Monday, October 7, 2013

Mong Hsu Rubies

In central Myanmar, the area of Mong Hsu began producing rubies during the 1990s and rapidly became the world's main ruby mining area.

The most recently found ruby deposit in Myanmar is in Namya (Namyazeik) located in the northern state of Kachin.
The new deposit has also affected the world capital of the ruby business: Thailand. Many of the ruby traders and cutters from Chanthaburi and Bo Rai have moved to Mae Sai in Thailand. In Tachilek in Myanmar, across the border from Mae Sai, a flourishing trade in Mong Hsu ruby has transformed a village into a prosperous town. Most Mong Hsu ruby is cut and marketed in Thailand.
Thailand is the world's most important ruby trading center. Perhaps 80 percent of the world's ruby goes through Thailand at some point in the trading cycle. The largest ruby cutting factories are in the Chanthaburi area of Thailand. Bangkok is generally where the world's buyers come to purchase ruby.