Mandalay jade traders say worst year ‘ever’ for sales
Jade traders in Mandalay say this could be the worst year ever for business. The main cause they cite is the absence of Chinese buyers, possibly nervous about the outcome of next month’s election.
In interviews on 25 October at the Maha Aung Myay Gem Trading Centre, one trader after another bemoaned their current lot.
Jade trader U Myo Myint said profits were down because most transactions now involved Myanmar-to-Myanmar dealings, there being very few Chinese traders around.
