JOURNAL ARTICLE

Myanmar Says Giant 11,000-Carat Ruby Found in Mandalay Region.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kyaw, Khine Lin 3 of 3

Abstract

The article reports on Myanmar's announcement of the discovery of an exceptionally large 11,000-carat (2.2 kilograms) ruby in Mogok, the country's central gemstone hub near Mandalay. The Ministry of Information described the purplish-red stone as rare and more valuable than a previously found 21,450-carat ruby from 1996, though no estimated value was provided. Myanmar, known for its precious stones and jade, faces challenges such as illegal mining and economic difficulties linked to ongoing civil conflict and military rule. The discovery occurred under the current military-backed government led by former military leader Min Aung Hlaing, with regulations requiring miners to report valuable finds to the central authorities. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/05, pN.PAG
  • Document Type:Article
  • Subject Area:Communication and Mass Media
  • Publication Date:2026
  • Accession Number:193630934
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