The "public plate" of jade wool is a grand event in the trading of jade wool. It is a more unique and fair auction method. The public usually lasts about 10 days.

Myanmar has strict management of jade resources. Only through the "public" can be traded out of the country, the other is considered smuggling.

The Burmese Jade Public Plate is like a jade shop in the “competition competition”. It is a great competition for financial resources, eyesight and courage. Before the official public market, all jade wool materials were numbered, indicating the number of pieces, weight and reserve price, but the reserve price is generally low. All the wool materials were exhibited for three days. The jade merchants observed all the exhibits one by one, selected the wool they needed, and then evaluated the price, determined the best bid price, and put it into the bidding box. For the same material, because there are many people competing, and they do not know each other's bid price (as a dark standard), the bid price is very subtle. The price is high, the price is low, and the price is low. When others buy it, in the public market, there are often cases where the price is a few yuan or tens of dollars lower and the company can earn millions of yuan of jade wool. On the day after the official subscript, the price of the company and the winning bid for each piece of material will be officially announced one by one. The wool is transported by the successful bidder to the destination by the successful bidder.

Since October 2009, the Myanmar public security system has been implemented. That is, every jade merchant who goes to Myanmar for public bidding must pay a deposit of 10,000 euros to apply for admission. And 10% of the price of the winning jade will be paid within one month after the end of the Myanmar trade fair. All jade payment will be paid within 3 months after the end of the trading, and the deposit will be forfeited if there is a breach of contract. Myanmar public bids are used in euros. Therefore, there have been many incidents in which Chinese businessmen who went to Myanmar bid for misappropriation of RMB bids to win economic losses due to many times higher prices.

In recent years, the price of jadeite has been soaring due to the increasing demand for jade market in China and the shortage of jade resources.

According to the incomplete statistics of single transactions, about 70% of the transaction price is slightly higher than the reserve price, and 20% of the left-handed transaction price is 1 to 2 times higher than the reserve price; nearly 10% of the competition is very intense. Some even sold more than 10 times the reserve price. Perhaps the other side reflects that the price of colored and good jade raw materials has increased a lot.  

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