Q2 2024 Turquoise 'High-Porcelain Blue' Market Analysis Report

Q2 2024 Turquoise 'High-Porcelain Blue' Market Analysis Report

I. Market Overview and Price Data

In Q2 2024, the 'High-Porcelain Blue' turquoise market generally showed a stable yet upward trend. Influenced by production restrictions, scarcity of high-quality raw stones, and sustained investment enthusiasm, the prices of high-grade 'High-Porcelain Blue' turquoise remained firm, with some premium pieces even experiencing slight increases. Market transaction volume saw a slight increase compared to the previous quarter, indicating continued demand for rare resources.

Price Range and Fluctuation:

* High Quality (unoptimized, high-porcelain high-blue, perfect condition, larger carat weight): 800 - 2500 CNY/gram, a quarter-on-quarter increase of 3% - 8%.
* Mid-High Quality (unoptimized, high-porcelain blue, good condition, moderate carat weight): 400 - 800 CNY/gram, a quarter-on-quarter increase of 1% - 5%.
* Medium Quality (unoptimized, good porcelain, pure blue but possibly with minor matrix or slight flaws): 200 - 400 CNY/gram, largely stable or a slight increase of 1% - 2% quarter-on-quarter.
* Optimized (stabilized, resin-impregnated, injected, etc.) or average condition: 50 - 200 CNY/gram, with minor price fluctuations and relatively lower market attention.

Trading Volume:

The overall trading volume of 'High-Porcelain Blue' turquoise in this quarter increased by approximately 10% - 15% quarter-on-quarter. Among these, high-quality and mid-high-quality transactions were the most active, accounting for over 60% of the total volume. Online trading platforms and specialized antique markets were the main distribution channels.

II. Market Trend Analysis and Forecast

• Scarcity Drives Price Increases: As a non-renewable resource, the mining volume of high-quality 'High-Porcelain Blue' raw turquoise continues to shrink, leading to increasingly tight market supply. This scarcity is the core factor supporting its price increase and is expected to remain the main driver in the future.


• Strong Collection and Investment Demand: With economic development and cultural confidence, the collection value and cultural attributes of turquoise are recognized by more people. 'High-Porcelain Blue', in particular, has become a focal point for collectors and investors due to its unique color and texture. Strong collection and investment demand are expected to continue in the coming years.


• Increased Quality Differentiation: Market awareness of turquoise is continuously improving, and consumers' demands for quality are also increasing. Unoptimized, high-porcelain high-blue premium turquoise will continue to be sought after, with prices expected to continue to rise; while general quality or optimized turquoise will have limited price appreciation potential and may even face some market pressure.


• Normalization of Online Transactions: With the popularity of live streaming e-commerce and short video platforms, online transactions have become an important part of the turquoise market. In the future, online transactions will become more standardized and professional, providing consumers with more choices.

| Quality Grade | Porcelain Level | Color | Matrix/Flaws | Carat Weight Range (per piece) | Market Price (CNY/gram) | Key Characteristics |
| :----------------- | :-------------- | :-------------- | :----------- | :----------------------------- | :---------------------- | :---------------------------------------------------------------------------------- |
| Top High-Porcelain Blue | Extremely High (gem-like) | Sky Blue/High Blue | None/Minimal | 5+ carats | 1500 - 2500+ | Glassy luster, pure and flawless, fine texture, extremely rare. |
| Premium High-Porcelain Blue | High (porcelain-like) | Azure/Sky Blue | Minimal/None | 2-5 carats | 800 - 1500 | Excellent porcelain, pure color, perfect condition, collectible value. |
| Good High-Porcelain Blue | Good (porcelain feel) | Pure Blue | Minor fine matrix | 1-3 carats | 400 - 800 | Good porcelain, vibrant blue, some collectible value. |
| Standard High-Porcelain Blue | Medium (slight porcelain feel) | Blue | Minor matrix/flaws | 0.5-2 carats | 200 - 400 | Decent porcelain, pure blue, suitable for daily wear. |
| Optimized/Treated | Variable | Variable | Variable | Variable | 50 - 200 | Treated with stabilization, resin impregnation, etc., luster and color stability inferior to natural. |

IV. Investment Advice

• Prioritize Unoptimized, High-Porcelain High-Blue Premium Pieces: The core of turquoise investment lies in its naturalness and scarcity. Unoptimized, perfectly conditioned, high-porcelain, and pure blue 'High-Porcelain Blue' turquoise has the greatest potential for value preservation and appreciation.


• Pay Attention to Carat Weight and Condition: Under the same quality, turquoise with larger carat weight and more perfect condition has higher value. Large-carat premium 'High-Porcelain Blue' turquoise is rarer in the market and has greater appreciation potential in the future.


• Learn Identification Knowledge, Beware of Optimization: There is a large amount of optimized turquoise in the market, whose value is far lower than natural turquoise. Investors should enhance their identification knowledge or seek professional appraisal to avoid overpaying for optimized products.


• Long-Term Holding, Rational Investment: The investment return cycle for turquoise is relatively long, and short-term speculation is not advisable. Investors are advised to aim for long-term holding and view market fluctuations rationally.


• Choose Reputable Merchants: When purchasing turquoise, choose merchants with good reputation and professional qualifications to ensure the authenticity and quality of the purchased goods.

In Q2 2024, the 'High-Porcelain Blue' turquoise market performed steadily, with prices of high-quality products continuing to rise and market activity increasing. Driven by scarcity, collection and investment demand, and quality differentiation, the value of 'High-Porcelain Blue' turquoise is expected to continue to be recognized in the future. For investors, focusing on premium pieces, long-term holding, and careful identification are key to achieving returns.