Myanmar to hold special gem sale to boost foreign exchange earning

Myanmar will hold a special gem sale in Yangon early next month on the basis of competitive bidding system, aimed at boosting foreign exchange earning, said the Central Committee for Sponsoring the Special Sale of Gem, Jade and Pearl Sunday.

Domestic gem traders are being urged to display their quality gems, jade and pearl at the special show scheduled for July 4, and the foreign exchange proceeds from the sale will be designated as legal export earning, the sponsor said.

The country's special gem sale for both foreign and local gem merchants is the third of its kind introduced four years ago in addition to the annual and mid-year ones.-------------------------------------------------------------------

Myanmar started to hold gem shows annually in 1964, introducing the mid-year one since 1992 and the special one since 2004.

Myanmar, a well-known producer of gems in the world, possesses nine gems -- ruby, diamond, cat's eye, emerald, topaz, pearl, sapphire, coral and a variety of garnet tinged with yellow. ----------------------------
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