Chapter 443: Myanmar Jade Public Offering (Part 2)
However, the latter two invitation methods must be submitted by the inviting party to the organizing committee for review and approval in the form of a guarantee. Merchants bidding for jade wool are just like getting on the bus and buying tickets. They only have the invitation letter in their hands.
Opportunity to board.
Of course, if there is no invitation letter, it does not mean that you cannot enter the public sale, but you must be guaranteed by the Myanmar Jewelry Company and pay a deposit of 10 million kyats per person to the organizing committee before you can enter the public sale, and
After the public sale is over, the full amount will be returned to the mortgagor.
Each invitation letter can bring two people to the venue. The invitation letters for Zhuang Rui and Song Jun were issued by the Myanmar Jewelry Association, but Qin Haoran and his wife were invited by the Myanmar Jewelry Trading Company. As for where Fatty Ma came from
What they got, they don’t know.
Behind these buses, there are also some vehicles parked. These are the vehicles of local jade trading companies in Myanmar, coming to bring their customers into the venue.
"Zhuang Rui, Mr. Song, let's take this car..."
Someone also came to greet Qin Haoran and others. The other party drove a small minibus. Qin Haoran greeted Song Jun and others, and they all got into the minibus. Although the air-conditioning cooling effect inside was very average,
Compared with the bus with hot air blowing from all sides, it is much better.
After the minibus waited for everyone to get on the bus, it started off. It did not go with the bus behind it. The venue for this public sale was more than 50 kilometers away from Yangon City, which was exactly opposite to the hotel where Zhuang Rui and others stayed.
You have to go through Yangon city to get there.
Yesterday, the Shwedagon Pagoda that Zhuang Rui and others went to was also on the edge of downtown Yangon. Sitting on a minibus, this was the first time for Zhuang Rui to observe the exotic scenery of Yangon so closely.
Yangon looks like a huge park. Inside the city, there are plants, flowers, and pagodas everywhere. Monks with bare left shoulders and red cassocks are walking barefoot on the street. They all carry a
Holding a brown-red oil paper umbrella, he would put his hands together and say hello to people on the street from time to time.
The buildings in Yangon clearly have the style left over from the colonial era. The dark red roofs are typical British buildings. The Hindu temples are inlaid with statues of various gods and covered with moss. The square boxes invented by modern civilization.
Domes, pagodas, churches, pigeons playing in the sky.
All the cars driving on the street look like they were driven from the scrapyard. Most of them are rusty. Due to the Western blockade, it is difficult for Myanmar to import cars. Many cars are from the Ne Win era, classic cars, Jeeps and
In comparison, the taxi that Zhuang Rui and the others took when they arrived yesterday can be considered a new car.
What surprised Zhuang Rui the most was that there were many open-air bathrooms on both sides of the road, separated from the street by a wall. A group of women were wrapped in skirts. Zhuang Rui was sitting in the car, and he could see the bathrooms.
, some plump shoulders and arms exposed from the top of the wall.
The driver's eyes seemed to be looking there intentionally or unintentionally. The car was driving very slowly, and you could even hear the sound of them using wooden buckets to water their bodies, and their loud laughter.
The women were just walking on the roadside wearing a towel, twirling their hair with their hands, and their snow-white thighs and plump breasts were almost exposed.
Fortunately, Zhuang Rui was sitting in the back row, otherwise his eyes would have been caught by his mother-in-law. Just now he took a sneak peek forward and found Qin Haoran staring at the front of the car intently. Zhuang Rui was filled with admiration.
, but he didn’t know that his mother-in-law’s little hands were secretly pinching the soft flesh of her husband’s waist.
After the car drove out of Yangon City, it started to accelerate. However, the car was also old and the speed was not very fast. According to the driver, it would still take an hour to get to Jade Public Market.
"Brother Ma, why is this place where jade is traded called a public sale?"
Zhuang Rui was a little bored and chatted with Fatty Ma and others in the car. He heard about this word, but Zhuang Rui really didn't know the meaning of public offering.
"You kid, you don't even know this, so you come here to bet on stones. This bet is... just..."
"Come on, Brother Ma, you are putting a green onion in a pig's nose - pretend to be an elephant..."
When Fatty Ma heard this, he ridiculed Zhuang Rui first, but when it was his turn to explain, this guy also scratched his head, hesitating and couldn't speak, and he was also half-assed at being brave.
"Haha, public sale means that the seller announces the items to be traded in the market, allowing industry insiders or the market to evaluate the lowest transaction price recognized in the market based on the quality of the items, and then the buyer bids on the basis of this price.
Bidding.
However, the locals call the jade public market "mcc", while in Pingzhou in the mainland, it is called "jade standard"..."
Qin Haoran, who was sitting in front, laughed and taught Zhuang Rui and others a lesson. He explained the origin and development of the Burmese Jade Public Offering to everyone in detail.
