Myanmar: Jade Traders Call for Open Market as Sales Reach New Lows

Mar 4, 2016 | Chan Mya Htwe, Myanmar Times
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Plummeting demand from China has spurred jade traders to demand the right to sell internationally. Traders say the economic slowdown in Myanmar’s giant neighbour, and the anti-corruption campaign now being conducted by Beijing, have caused a catastrophic drop in sales to their major customer. Over the past three years, Chinese interest in Myanmar jade has dwindled almost to vanishing point, say gem and jewellery companies.