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Opal Ring, Tourmalines Headline 2023 AGTA Spectrum Awards

Opal Ring, Tourmalines Headline 2023 AGTA Spectrum Awards
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AGTA Committee to Standardize Industry Terms Surrounding Sustainability and Ethics

AGTA Committee to Standardize Industry Terms Surrounding Sustainability and Ethics
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Gold and Bold Creativity Lead the AGTA Spectrum, Cutting Edge Winners

Gold and Bold Creativity Lead the AGTA Spectrum, Cutting Edge Winners
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The Gem Industry Speaks Out on Recent Events in Myanmar


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While many in the gem industry call the recent military coup in Myanmar (formerly Burma) a terrible tragedy, they also fear what will happen to the country’s gemstones in its wake.
On Thursday, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned three gemstone and jade companies Myanmar Ruby Enterprise, Myanmar Imperial Jade Co., and Cancri (Gems and Jewellery) Co. it said were connected to the country’s military. That means those three companies are not allowed to do business in the United States, or with U.S. companies. (The full list of recently sanctioned entities and individuals from Myanmar can be seen here.)

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