In the past foreigners were forbidden to purchase gems in Mogok. However, things are changing in Burma and today it is now possible to buy cut stones in Mogok. It is still illegal to buy rough gems but this could change in the future. Great care should be taken in these markets as there are many tricks waiting for the unsuspecting buyer.
Dotted around Mogok and Kyatpyin are several open-air markets where gems are openly traded. These vary in size from gatherings of hundreds of people to a few people meeting up on street corners. Two of the biggest markets are the Panchan gem market in Mogok and the Pan-Ma gem market in Kyatpyin to the west of Mogok town. The Panchan market is in the heart of Mogok and busy with hundreds of brokers and dealers sitting at tables under umbrellas to shelter from the sun. Rough and cut stones are available here but most gems offered are low to medium quality. Opening prices asked for gems can leave buyers wondering if prices are being quoted in dollars or kyat!

Mid-afternoon there is a movement of dealers and brokers to the Panchan market in Kyatpyin.
Panchan Gem Market, Mogok

Brokers sit around tables in the market chatting, eating and waiting for buyers.

Many different people from diverse backgrounds come to buy and sell gems at the Panchan market.

Rough Mogok rubies are readily available. Parcels are generally low grade but single better quality stones can also be seen.

Many different people from diverse backgrounds come to buy and sell gems at the Panchan market.

A rather nice red spinel from Mogok.

Large bags of ruby crystals for sale at the Panchan market.

Three brokers discussing their dealings at the end of the day.
Pan-Ma Gem Market, Kyatpyin

Brokers making their way to the market.

Brokers congregating at the school entrance.

A parcel of rough rubies being offered at Pan-Ma. The red staining on the finger nails of the vendor would lead to suspicions that there were some dye additives being applied to the stones.

After 3pm large crowds gather at the Pan Ma Gem Market.

Brokers sitting in groups outside the school gates at Pan-Mar. Note the small brass trays they all carry and use to view the gems.

Brokers at the Pan-Ma Gem Market dealing stones.

Brokers at the Pan-Ma Gem Market dealing stones.

A parcel of cabochon sapphires being offered for sale at Pan-Ma gem market.

A parcel of rough rubies & sapphires being offered for sale at Pan-Ma gem market.