Myanmar: Over-Extraction, Chinese Slowdown Blamed for Jade Price Slump

Jun 13, 2016 | Kyaw Hsu Mon, The Irrawaddy
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With the government’s biannual gem emporium looming at the end of this month, prices for Burmese jade have continued to slide against weakening demand. Industry insiders have blamed an economic slowdown in China, over-extraction in jade mines, and market uncertainty linked to the transition of power to a democratically elected government in Burma.