Connect with us

Headlines

U.S. Ban On Burmese Jade, Rubies Lifted

Published

on

President Obama signed an executive order.

An executive order signed by President Barack Obama lifts a U.S. ban on gemstones, including jade and rubies, from Myanmar, formerly known as Burma.

The Oct. 7 order cites several reasons for lifting the restrictions:

  • “Historic elections in November 2015 that resulted in the former opposition party, the National League for Democracy, winning a majority of seats in the national parliament and the formation of a democratically elected, civilian-led government.”
  • “The release of many political prisoners.”
  • “Greater enjoyment of human rights fundamental freedoms, including freedom of expression and freedom of association and peaceful assembly.”

The American Gem Trade Association explains that the order “clears all gemstones, including rubies and jade, from Myanmar, including current and future inventory.”

The association said it will “continue to work with representatives to help develop a transparent supply chain that is viable for Myanmar as well as the industry as a whole.”

The import of jade and rubies was originally barred by the Tom Lantos Block Burmese JADE Act of 2008. Obama renewed the ban via executive order in 2013.


Read the president’s new order.

Advertisement

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

Promoted Headlines

Most Popular