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Business

RTR3FFBK
Myanmar's Jade Empire - 30 Sep 2013
Images relating to jade-mining in Myanmar. Almost half of all jade sales in the country are "unofficial" - that is, spirited over the border into China with little or no formal taxation. This represents billions of dollars in lost revenues that could be spent on rebuilding a nation shattered by nearly half a century of military dictatorship. Myanmar produced more than 43 million kg
of jade in fiscal year of 2012. Even valued at a conservative $100 per kg, it was worth $4.3 billion. But official exports of jade that year stood at only $34 million.

Such squandered wealth symbolizes a wider challenge in Myanmar, an impoverished country whose natural resources – including oil, timber and precious metals - have long fueled armed conflicts while enriching only powerful individuals or groups.
MYANMAR-JADE/
RTR3FE64
September 29, 2013
Hand-pickers search for jade through rubble dumped by mining companies at a jade mine in Hpakant township,...
Hpakant, Myanmar
Hand-pickers search for jade through rubble dumped by mining companies at a jade mine in Hpakant township,...
Hand-pickers search for jade through rubble dumped by mining companies at a jade mine in Hpakant township, Kachin State July 8, 2013. Picture taken July 8. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES)
MYANMAR-JADE/
RTR3FE66
September 29, 2013
A hand-picker washes himself after searching for jade through rubble dumped by mining companies at a...
Hpakant, Myanmar
A hand-picker washes himself after searching for jade through rubble dumped by mining companies at a...
A hand-picker washes himself after searching for jade through rubble dumped by mining companies at a jade mine in Hpakant township, Kachin State July 7, 2013. Picture taken July 7. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES TPX IMAGES OF THE DAY)
MYANMAR-JADE/
RTR3FE67
September 29, 2013
Hand-pickers return from searching for jade through rubble dumped by mining companies at a jade mine...
Hpakant, Myanmar
Hand-pickers return from searching for jade through rubble dumped by mining companies at a jade mine...
Hand-pickers return from searching for jade through rubble dumped by mining companies at a jade mine in Hpakant township, Kachin State July 7, 2013. Picture taken July 7. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES)
MYANMAR-JADE/
RTR3FE68
September 29, 2013
Hand-pickers return from searching for jade through rubble dumped by mining companies at a jade mine...
Hpakant, Myanmar
Hand-pickers return from searching for jade through rubble dumped by mining companies at a jade mine...
Hand-pickers return from searching for jade through rubble dumped by mining companies at a jade mine in Hpakant township, Kachin State July 7, 2013. Picture taken July 7. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES)
MYANMAR-JADE/
RTR3FE6A
September 29, 2013
Hand-pickers search for jade through rubble dumped by mining companies at a jade mine in Hpakant township,...
Hpakant, Myanmar
Hand-pickers search for jade through rubble dumped by mining companies at a jade mine in Hpakant township,...
Hand-pickers search for jade through rubble dumped by mining companies at a jade mine in Hpakant township, Kachin State July 7, 2013. Picture taken July 7. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: TPX IMAGES OF THE DAY BUSINESS COMMODITIES)
MYANMAR-JADE/
RTR3FE6B
September 29, 2013
Hand-pickers walk as they search for jade through rubble dumped by mining companies at a jade mine in...
Hpakant, Myanmar
Hand-pickers walk as they search for jade through rubble dumped by mining companies at a jade mine in...
Hand-pickers walk as they search for jade through rubble dumped by mining companies at a jade mine in Hpakant township, Kachin State July 7, 2013. Picture taken July 7. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES)
MYANMAR-JADE/
RTR3FE6H
September 29, 2013
Kyaw Myo Aung, a 17-year-old hand-picker, rests in his tent at a jade mine in Hpakant township, Kachin...
Hpakant, Myanmar
A hand-picker rests in his tent at a jade mine in Hpakant township, Kachin State
Kyaw Myo Aung, a 17-year-old hand-picker, rests in his tent at a jade mine in Hpakant township, Kachin State July 7, 2013. Picture taken July 7. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES)
MYANMAR-JADE/
RTR3FE6W
September 29, 2013
Traders inspect jade on so-called "jade tables" in a tea shop in Lone Khin village, in Hpakant township,...
Hpakant, Myanmar
Traders inspect jade on so-called "jade tables" in a tea shop in Lone Khin village, in Hpakant township,...
Traders inspect jade on so-called "jade tables" in a tea shop in Lone Khin village, in Hpakant township, Kachin State July 8, 2013. Picture taken July 8. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES)
MYANMAR-JADE/
RTR3FE6X
September 29, 2013


Traders inspect jade on so-called "jade tables" in a tea shop in Lone Khin village, in Hpakant township,...
