Q2 2024 Gansu NanHong Agate Market Analysis Report

I. Market Overview and Price Data

In the second quarter of 2024, the Gansu NanHong agate market generally showed a steady upward trend, especially in high-quality rough stones and exquisite carvings, where market activity significantly increased. Benefiting from the overall recovery of the antique and cultural play market and the continuous popularization of NanHong's collection value, Gansu NanHong, as a representative of high-quality producing areas, has shown remarkable market performance.

Rough Stone Prices:
* Ordinary Material (lighter color, more cracks): 150-400 RMB/gram. Prices remained largely stable compared to the previous quarter, with little fluctuation, mainly due to limited market demand for low-end materials.
* Medium-Grade Material (uniform color, few cracks or impurities): 600-1500 RMB/gram. The price range increased by approximately 5%-10% compared to the previous quarter, with stable market demand and higher transaction volumes.
* Premium Material (persimmon red, cherry red, full texture, few cracks or impurities): 2500-6000 RMB/gram. The price range increased by approximately 10%-15%, with some exceptional pieces even exceeding 8000 RMB/gram, showing a strong upward momentum. Such high-quality rough stones are in short supply and are the focus of market pursuit.

Finished Product Prices:
* Ordinary Bead Strands/Carvings: 300-800 RMB/gram. Prices remained relatively stable, mainly targeting entry-level consumers.
* Mid-to-High-End Bead Strands/Carvings (exquisitely designed, well-crafted): 1000-3000 RMB/gram. Prices increased by approximately 8%-12%, especially for works by renowned carvers or those with unique themes, showing significant premiums.
* Collector-Grade Carvings/Bracelets (masterpieces, rare themes, perfect condition): 5000-15000 RMB/gram, or even higher. The price increase for such works reached 15%-25%, with some unique or award-winning pieces being priceless, becoming targets for high-end collectors.

Trading Volume:
Total trading volume in the Gansu NanHong market increased by approximately 18% quarter-on-quarter, with online trading platforms and live-streaming sales contributing the main growth. Offline physical stores and exhibition trading volumes also maintained steady growth, especially for premium materials and collector-grade works, where offline transactions remain mainstream.

II. Market Trend Analysis and Forecast

  • Scarcity of High-Quality Resources Highlighted: As high-quality mining sites become increasingly depleted, the scarcity of high-quality rough stones from Gansu NanHong will further intensify. In the future, the price of premium materials still has huge room for growth.

  • Continuous Increase in Collection Value: As a non-renewable resource, NanHong's cultural and investment attributes are increasingly recognized. In the future, the collection value of Gansu NanHong will continue to rise, becoming an important part of the cultural play collection field.

  • Empowerment of Craftsmanship and Design: Market demand for the aesthetic quality of NanHong works is constantly increasing. Exquisite carving craftsmanship and unique artistic design will become key to enhancing the value of works. Works by renowned artists and original designs will be more favored by the market.

  • Integration of Online and Offline Development: Online live streaming, short videos, and other new media channels will continue to expand NanHong's market influence, attracting more young consumer groups. At the same time, offline physical stores and professional exhibitions will remain important platforms for high-end transactions and cultural exchange.

  • Origin Traceability and Quality Certification: Consumers are increasingly concerned about the origin, quality, and authenticity of NanHong. In the future, Gansu NanHong products with authoritative certifications and complete traceability systems will be more competitive in the market.


III. Price Comparison of Different Quality Grades

| Quality Grade | Rough Stone Price (RMB/gram) | Finished Product Price (RMB/gram) | Characteristics |
| :------------ | :--------------------------- | :------------------------------- | :-------------- |
| Ordinary | 150-400 | 300-800 | Lighter color, more cracks and impurities, general texture |
| Medium | 600-1500 | 1000-3000 | Uniform color, few cracks or impurities, good texture, certain oiliness |
| Premium | 2500-6000 | 5000-15000+ | Persimmon red, cherry red, rich color, full texture, few cracks or impurities, high oiliness |

IV. Investment Recommendations

  • Prioritize High-Quality Premium Materials: Investors should focus on high-quality rough stones and finished products of Gansu NanHong, such as persimmon red and cherry red. Such products not only have higher ornamental value, but their scarcity also dictates greater appreciation potential. Avoid blindly hoarding low-end materials to prevent capital tie-up and depreciation risks.

  • Pay Attention to Works by Renowned Artists and Unique Themes: For finished products, it is advisable to focus on works by well-known carvers or carvings with unique cultural connotations and rare themes. Artistic value and cultural added value will significantly enhance their collection and investment value.

  • Emphasize Appearance and Integrity: Whether rough or finished, the integrity of the appearance, the presence or absence of obvious cracks, impurities, and polishing craftsmanship are all important factors affecting value. Choose products with no or very few flaws.

  • Rational Investment, Risk Aversion: Although the NanHong market has broad prospects, there are also price fluctuations and authentication risks. Investors are advised to learn professional knowledge, choose reputable merchants, and seek professional appraisal services when necessary. Do not blindly follow trends and invest within your means.

  • Long-Term Holding, Patient Waiting: The investment returns of NanHong are often reflected in long-term holding. Short-term speculation carries higher risks, so investors are advised to adopt a long-term perspective, patiently waiting for its value to gradually emerge.


Summary: The Gansu NanHong market showed strong performance in the second quarter of 2024, with high-quality products particularly sought after. Looking ahead, its scarcity, cultural value, and artistic added value will continue to drive market development. Investors should grasp market trends, select high-quality targets, and aim for steady investment returns.