Special Report - Myanmar old guard clings to $8 billion jade empire


  • World
  • Sunday, 29 Sep 2013

HPAKANT, Myanmar (Reuters) - Tin Tun picked all night through teetering heaps of rubble to find the palm-sized lump of jade he now holds in his hand. He hopes it will make him a fortune. It's happened before.

"Last year I found a stone worth 50 million kyat," he said, trekking past the craters and slag heaps of this notorious jade-mining region in northwest Myanmar. That's about $50,000 (30,975 pounds) - and it was more than enough money for Tin Tun, 38, to buy land and build a house in his home village.

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