A massive jade stone weighing 174.6 tons was discovered at a mine in Hpakant town, Kachin state, Myanmar on October 13, according to the BBC. share0
The jade block, measuring 4.3 meters high and 5.8 meters long, is reportedly worth an estimated $170 million. (Photo: QQ)
Yadanar Taungtann Gemstone Company discovered this enormous jade block at a mine in Hpakant town. The newly discovered block is second only in size to the 260-ton jade block used to carve a Buddha statue at a temple in Liaoning, China. (Photo: QQ)
“The jade block is as big as two small houses. It’s one of the largest gemstones ever found. I believe this stone will bring us good luck,” said a local resident. (Photo: QQ)
Myanmar is the world’s largest producer of jade, and the industry contributes $50 billion annually, accounting for half of the country’s GDP. (Photo: QQ)
The wholesale price of jade from mines is around $1,000/kg, but the retail price can rise to $1,400/kg. The recently discovered jade deposit is estimated to be worth approximately $174.6 million. (Photo: QQ)
Reportedly, this jade block will be shipped to China to be crafted into jewelry and statues. (Photo: QQ)