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NEWS - Myanmar Gems Emporium Fetche



Subject: NEWS - Myanmar Gems Emporium Fetches Over 6 Million Dollars - More

Money for Guns
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NOTE: More money to the dictatorship for their private use and for guns.


Myanmar Gems Emporium Fetches Over 6 Million Dollars

               Xinhua
               21-MAR-99

               YANGON (March 22) XINHUA - A total of 6.3 million
               U.S. dollars worth of locally produced gems, jade,
               pearl and jewelry were sold through tender system
               and competitive bidding at the 36th annual Myanmar
               Gems Emporium which ended here Sunday night. 

               The sum was two times more than that of the 35th
               event held in March last year. 

               The six-day state-sponsored emporium, which
               began last Tuesday, attracted over 500 gems
               merchants from 17 countries and regions, mostly
               from China's Hong Kong Special Administrative
               Region, Thailand, Japan and Singapore. 

               The emporium also drew 136 gems traders from 69
               local companies. 

               Myanmar, a well-known producer of jade, ruby and
               sapphire in the world, has held gems emporiums
               annually since 1964 with additional mid-year ones
               introduced since 1992. 

               The country earned a total of 271.3 million dollars
               from the last 36 annual and seven mid-year gems
               emporiums.