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Roundup: Special gem sale begins in Myanmar (3) |
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14:50, July 05, 2007 |
Of Myanmar''s top 10 exporters for 2006-07 which were dominated by the state sector, the Myanmar Gems Enterprise stood the third with a gem sale value of 296.9 million dollars after Myanmar Oil and Gas Enterprise and the Myanmar Timber Enterprise.
The government''s Central Statisitcal Organization revealed that in the fiscal year of 2005-06, Myanmar produced 20,390 tons of jade and 28.458 million carats of gems which include ruby, sapphire, spinel and peridot, as well as 177,692 mommis of pearl. The production in the first half of 2006-07 (April-March) went to 10,388 tons for jade, 10.042 million carats for various gem and 56, 607 mommis for pearl.
As the latest development, Myanmar is working to establish the first ever gem merchants'' association as also part of its bid to enhance the development of the country''s gem mining industry.
Myanmar''s mining sector, which also includes other minerals such as gold and copper, contributes 0.4 percent to the national economy.
Source: Xinhua
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