Myanmar plans to hold a gems emporium in the country's new capital of Nay Pyi Taw this coming October. The government plans to promote the annual third quarter sale in such a way to encourage gem traders to sell more high quality gems, jade, pearl and jewelry to the international trade, reported Xinhua News.

The specific date for the sale has not been set as a  new jade exhibition hall is still under construction adjacent to an existing jewelry exhibition hall in Nay Pyi Taw. Xinhua reported that  Myanmar's gem sale, which was held in Yangon during June and July,  earned $890 million from 7,000 lots of gemstones and jade.

Myanmar's Central Statistical Organization reported production of  22,600 tons of jade and 9.5 million carats of gemstones for this fiscal year.