Update on Gemstone Mining in Luc Yen, Vietnam | Gems ...
Gem exploitation began in earnest in June 1988, with the establishment of VINAGEMCO (Vietnam Gemstones Company), a state-owned company for exploration, mining, processing, and trading. Mining activity began that September, with a joint venture between VINAGEMCO and B.H. Mining Company of Thailand to work the Khoan Thong Valley placer.