Jade bracelets, other finished jade products see regular sales in Mandalay

Jade market in Mandalay is seen with local merchants for finished products .  Photo: Khine Satt Wai
Jade market in Mandalay is seen with local merchants for finished products .  Photo: Khine Satt Wai

Jade slabs are not selling well in the Mandalay Maharaungmyay jade market after the return of Chinese traders to their homes for the Chinese New Year, which falls on 24 January, said traders. However, jade bracelets and other finished jade products are fetching a fair price and are selling as usual in the jade market, they added.
Although finished jade products, including bracelets, sculptures, and beads, are being sold in the market daily, the jade market has been cool in the Chinese New Year. “The market for jade bracelets is normal. But, the jade slabs market is rather cool because most of the Chinese traders have gone back to their native places to celebrate the Chinese New Year, and most of the shops in the jade slabs market are closed. Jade is selling at a fair price,” said U Myo Myint Naing, secretary of the Maharaungmyay jade market committee.
“Most of the traders selling jade bracelets and sculptures are local. They are keeping the finished jade products in the New Year period. They will send them later to Chinese traders via Muse. During the Chinese New Year, the jade market has been cool and some traders have stopped making finished jade products from raw jade,” he said.
Although the jade market has cooled in the Chinese New Year, there are some buyers in the market because local traders are purchasing finished jade products, he said. The jade market will return to normal once Chinese traders return after the New Year in February, he added. —Khine Satt Wai (Translated by Hay Mar)

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