Merchants appraising a jade stone at the Mid-Year Gems and Jewellery Emporium 2016.
Union Minister U Ohn Win visited the 5th day of the Mid-Year Gems and Jewellery Emporium 2016, where jade lots were sold through open tender at Maniyadana Jade Hall in Nay Pyi Taw yesterday.
Yesterday afternoon, the Union Minister also inspected the gems and souvenir shops on display in the hall, the jade lots displayed and the placing of tenders into the boxes at the Myanma Gems Emporium.
The Secretary of the Central Committee of the Myanma Gems Emporium Managing Director of Myanma Gems Enterprise and committee members explained the tender process, the sale by auction and the progress of each committee to the minister.
A total of 1,200 jade lots, including uncut jade stones with a floor price set between 4,000 euros and 200,000 euros per item and finished jade stones with a floor price set between 1,000 euros and 200,000 euros per item will go on sale through an open tender system.
At the gems emporium attended by foreign gem merchants and local merchants, authorities supervised the sale of gems and jade lots sold through an open tender system and competitive bidding at emporium.
Nearly 1,200 jade lots will be sold on 25th November, 1,200 lots on 26th November, and 1,122 lots on 27th November through the open tender system.
Thirty-five jade lots will be sold on 28th November and 31 lots on 29th November through competitive bidding.
The exhibition of the Mid-Year Gems and Jewellery Emporium-2016 will continue until 29th November between 8am and 5:30pm daily, it is learnt.
Maw Si (Myanmar News Agency)