Hpakant, Myanmar


Traders inspect jade on so-called "jade tables" in a tea shop in Lone Khin village, in Hpakant township, Kachin State July 8, 2013. Picture taken July 8. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES)
MYANMAR-JADE/
RTR3FE6O
September 29, 2013
Tin Tun (R), a 38-year-old jade hand-picker, sells the jade which he found after searching the whole...
Hpakant, Myanmar
A jade hand-picker sells the jade which he found after searching the whole night at a jade mine in Hpakant...
Tin Tun (R), a 38-year-old jade hand-picker, sells the jade which he found after searching the whole night at a jade mine in Hpakant township, Kachin State July 8, 2013. Picture taken July 8. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES)
MYANMAR-JADE/
RTR3FE6R
September 29, 2013
Backhoes, trucks and machinery are parked in a company compound near a jade mine in Hpakant township,...
Hpakant, Myanmar
Backhoes, trucks and machinery are parked in a company compound near a jade mine in Hpakant township,...
Backhoes, trucks and machinery are parked in a company compound near a jade mine in Hpakant township, Kachin State July 8, 2013. Picture taken July 8. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES TRANSPORT)
MYANMAR-JADE/
RTR3FE6Y
September 29, 2013
Traders wait for hand-pickers and middlemen to inspect their jade on so-called "jade tables" in a tea...
Hpakant, Myanmar
Traders wait for hand-pickers and middlemen to inspect their jade on so-called "jade tables" in a tea...
Traders wait for hand-pickers and middlemen to inspect their jade on so-called "jade tables" in a tea shop in Lone Khin village, in Hpakant township, Kachin State July 8, 2013. Picture taken July 8. To match Special Report MYANMAR-JADE/ REUTERS/Minzayar (MYANMAR - Tags: BUSINESS COMMODITIES)
MYANMAR/
RTR2VLP6
December 24, 2011
A worker waters jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium...
NAYPYITAW, Myanmar
A worker waters jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium...
A worker waters jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium hall in the capital Naypyitaw December 24, 2011. The emporium will be held from December 24 to January 3, 2012. Myanmar holds emporiums three times a year to sell gems, jade and pearls. The total proceeds from three emporiums last year amounted to about 2.2 billion euros, according to government data. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY WEALTH BUSINESS)
MYANMAR/
RTR2VLP7
December 24, 2011
A trader looks at jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium...
NAYPYITAW, Myanmar
A trader looks at jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium...
A trader looks at jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium hall in the capital Naypyitaw December 24, 2011. The emporium will be held from December 24 to January 3, 2012. Myanmar holds emporiums three times a year to sell gems, jade and pearls. The total proceeds from three emporiums last year amounted to about 2.2 billion euros, according to government data. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY WEALTH BUSINESS)
MYANMAR/
RTR2VLP8
December 24, 2011
Traders inspect jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium...
NAYPYITAW, Myanmar
Traders inspect jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium...
Traders inspect jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium hall in the capital Naypyitaw December 24, 2011. The emporium will be held from December 24 to January 3, 2012. Myanmar holds emporiums three times a year to sell gems, jade and pearls. The total proceeds from three emporiums last year amounted to about 2.2 billion euros, according to government data. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY WEALTH BUSINESS)
MYANMAR/
RTR2VLPA
December 24, 2011
A trader looks at jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium...
NAYPYITAW, Myanmar
A trader looks at jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium...
A trader looks at jade stones at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium hall in the capital Naypyitaw December 24, 2011. The emporium will be held from December 24 to January 3, 2012. Myanmar holds emporiums three times a year to sell gems, jade and pearls. The total proceeds from three emporiums last year amounted to about 2.2 billion euros, according to government data. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY WEALTH BUSINESS)
MYANMAR/
RTR2VLPC
December 24, 2011
A trader checks the quality of jade at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at...
NAYPYITAW, Myanmar
A trader checks the quality of jade at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at...
A trader checks the quality of jade at Myanmar's 2011 Mid-Year Emporium for jade, gems and pearls at an emporium hall in the capital Naypyitaw December 24, 2011. The emporium will be held from December 24 to January 3, 2012. Myanmar holds emporiums three times a year to sell gems, jade and pearls. The total proceeds from three emporiums last year amounted to about 2.2 billion euros, according to government data. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY WEALTH BUSINESS)
MYANMAR-MANDALAY/
RTR2UN17
November 30, 2011
A man polishes a piece of jade at the Jade market in Mandalay November 29, 2011. The Chinese influence...
