[1] MGE manages the mining, marketing, and sales of Burmese jade and gemstones, and administers gemstone regulations and licensing, participates in joint ventures for mining operations, and collects royalties.
[1] MGE organises biannual gem emporiums for extracted jade and gemstones.
[2][1] MGE generates approximately half of the Burmese government's annual revenue.
In 1976, the Burma Gems Corporation was established to mine and market gemstones.
[5] Following the 2015 Myanmar general election, which was won by National League for Democracy, the military-owned Myanma Economic Holdings Limited quickly secured 58% of MGE's jade and gemstone mining licence, becoming the country's largest licence holder.