Myanmar's military has tightened its grip on the jade industry, report says

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Myanmar's military has such strong control over the country's jade trade that it would be 'nearly impossible' to buy the gemstone without enriching the generals and their allies, a new report says

Hong Kong Myanmar's military has such strong control over the country's jade trade that it would be"nearly impossible" to buy the gemstone without enriching the generals and their allies, a new report said Tuesday.

Myanmar produces about 70% of the world's jade, worth billions of dollars and fueled in large part by demand in neighboring China.But the industry in Myanmar is wracked by conflict, corruption and environmentally destructive mining practices. Miners — often impoverished migrants who flock from other parts of the country — are at risk of death and injury from landslides. Exploitation, abuse and drug addiction are rife.

Myanmar's dark treasures 02:44The coup has destabilized the industry further, Global Witness said, triggering renewed fighting in jade mining areas. The report also found that jade money was being directly channeled into the arms trade between several ethnic armed groups, fueling conflict in northern Myanmar.

 

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They were obviously watching how the Trump administration functioned.

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This just validates my decades-long policy of not buying jade.

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China is their main buyer of jade. China should boycott jade. That will never happen.

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The coup only aggravated the nexus of corruption and violence that marks the military's role in the jade industry .

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The son of army chief Senior General Min Aung Hlaing is among those who directly profited from the enterprise .

What's your definition of 'breaking news'?

Myanmar's military is using the industry to finance the February 1 coup that plunged the country into turmoil .

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How horible. I'll only buy jade for the execution temple.

Myanmar army ' tightens grip ' on multibillion jade trade .

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