MANDALAY, Myanmar
A man polishes a piece of jade at the Jade market in Mandalay
A man polishes a piece of jade at the Jade market in Mandalay November 29, 2011. The Chinese influence has always been strong in Mandalay, perched beside the broad Irrawaddy River, 264 km (165 miles) southwest of the border with China's Yunnan province. Ethnic Chinese families have lived in the city for generations and Chinese dialects are commonly heard. Many shop signs and advertisements are in Chinese. Picture taken November 29, 2011. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY BUSINESS)
MYANMAR/
RTR28SDN
January 12, 2010
A man checks the quality of a jade stone found in the mine dump piled by major mining companies at a...
Pharkant, Myanmar
A man checks the quality of a jade stone found in the mine dump piled by major mining companies at a...
A man checks the quality of a jade stone found in the mine dump piled by major mining companies at a jade mine in Pharkant township in Myanmar's Kachin state late January 10, 2010. Being abundantly rich in mineral resources, Myanmar produced over 30 million kilos of jade during 2008-09 (April/March) fiscal, compared with over 20.23 million kilos a year ago, according to official data. Picture taken January 10, 2010. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY BUSINESS)
MYANMAR/
RTR28R8Q
January 11, 2010
People look for precious stones in the mine dump piled by major mining companies at a jade mine in Pharkant...
Pharkant, Myanmar
People look for precious stones in the mine dump piled by major mining companies at a jade mine in Pharkant...
People look for precious stones in the mine dump piled by major mining companies at a jade mine in Pharkant township in Myanmar's Kachin state late January 10, 2010. Being abundantly rich in mineral resources, Myanmar produced over 30 million kilos of jade during 2008-09 (April/March) fiscal, compared with over 20.23 million kilos a year ago, according to official data. Picture taken January 10, 2010. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY ENVIRONMENT IMAGES OF THE DAY)
MYANMAR/
RTR28R8S
January 11, 2010
People look for precious stones in the mine dump piled by major mining companies at a jade mine in Pharkant...
Pharkant, Myanmar
People look for precious stones in the mine dump piled by major mining companies at a jade mine in Pharkant...
People look for precious stones in the mine dump piled by major mining companies at a jade mine in Pharkant township in Myanmar's Kachin state late January 10, 2010. Being abundantly rich in mineral resources, Myanmar produced over 30 million kilos of jade during 2008-09 (April/March) fiscal, compared with over 20.23 million kilos a year ago, according to official data. Picture taken January 10, 2010. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY ENVIRONMENT)
MYANMAR/
RTR28R9O
January 11, 2010
People look for precious stones in the mine dump piled by major mining companies at a jade mine in Pharkant...
Pharkant, Myanmar
People look for precious stones in the mine dump piled by major mining companies at a jade mine in Pharkant...
People look for precious stones in the mine dump piled by major mining companies at a jade mine in Pharkant township in Myanmar's Kachin state January 11, 2010. Being abundantly rich in mineral resources, Myanmar produced over 30 million kilos of jade during 2008-09 (April/March) fiscal, compared with over 20.23 million kilos a year ago, according to official data. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY ENVIRONMENT)
MYANMAR/
RTR1Y6MY
March 12, 2008
Jade merchants inspect a large jade stone in Yangon March 11, 2008. Last year, human rights groups had...
Yangon, Myanmar
Jade merchants inspect a large jade stone in Yangon
Jade merchants inspect a large jade stone in Yangon March 11, 2008. Last year, human rights groups had called for a total ban on precious stones from the former Burma, where state-controlled mines supply sapphires, pearls, jade and 90 percent of the world's rubies. However, Myanmar officials and merchants say western sanctions have not had any impact on the industries in the military-ruled country. Picture taken March 11, 2008. REUTERS/Aung Hla Tun (MYANMAR)
MYANMAR/GEMS
RTXA64
November 13, 2007
A jade merchant inspects the most valuable jade lot that will be auctioned at the Mid-Year Emporium in...
Yangon, Myanmar
A jade merchant inspects the most valuable jade lot that will be auctioned at the Mid-Year Emporium in...
A jade merchant inspects the most valuable jade lot that will be auctioned at the Mid-Year Emporium in Yangon November 13, 2007. The lot, which weighs 171kg (376lbs) and has a reserve price of 80 million euros ($117.5 million), is owned by a local private company. Western sanctions on army-ruled Myanmar's lucrative gems trade are likely to fail because nearly all buyers are from Asian countries which have no stomach for trade embargoes, officials and traders said on Tuesday. REUTERS/Aung Hla Tun (MYANMAR)
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