Q2 2024 Hetian Jasper Market Analysis Report

Q2 2024 Hetian Jasper Market Analysis Report

I. Market Overview

The Hetian Jasper market in Q2 2024 generally showed a steady upward trend. Influenced by the domestic economic recovery, sustained enthusiasm for collection and investment, and the deep-rooted culture of Hetian jade, jasper, as an important member of the Hetian jade family, continued its strong market performance. Especially high-quality and rare-origin jaspers are increasingly demonstrating their value preservation and appreciation attributes.

II. Price Data Analysis

The price performance of Hetian Jasper in this quarter is as follows:

* Ordinary Quality Jasper (average material, slightly coarse structure, uneven color): Price range is 300-800 RMB/gram. Compared to the previous quarter, prices remained largely stable with minor fluctuations, mainly influenced by market supply and demand balance. Transaction volume accounted for approximately 50%.
* Medium Quality Jasper (fine material, even structure, relatively pure color): Price range is 800-2500 RMB/gram. Prices in this quarter saw a slight increase of approximately 3%-5%. Such jaspers are favored by collectors and consumers due to their high cost-effectiveness and aesthetic appeal, accounting for about 35% of the transaction volume.
* High Quality Jasper (spinach green, apple green, etc., excellent material, high oiliness, no obvious flaws): Price range is 2500-8000 RMB/gram, with some top-tier collectible pieces even exceeding 10000 RMB/gram. The price increase for such jaspers was the most significant, reaching 5%-8%. Scarcity and high collection value are the main drivers of their price appreciation, accounting for about 15% of the transaction volume.

Overall Transaction Volume: The total transaction volume in the Hetian Jasper market in this quarter increased by approximately 8% quarter-on-quarter. The rise of online trading platforms and live-streaming sales models injected new vitality into the market.

III. Market Trend Analysis and Forecast

• Quality Remains King: The market's pursuit of high-quality Hetian Jasper will continue. Fine material, pure color, and highly oily jaspers will still have room for price appreciation. Prices for ordinary quality jaspers will remain stable, but with limited appreciation potential.


• Increased Importance of Origin Traceability: Consumer attention to the origin of jasper (such as Manasi, Russia, Canada, etc.) is growing. Jaspers with clear origin markings and authoritative appraisal certificates are more recognized by the market.


• Enhanced Cultural Added Value: Jasper works with unique designs, exquisite craftsmanship, or cultural connotations will have higher added value and are more likely to command a market premium.


• Strengthened Investment Attributes: In the context of increasing global economic uncertainty, Hetian Jasper, as a rare physical asset, will further enhance its anti-inflation and value preservation investment attributes, attracting more long-term investors.


• Integration of Online and Offline Development: New media marketing models such as live streaming and short videos will continue to deepen, complementing traditional offline physical stores and jointly promoting market development.

| Quality Grade | Material Characteristics | Color Characteristics | Oiliness | Flaw Conditions | Price Range (RMB/gram) | Price Change (This Quarter) |
| :------------ | :----------------------- | :-------------------- | :------- | :-------------- | :--------------------- | :-------------------------- |
| Ordinary | General, slightly coarse | Uneven, darker | Average | More | 300-800 | Stable |
| Medium | Fine, even | Relatively pure, slight color difference | Good | Few | 800-2500 | +3% ~ +5% |
| High-end | Excellent, dense | Spinach green/Apple green | Very High | Very few or none | 2500-8000+ | +5% ~ +8% |

V. Investment Recommendations

• Prioritize High-Quality Fine Pieces: For investors and collectors, focus on fine jaspers with delicate material, pure color, high oiliness, and no obvious flaws, especially those with rare origin characteristics. Such jaspers have strong risk resistance and appreciation potential.


• Emphasize Craftsmanship and Cultural Connotation: When investing, not only consider the jade quality but also the carving craftsmanship and the cultural meaning of the work. Works by renowned carvers or with unique cultural themes have higher artistic and collection value.


• Beware of Market Risks: There are instances of misrepresentation, dyeing, and counterfeiting in the market. Investors must be vigilant, choose reputable merchants, and request authoritative appraisal certificates.


• Long-Term Holding Strategy: The investment return cycle for Hetian Jasper is relatively long. It is recommended to adopt a long-term holding strategy to achieve better appreciation returns.


• Diversified Investment Portfolio: It is advisable to include Hetian Jasper as part of an asset allocation, combined with other investment categories, to diversify risks.

The Hetian Jasper market showed stable performance in Q2 2024, with the investment value of high-quality jasper continuously highlighted. As consumer awareness of Hetian jade culture increases and investment demand grows, it is expected that the Hetian Jasper market will continue to maintain a healthy development trend in the future, and the scarcity of fine jaspers will further push up their market prices. Investors should analyze rationally, choose carefully, and seize market opportunities.