The 2019 Mid-Year Gems Emporium opened at Mani Yadana Jade Hall in Nay Pyi Taw yesterday morning, state media reported.
The emporium will be held until 25 September. A total of 6,865 merchants from 26 countries were invited to the emporium where raw jades, finished jade products, finished gems and jade-like stones are being put on sale under the open tender system. Jewelleries, statuettes, crystals and mosaic pictures will be sold at the emporium.
The local merchants will have to pay their deposits in Myanmar kyat, and their foreign counterparts in euro currency at 2,000 for the purchase of jewellery lots and 20,000 for jade lots. The bottom price for raw jade lots is 5,000 Euro and above, while that of finished jade lots 1,000 Euro and above. The merchants are permissible to make bids for the lots up to the value of the 10-fold of the minimum deposit paid by the types of gemstones.