Jade export volume reached US$ 356 million in 11 months in the current fiscal year, decreasing by more than US$ 500 million, compared with the same period of the previous year, said an official of the Ministry of Commerce told the Daily Eleven.
"From October 1 to August 30 in 2018-2019 FY, Myanmar fetched US$ 356.876 million from 1,548.452 tons jade export," said the official of the Ministry of Commerce.
In the same period of last year, Myanmar fetched US$ 866.606 million from 3,128.501 tons jade export.
In comparison of these two same periods, jade export in the current FY decreased by 1,580.049 tons worth of US$ 509.730 million.
"Jade is much related to the gem emporium. The government should hold numerous gem emporiums in the country. The more the government holds gem emporium, the more jade will be exported. Holding gems emporium is of great importance," said Khin Maung Lwin, spokesperson of the Ministry of Commerce.
The raw jade will be collected 15 percent special commodity tax, and ruby and sapphire and other valuable gems, 10 percent at Mid-Year Gems Emporium in 2019, according to the Ministry of Natural Resources and Environmental Conservation.
Translated and Edited by Win Htut
