MGE grants 5,687 licences to gem businesses
MYANMA Gems Enterprise (MGE) has granted licences to 5,687 gem businesses.
Those who want to execute gem and jewellery trading can seek a licence at the respective office of MGE in Nay Pyi Taw, Yangon, Mandalay, Myitkyina and Mongshu cities.
“There are 5,687 valid licence holders. Those who are 18 years old can seek gem licences related to their businesses,” said an official of the MGE.
There are three types of gem licences issued by the MGE: gems and jewellery trading licences for gem shops, manufacturing licences for finished gems and carvings and rough gemstone and finished products trading licences.
Each licence is valid for one year. They are required to proceed to the renewal process three months before the expiry date. — ASH/KK
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