A total of 268 gem trading licences are due to expire in July 2024, Myanma Gems Enterprise notified.
Under the approval of the Ministry of Natural Resources and Environmental Conservation, those holding available licences (gems and jewellery trading licence, manufacturing licence for finished gems and carvings and rough gemstone and finished products trading licence) issued by the Myanma Gems Enterprises need to proceed to the renewal process three months before the expiry date. They must renew them at least one month before the expiry.
Additionally, they can notify the Myanma Gems Enterprise of winding down a business with one month’s notice prior to ceasing the operation.
Those who want to resume business can proceed to the renewal procedure at the departments concerned with the Myanma Gems Enterprise during office hours.
Nonetheless, only those holding licences with a two-year expiry were allowed to reinstate them with the set penalty starting from 1 April 2024. Those licences that expired more than two years ago would get cancelled, as per the notification.
Licence renewal applications can be processed at the Myanma Gems Enterprise (Nay Pyi Taw), Gems and Jewellery Museum in Yangon, Mandalay’s Branch Office, mining departments in Mogok, Lonkhin/Hpakant, Mongshu and Myitkyina areas, in line with the rules and regulations.
More than 600 gem trading licences have been cancelled, according to the notification released by the Myanma Gems Enterprise (MGE). Those licences expired on 31 December 2021, and traders failed to renew them, resulting in revocation.
The revoked licences are 409 gem and jewellery trading licences, 77 rough gemstone and finished products trading licences and 121 licences for finished gems and carvings, totalling 607 licences.
For further detail of those licences, traders can contact the phone numbers (067 3414342, 067 3414382) (Nay Pyi Taw headquarters), 01 665092 (Yangon), 09 43087569 (Mandalay), 086 2221115 (Mogok), 09 425404928 (Mongshu), (09 455339741) of Lonkhin/Hpakant, Monghsu and 074 2522431, 074 2520499 (Myitkyina). — NN/EM
