"The weeklong expo, which concluded October 29 at the Mandalay Convention Centre, included sales of raw and finished jade and gemstones. “We sold more than 1800 jade lots and earned more than K30 billion,” he said. “We thank all those who displayed their gems at the event and jade and gems merchants.” U Kyaw Zaw Aung said that more revenue than expected was generated by the event, considering the country’s economic difficulties. He said the organisers were encouraged by the results and would continue to hold such events. Over 2890 jade lots were offered for sale at the exhibition. Jade sellers had to pay 11 percent in jewellery taxes, and buyers paid 5pc in commercial taxes. More than 6500 local and 500 foreign gem traders attended the exhibition. Admission was K20,000 for locals, and K100,000 for foreigners. Foreigners were not allowed to buy raw jade lots, but were able to buy finished gems..."