF THE PERIOD (1736-1795)

  Estimate

  HKD 12,000,000 - HKD 18,000,000

  (USD 1,536,371 - USD 2,304,556)For further information visit the Christie's site.

New in My JadeReverie Shop