Jade raw material prices fall or will affect the retail market

On the 16th, in the jade store near Jinan Quanfangfang, the salesperson enthusiastically introduced jade jewelry to customers. For price changes, many sales staff said that the recent retail price is relatively stable, there is no decline.

After experiencing a wave of advancement, the Burmese Jade “public”, which has always been regarded as a benchmark in the domestic jade market, has gradually cooled in the near future. At the same time, the domestic jade market demand also showed a downward trend, "cooling" or will be swept the once "hot" jade market.

“Before the Feixu market's 'virtual fire' was too prosperous, the market was returning to rationality as investors gradually matured. At the same time, high-end and low-end products would also appear polarized.” On the 16th, Shandong (Qilu) betting club’s executive affairs According to an interview with the Economic Herald reporter, Jing Changqing, deputy secretary general and manager of the business department, said that affected by this, it is not ruled out that the price of retail jade jewelry will fall back in the coming period of time.

Demand slipped and the price went down on the 16th. In the jade store near Jinan Quanfangfang, the salesperson enthusiastically introduced jade jewelry to customers. For price changes, many sales staff said that the recent retail price is relatively stable, there is no decline.

However, according to Jing Changqing, the price of raw materials in the upper reaches has already started to fall. If this situation continues, the prices of downstream jadeite jewelry are likely to fluctuate. However, the range of fluctuations is hard to predict. “Since this year, the Jade market has indeed declined. No matter whether it is from the passenger flow or the purchase volume, it is not as popular as last year.” Jing Changqing’s guidebook reporter said that the demand has decreased compared to the previous year and the price will surely fall back. .

According to the latest data from the “Public” auction of Burma Jadeite, the increase in raw material prices has narrowed, and the volume of rough stone has dropped by 70%.

As for the reasons for the decline in demand, Jing Changqing’s analysis is mainly related to the economic downturn. "Emerald is a luxury product. When the economic situation is good and people's income levels are high, people are buying more. Now that the market is not optimistic, people will not dare to act even if they have money," said Jing Changqing. High-end products are still at a high level. "The price of jadeite is not simply a general decline, but a trend of polarization." Jing Changqing stressed that even in the current situation of bad market, the price of collector-grade jade is still increasing. rising.

Jing Changqing stated that the so-called “collectible jade” refers to top quality in terms of pigments, etc. Even if the price of jade has soared in previous years, the price could reach more than 10 million yuan. “Although jadeite production continues to increase, there are fewer and fewer high-quality jadeites on the market.”

Jing Changqing said that he has just returned from Burma. In the Burmese market, he is hardly able to find high-end jadeite stones. Even the high-end and high-end eyes are not many, but rather low-end products flood the market.

In this regard, Guo Ying, deputy dean of the China University of Geosciences (Beijing) College of Jewellery, said that in the past decade, the exploitation of jadeite has been much more intense than in the previous hundreds of years. It has been mined with a tipper, and one tipping over may be possible. It's equivalent to using a hand-carved plan for a month. However, the share of medium-to-high grade jadeite materials has been very small, and even the amount of exploitation has increased, but the good material is still less than before. Because the good material was dug away, the remaining mines continue to be excavated on a large scale, and the low-end products are naturally much more.

In fact, in 2008, the large demand for jadeite products in the Chinese market led to a significant increase in the extraction of jadeite in Myanmar. However, the vast majority of the increase was in low-end products, and high-end products are still in short supply. “It is expected that the price of high-end jade will continue to rise steadily,” said Changqing Chang.

The market tends to rationally lower prices for low-end products, and high-end products continue to be high. For the once jaded jade market, this means “return to rationality”. Jing Changqing believes that before this, with the rapid growth of the jadeite market, many speculators holding large amounts of capital have also entered this market. However, these people are not all connoisseurs. Many people spend hundreds of millions of dollars to buy rough jade without knowing the basics. The irrational market is evident.

"Now a 50 million yuan bracelet should be reduced to 4 million to 5 million yuan to be reasonable, that is to say about 90% drop." Motai believes that the emerald price is in the Yunnan Baoyu Stone Professional Committee. Based on the price in 2007, plus an annual appreciation of 20%-30%, it will be considered as a rational return to normal track.

The data from the China Jewelry and Jade Jewelry Industry Association shows that in 2010, the annual sales of jewelry in China exceeded 200 billion yuan. In jewelry consumption, jade jade sales of about 40 billion yuan each year. In the interview, a number of jewellery operators reported to the reporter that along with the previous price rise, Jade has become a hot spot for investment in the market, and this situation has changed.

“As the number of knowledgeable people is increasing, the jade market will gradually be rational, and the situation of skyrocketing prices and plunges will be eased.” Well Changqing said.