Myanma Gems Enterprise

Myanma Gems Enterprise
Native name
‹See Tfd›မြန်မာ့​ကျောက်မျက်ရတနာ ရောင်းဝယ်​ရေး လုပ်ငန်း
FormerlyBurma Gems Corporation
Company typePublic
IndustryGemstones
Founded1976; 48 years ago (1976)
Headquarters
Myanmar
ProductsGemstones
Jade
Rubies
OwnerMyanmar Government
ParentMinistry of Natural Resources and Environmental Conservation
Websitewww.mge.gov.mm

Myanma Gems Enterprise (Burmese: မြန်မာ့​ကျောက်မျက်ရတနာ ရောင်းဝယ်​ရေး လုပ်ငန်း; abbreviated MGE) is a state-owned enterprise of Myanmar, operating under the Ministry of Natural Resources and Environmental Conservation.[1] MGE manages the mining, marketing, and sales of Burmese jade and gemstones, and administers gemstone regulations and licensing, participates in joint ventures for mining operations, and collects royalties.[1] MGE organises biannual gem emporiums for extracted jade and gemstones.[2][1] MGE generates approximately half of the Burmese government's annual revenue.[3]

  1. ^ a b c "Treasury Sanctions Key Gems Enterprise in Burma". U.S. Department of the Treasury. 8 April 2021. Retrieved 28 March 2023.
  2. ^ Kyaw Hsu Mon (4 July 2016). "Jade Sales Drop Significantly at Govt Emporium". The Irrawaddy. Retrieved 28 March 2023.
  3. ^ "Myanmar: US hits state-owned gem company with sanctions". BBC News. 9 April 2021. Retrieved 28 March 2023.