Q2 2024 Market Analysis Report for Icy Jadeite

I. Market Overview and Price Data

In the second quarter of 2024, the icy jadeite market generally showed a steady upward trend. Despite global economic uncertainties, icy jadeite, as a gemstone combining scarcity and cultural value, continued to see strong investment and collection demand. This quarter, the price performance of mid-to-high-end icy jadeite was particularly prominent, while ordinary icy jadeite prices fluctuated relatively little.

Price Range:
* Ordinary Icy Jadeite (flawless or minor flaws, average transparency): 5,000 - 20,000 RMB/carat
* Medium Icy Jadeite (good transparency, gelatinous and shimmering effect, minor cotton): 20,000 - 80,000 RMB/carat
* High Icy Jadeite (excellent transparency, strong gelatinous and shimmering effect, almost no cotton): 80,000 - 300,000 RMB/carat
* Premium High Icy Jadeite (glassy grade, strong fluorescence, perfectly flawless): 300,000 RMB/carat and above, potentially reaching millions

Price Changes (Quarter-on-Quarter):
* Ordinary Icy Jadeite: Up 1.5% - 3%
* Medium Icy Jadeite: Up 3% - 8%
* High Icy Jadeite: Up 5% - 12%
* Premium High Icy Jadeite: Up 8% - 15% (some rare items saw higher increases)

Trading Volume:
Online and offline transactions were active this quarter, with trading volume increasing by approximately 10% - 15% compared to the previous quarter. The increase in trading volume for mid-to-high-end icy jadeite was particularly significant, indicating the market's pursuit of quality assets.

II. Market Trend Analysis and Forecast

  • Scarcity Driving Price Increases: The difficulty of mining raw jadeite from Myanmar is increasing, and high-quality icy jadeite rough is even rarer. The continuous tightness in supply is a core factor supporting the price increase of icy jadeite, and this trend is expected to continue in the future.

  • Consumption Upgrade and Aesthetic Enhancement: With the improvement of national income levels, consumer demand for high-quality, high-artistic-value jewelry is growing. Icy jadeite, with its unique warm luster and understated luxury, has become the first choice for high-end consumers.

  • Emphasis on Both Cultural Value and Investment Attributes: Jadeite has a profound heritage in traditional Chinese culture and is regarded as a symbol of auspiciousness and wealth. At the same time, its value-preserving and appreciation attributes also attract a large number of investors. It is expected that cultural value and investment attributes will continue to jointly drive market development in the future.

  • Growing Influence of Online Channels: Live streaming, professional e-commerce platforms, and other online channels are playing an increasingly important role in jadeite sales, expanding market coverage and improving transaction efficiency. Online transactions are expected to continue to grow.

  • Customization and Personalization Demand: Consumers' demand for unique, personalized jadeite products that match their taste is increasing, driving innovation in design and craftsmanship. In the future, icy jadeite pieces with unique design concepts and exquisite craftsmanship will be more favored.


III. Price Comparison of Different Quality Grades

| Quality Grade | Price Range (RMB/carat) | Key Characteristics | Market Performance |
| :------------------ | :---------------------- | :------------------------------------------------ | :------------------------------------------------ |
| Ordinary Icy | 5,000 - 20,000 | Average transparency, visible minor cotton or flaws, weak gelatinous feel | Stable prices, suitable for entry-level collection and daily wear |
| Medium Icy | 20,000 - 80,000 | Good transparency, gelatinous and shimmering, less cotton, fine texture | Strong demand, steady price increase, high cost-effectiveness |
| High Icy | 80,000 - 300,000 | Excellent transparency, strong gelatinous and shimmering, almost no cotton, strong fluorescence | High investment value, significant price increase, market hotspot |
| Premium High Icy | 300,000+ | Close to glassy grade, extremely strong fluorescence, perfectly flawless, rare | Top collector's item, no price ceiling, astonishing appreciation |

IV. Investment Recommendations

  • Focus on Rarity and Quality: When investing in icy jadeite, prioritize high-grade icy jadeite (High Icy and above) with excellent transparency, color, and craftsmanship, and no obvious flaws. Rarity is key to its long-term value.

  • Emphasize Certificates and Origin: Always request authoritative appraisal certificates (e.g., GTC, GIA) when purchasing to ensure authenticity and quality. Understanding the origin and circulation channels of jadeite also helps in assessing its value.

  • Long-Term Holding Strategy: As a non-renewable resource, the value of jadeite will gradually emerge over time. Investors are advised to adopt a long-term holding strategy and avoid short-term speculation.

  • Diversify Investment Risks: For investors with larger capital, consider diversifying investments into icy jadeite of different qualities and styles to reduce the risk of a single category.

  • Professional Consultation: For newcomers to the jadeite market, it is advisable to seek guidance and advice from professionals to avoid blind investment. Attending professional jadeite appreciation courses can also help improve identification skills.


Summary: The icy jadeite market performed strongly in Q2 2024, with high-end products showing significant gains. Driven by scarcity, consumption upgrades, and cultural value, the icy jadeite market is expected to remain active in the future, and high-quality products will continue to hold high investment and collection value.