JADEITE STONE GAMBLING: THE CHINESE GAMBLERS BETTING MILLIONS ON ROCKS

On 27 May, an article on the Sixth Tone website is concerned with “stone gambling”, explaining that it has long been a popular method of trading rough jadeite across the China-Myanmar border.  The outer layer of some jadeite stones is so weathered that it is impossible to judge the quality of the mineral underneath, and only after they are cut open can appraisers ascertain their true value.  It is said that thrill-seeking gamblers take advantage of this by buying up uncut jadeite in hopes of striking it rich.  It appears that the rise of livestreamed stone-gambling events has pushed the craze to new heights, and livestreams have dispensed with the secrecy and regional limitations that originally defined stone gambling, making the practice more accessible. 

https://www.sixthtone.com/news/1007559/crazy-stones-the-chinese-gamblers-betting-millions-on-rocks

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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