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Rubies in the cross hairs of Myanmar coup

Sanctions on the Southeast Asian country are not new, but this time around jewelers who depend upon Myanmar rubies are going to be impacted as natural ruby demand continues to grow.


Myanmar, or Burma, was previously under US sanctions from 2008 to 2016 under the "Jade Act".


This time around three companies that are responsible for a large percentage of natural rubies that originate from Myanmar have been hit.


You can read full analysis via the Financial Times

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