Myanmar Precious Pearls:
Pearl is regarded as very precious and auspicious and, Myanmars adored pearls since days of yore. The whole world accepted the fact that pearl is the most precious gem. Myanmar has become renown in the world as one of the countries who owns world's wonder, the precious pearls. There are over 20 countries in the world that produce pearl, among those countries, Myanmar pearls are from oysters inhabiting in Myanmar Sea and those types of oysters are the species that can be found in Myanmar only.
earls from those rare oysters are more valuable than the pearls from the rest of the world. Thus, foreign countries cause and invest in Myanmar to culture these precious pearls.
In Myanmar, the State owned pearl cultivation centers are situated in Pearl Island in Myeik, Taninthayi Division. The trial period of pearl cultivation started in Myanmar in 1986 and the new Pearl Gem Corporation was formed under the Ministry of Mines in that same year. This corporation continued to do research and trial pearl cultures were carried out and also laboratory breeding.
In 1988 when Myanmar’s economy has changed to market oriented economic system pearl cultivation commenced with invitations to local and foreign entrepreneurs for investment and to gain modern techniques in breeding oysters and to culture pearls, foreign companies were invited to join in this trade. Now, foreign companies from Japan, Australia and Thailand are breeding oysters and doing business in Myanmar.
By letting foreign companies do this joint venture in pearl breeding, the country is not losing any of its resources but can achieve the following benefits:-
The State without standing any lost can obtain the pearls in ratio.
Locals have more jobs and some one paid in dollars which in a way enhanced foreign earning for the State.
Expert of Myanmar Pearl Enterprise by working together with foreign experts learned modern technique and also be able to use modern machines and equipment.
Foreign currency earned because of the foreign companies production and for other cost accrued by them.
Imports needed for equipment things for production and cultivation of pearls can now be able to produce in the country and thus creating more job opportunities for the locals and more foreign currency earned.
After completion of the contract all the equipment and things invested by foreign companies will become State owned.
For the foreign companies also production cost is very much less compared with other countries, Myanmar sea bed is clean and clear so that they could get high quality pure genuine pearls and thus gained real profit.