Myanmay: Mandalay Jade Traders Say Worst Year ‘Ever’ for Sales

Oct 28, 2015 | Hlaing Kyaw Soe, Myanmar Times
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In interviews on October 25 at the Maha Aung Myay Gem Trading Centre, one trader after another bemoaned their current lot. Jade trader U Myo Myint said profits were down because most transactions now involved Myanmar-to-Myanmar dealings, there being very few Chinese traders around. “There is trading, but less profit. With Chinese buyers away, traders are losing hundreds of thousands of kyat,” he said.