Global silver trade from the 16th to 18th centuries 1500 to 1800, Mexico and Peru produced about 80% of the world's silver with 30% of it eventually ending up in China (largely because of British merchants who used it to purchase exotic Chinese commodities). In the late 16th and early 17th century, Japan was also exporting heavily into China and the foreign trade at large. As has been demonstrated, China dominated silver imports. The market value of silver in the Ming territory was double its value elsewhere, which provided great arbitrage profit for the Europeans and Japanese. The abundance of silver in China made it easy for the country
Goblet (17th - 16th centuries BC, Vanadzor) Goblet (17th - 16th centuries BC, Vanadzor) The Goblet from the 17th-16th centuries BC was discovered in Vanadzor, Armenia. It is kept in the History Museum of Armenia's collection under the number 1861-1. The goblet is prepared by a gold tin engraving method. It is spherical, with a hollow stem and wide mouth opening. The center of the stem is surrounded by three pairs of lions facing each other. The images of the animals are made by the engraving method. They have wide open mouths, and tongues marked by two crossing lines. Their tails are long, wrapped around the stem