The earliest jade auction held in Myanmar dates back to 1962. It was after the military took over the Myanmar government. In order to block the loss of tax revenue and use the scarce jade resources to create more foreign exchange income for the country, it was launched in 1964.
A public sale of jade and jade raw materials will be held in March this year.
Qin Haoran also added that the valuation of raw material on the jade public market is only the lowest price negotiated by industry insiders or the market. There is no need to conduct special appraisal of the item, because there are some hidden marks that cannot be valued.
Yes, the price can only be marked by the owner of the wool.
Myanmar's "Jewelry Law" stipulates that all jade and jade raw materials mined from mining areas must be brought to Yangon for classification, grading, numbering, and minimum price. Every year, jewelry merchants from around the world are regularly or irregularly invited to go.
Yangon conducts valuation bidding for these woolen materials, and whoever pays the highest price can buy it.
With the development today, Myanmar's jadeite public sale is already quite formal. Like the Pingzhou public sale, it is divided into two methods: explicit marking and covert marking. Of course, the Pingzhou public sale is completely copied from the Myanmar public sale.
way of doing.
After the merchants filled in the number issued by the organizing committee to the bidder, the bidder's name, the bidding wool number and the bid price on the bidding form, they put it into the bid box marked with the wool number, because the bidders did not know each other.
The bid items and bidding prices of each bid are therefore called "hidden bids".
This point is somewhat different from the Pingzhou public bidding. The hidden bids of the Pingzhou public bidding are all unified together. It is very troublesome to count when opening the bid. It is not as good as the Myanmar public bidding, one piece of wool and one standard box, which will be much more convenient during the bid opening.
When the bid is unveiled, the winning bidder and the bid price are publicly announced based on the raw material number. For each public sale of jade jade raw materials, more than 4/5 of the jade raw materials are sold with hidden bids, which can be said to be the main way of selling raw materials.
Naturally, it is an on-site auction where the wool merchants all gather in the trading hall. Every time the public auction staff announces a wool material number, the bidders take turns bidding on the spot. Whoever presents the highest bidding price will win the bid.
"By the way, Zhuang Rui, if you win the bid, you'd better pay and clear the formalities right then and there. The organizing committee will handle customs clearance, transportation formalities or approval of sales and processing certificates for free on site. This can save a lot of things..."
After Qin Haoran introduced some information about the public sale, he specifically explained to everyone what to do after winning the bid. If the winning bidder fails to pay the price of the wool on the spot, he will only sign a "Bid Winning Contract" with the organizing committee and does not need to pay any deposit, but the winning bidder must
The winning bid money will be remitted to the Myanmar bank account designated by the organizing committee within 3 months, and the organizing committee will have full authority to handle customs clearance, transportation and other matters for free.
Of course, small pieces of wool can also be taken with you, and the certificate issued by the organizing committee can be used to clear customs.
The organizing committee will create special files for the wool merchants who have won the bid, so that they can participate in the public auction again and receive preferential treatment for admission procedures, which is a bit like VIP treatment.
If wool merchants evade the bid after winning the bid, the punishment will be quite severe. The organizing committee will impose a penalty of indefinite (Burmese nationality) or 10 years (foreign nationality) cancellation of their qualifications to participate in the public auction. Foreign merchants will
Furthermore, their entry qualifications will be restricted for five years.
As everyone talked, the car also drove to the venue of Myanmar's jade fair: the Myanmar National Jewelry and Jade Trading Center. Zhuang Rui and others got out of the car one after another, looking at it more like a military camp than a place where jade is bought and sold.
.
Because at the entrance of this public sale, there were not only soldiers with live ammunition, but also an armored vehicle parked. Outside the wall built with a steel structure, groups of soldiers were patrolling to prevent someone from climbing over the wall and
enter.
"Let's go, there are not many people here, hurry up and get the admission ticket..." Qin Haoran got off the car and went straight to the window at the entrance of the public sale. Zhuang Rui was a little confused. Didn't he already have an invitation letter, so why should he do it?
Pass?
"You kid really doesn't understand anything. That's called a deposit. If you buy something that misses the bid, the money is non-refundable. If you don't buy it, it will be refunded to the account you designated..."
Fatty Ma knew this, and proudly boasted to Zhuang Rui for a while, then ran over with his fat body shaking. If the bus arrived later, it would be crowded.
"Damn, ten thousand? Or euros? Can you ask the U.S. dollar?"
Zhuang Rui was speechless after hearing what Peng Fei said as a temporary translator. He didn't have euros, and the check was written in dollars. The organizing committee didn't know why they were so crazy. U.S. dollars were obviously hard currency in Myanmar, so they had to take euros.
Come trade.
Fortunately, US dollars can also be paid according to the exchange rate. After filling out a personal information form and paying the money, Zhuang Rui and Peng Fei each received an admission pass that could be hung around their necks. There was a set of numbers on it. They entered the venue.
When bidding later, you need to write down the number on your admission ticket.
