Gems

E-commerce threat for Myanmar’s jade

As if human rights abuses, corruption charges and deadly landslides haven’t hurt the industry enough, Myanmar’s multi-billion-dollar jade and gemstone industry now has to deal with the challenges of e-commerce.Myanmar produces 90 percent of the world’s jade and is a major player in the global gem economy, but poor regulations mean up to two-third of the country’s production is possibly not subjected to tax according to a report by the Natural Resource Governance Institute (NRGI) in March.The

19 October 2019
0