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U.S Secretary of State Hillary Clinton meeting with Burmese President Thein Sein in September 2012. (U.S. State Department Image)



  As U.S. begins lifting sanctions against Burma, gem industry must wait longer for relief


October 14, 2012


It may still be some time before the flow of gemstones from Myanmar (Burma) to the United States is resumed. This is despite an announcement by U.S. Secretary of State Hillary Clinton that the U.S. government will begin lifting a ban on imports of goods from the country.

Mrs. Clinton made the announcement in New York, following a meeting with Burmese President Thein Sein. She said the move would come in response to the continued implementation of political and economic reforms by the government in Rangoon.

"We will begin the process of easing restrictions on imports of Burmese goods into the United States," Mrs. Clinton said. "We hope this will provide more opportunities for your people to sell their goods into our market."

But the process of lifting sanctions is likely to be slow and gradual, with U.S officials explaining that most probably will be implemented on a sector-by-sector basis. According to a source quoted by Associated Press, items such as jade and other precious stones are likely remain under embargo for some time still.

But observers question how damaging the sanctions regime has actually been. The growth of the Chinese market, which has a long-established love affair with jade has sent prices for that gemstone soaring, and it is questionable whether the absence of U.S. buyers is affecting Burmese ruby producers.

Jade products from Burma were to go on show at the 9th China-Asean Expo in Nanning, the capital of southern China's Guangxi Zhuang Autonomous Region. More than 90 companies from Myanmar would be exhibiting, as would producers of rubies and sapphires from the Mogok region.

Myanmar produced 46,810 tons of jade in 2010 and 2011.

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