Tag Archives: Burmese rubies

Sanctions on Burmese ruby and jade lifted

The eight-year ban on the U.S. import of Burmese ruby and jade has been lifted. Although the JADE Act of 2008 expired three years ago, an executive order was issued extending the ban.

President Barack Obama signed the executive order, lifting the ban, citing: “Burma’s substantial advances to promote democracy;… the release of many political prisoners; and greater enjoyment of human rights and fundamental freedoms, including freedom of expression and freedom of association and peaceful assembly.”

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Rare Burmese ruby up for auction

A 15.99-carat Burmese ruby leads Christie’s Magnificent Jewels auction next month. Named ‘Jubilee Ruby,’ the stone is said to be the most important Burmese ruby to appear at auction in the United States in more than 25 years, the last time being when a 16.20-carat stone sold at Christie’s in 1990.

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