Diamond News
Burmese Ruby and Jade ban now officially ended Barack Obama has reportedly waived sanctions against...
Andrei VesselovskiBurmese Ruby and Jade ban now officially ended
Barack Obama has reportedly waived sanctions against the trade of ruby and jadeite from Myanmar (formerly Burma). The timing was auspicious as leaders of the American Gem Trade Association (AGTA) and Jewelers of America were on a trade mission to Myanmar when the sanctions were lifted.
The ban on the importation of rubies and jade into the United States came into effect with the passage of the JADE Act in 2008. When that law expired in 2013, President Obama issued an executive order that year keeping the ruby and jade ban in place.
Barack Obama has reportedly waived sanctions against the trade of ruby and jadeite from Myanmar (formerly Burma). The timing was auspicious as leaders of the American Gem Trade Association (AGTA) and Jewelers of America were on a trade mission to Myanmar when the sanctions were lifted.
The ban on the importation of rubies and jade into the United States came into effect with the passage of the JADE Act in 2008. When that law expired in 2013, President Obama issued an executive order that year keeping the ruby and jade ban in place.
