Also on the trade mission: James Shigley from the Gemological Institute of America; Timothy Haake of Haake Fetzer, senior counsel to JA; and a representative of the Inle Advisory Group, a Myanmar-centric business consulting firm. However, the 2003 legislation had a rather large loophole. 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. The reason, as we understand it, is that the JADE Act of 2008 requires the approval of Congress to remove the ban. Aung San Suu Kyi and the NLD were allowed to participate in a by-election in April 2011 and won 43 of 45 seats contested. It is very beautiful! Other gem varieties, such as spinel and zircon were not affected. August 2013: Obama executive order extends ban. This is due to a limited availability and high demand. We believe that if we are going along the right path, all sanctions should be lifted in good time. The US issued the announcement during a visit by Daw Aung San Suu Kyi, Myanmar’s leader, whose victory in democratic elections last year was viewed by the Obama administration as a triumph in the president’s strategy of engaging with countries the United States had long shunned. Currently it is illegal to import Burmese rubies into the U.S. In addition, Burma's security forces, operating with little oversight from the civilian government, often act with impunity. During this time, the prices of Burmese rubies has increased exponentially due to many market conditions and the restricted trade. You will hear from me again:) Take care, The 8-year-old sanctions on Burmese ruby and jade coming into the United States were officially lifted by an executive order dated Oct. 7. The Burmese Ruby Tiara worn by the Queen on that occasion was commissioned in 1973 and included 96 rubies given to Elizabeth as a wedding present by the people of Burma. In the very near future, it will once again be possible to import Burma ruby and jadeite to the United States. Estimates of the per capita income are unreliable, but it is probably about $230 US. ", September 2016: President Obama pledges to lift all remaining Burma sanctions. Two very important considerations to keep in mind as address the effects of this new legislation are as follows. "We’re not afraid of sanctions," she was quoted as saying. The timing was auspicious—leaders of the American Gem Trade Association (AGTA) and Jewelers of America were on a trade mission to Myanmar (formerly Burma) when the sanctions were lifted. Myanmar's currency is the kyat. November 2012: Sanctions Lifted ... but not on ruby and jadeite. The 8-year-old sanctions on Burmese ruby and jade coming into the United States were officially lifted by an executive order dated Oct. 7. Click here to read the announcement from the US Treasury Department. The ban on jade and rubies from Myanmar (Burma) is part of the Tom Lantos Block Burmese JADE Act of 2008. May 2016: US renews ban on Burmese ruby and jadeite despite democratic elections in Burma. Rubies are the biggest earner; 90% of the world's rubies come from the country, whose red stones are prized for their purity and hue. Subscribe Now and receive the latest news directly to your inbox. -- TS, USA, Dec 2020, Hello! I can't wait to see them [8.85 ct Amethyst pair] and design something for my beautiful girlfriend. The [5.42 ct Santa Maria] Aquamarine is beautiful and I am happy with its quality, thx! Since 2003, the United States government has banned the importation of gemstones from Burma (Myanmar), especially valuable ruby and jadeite. However, the country does not reap from its rich ruby deposits, with most of the rubies being smuggled out of the country. “Customers are still asking for Burma rubies,” Bilgore says. Ruby, even Burma ruby, is not illegal. In 2008 the Bush administration moved to close this loophole with the passing of new legislation, known as the Tom Lantos Block Burmese JADE (Junta's Anti-Democratic Efforts) Act of 2008. Everyone wants to do business in the right way. “I can get some others if you want,” she says. Thanks so much for following up. 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Recently, the US government decided to lift the ban on the importation of rubies and jade from Myanmar (Burma) that had been in place since the Lantos JADE act of 2008. This article provides a short history on the ban on Burmese gems, including the latest news on the sanctions. Dear Ron, Thank you for following up the order, I have already collected the registered post from the post office. “In part because of the progress that we’ve seen over the last several months,” Mr. Obama said, “the United States is now prepared to lift sanctions that we have imposed on Burma for quite some time. The order is effective as of October 7th. More information about Burma is available on the Burma Page and from other Department of State publications and other sources listed at the end of this fact sheet. Historically, the term “pigeon’s blood” described the red to slightly purplish or pinkish red color of rubies with a soft, glowing, red fluorescence. New imports of Burma ruby are. 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