Etiquette in Myanmar
Myanmar is a sovereign state located in the Southeast Asian region. Myanmar is bordered by India and Bangladesh to its west, Thailand and Laos to its east and China to its north and northeast. Its capital city is Naypyidaw, and its largest city and former capital is Yangon (Rangoon). Myanmar has been a member of the Association of Southeast Asian Nations (ASEAN) since 1997.
Jade trade in Myanmar
Until the capital of Myanmar was moved from Yangon (formerly Rangoon) to Naypyidaw, jade auctions were held in the city. The auction procedure was open only to invited buyers. A liberal amount of time was provided to view and examine the jade boulders with provisions for light, water, and other paraphernalia necessary for close examination. The auction was held over a 10-day period, with viewing occurring the first day, along with auctions of gems and pearls, followed by auction of jade. All registered buyers received catalogues and an assigned bidder number, which had to be recorded on their bid form. Bid forms were collected by MGE officials and opened by the auction committee.
MGE classifies jade into Imperial jade (7 grades): grade A brings the highest price. The catalog then lists Commercial jade (also 7 grades): higher grades of commercial jade, both cabochons and rough, are priced very close to imperial jade. The third grade is Utility jade, which is of such quality that it can be used only for carving and made into cups and saucers and other decorative items. This utility jade is commonly bleached and dyed. After the capital moved to Naypyidaw, auctions are held there.