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Manzhouli will turn into the largest in China center for the collection and distribution of Russian jade
The largest on the Chinese-Russian border overland crossing Manzhouli seeks to become the country's largest specialized center for the collection and distribution of jade, supplied from Russia.
According to the Renminwang website, an industry association of gem and jewelry sellers was formally established in Manzhouli City to take advantage of geographic advantages, support the processing of imported minerals and create a specialized jade market, and improve the gemstone trade and circulation network. ...
In recent years, trade in jade, jasper and other kinds of precious stones has revived in China, but the resources available in the country are not enough to meet the growing demand. Therefore, since 1990-ies, Chinese businessmen began to import jade from Russia through the Manzhouli crossing. In this situation, the government of the city of Manzhouli set the goal of developing and normalizing trade between jade and China between China and Russia with the joint participation of more than 200 local companies engaged in the trade of Russian jade. Now, cooperation in the development of resources in the Russian Far East will be carried out under the leadership of the city government. Currently, several hundreds of tons of jade are imported from China through the Manzhouli crossing from Russia to China every year.
Russia accounts for 80% of global jade mining and about 30% of global gemstones and diamonds. The Far East of the Russian Federation is especially rich in precious stones. With the growing popularity of collecting gems in China, there is a huge consumer potential.