Q2 2024 Hetian Jade Biyu Market Analysis Report

Q2 2024 Hetian Jade Biyu Market Analysis Report

I. Market Overview

In the second quarter of 2024, the Hetian Jade Biyu (nephrite jade, specifically green jade) market showed an overall stable yet upward trend. Influenced by macroeconomic conditions, consumer preferences, and raw material supply, Biyu prices exhibited differentiated movements across various quality grades. High-end, exquisite Biyu continued to be sought after by collectors, maintaining strong prices; while the mid-to-low-end Biyu market faced intense competition, with relatively larger price fluctuations.

II. Price Data Analysis

The price data for Hetian Jade Biyu in this quarter is as follows:

* Grade 1 (Spinach Green, Old Mine Material, Fine Texture, No or Minimal Structure, Excellent Oiliness/Luster):
* Price Range: 15,000 - 50,000 CNY/gram (Carvings or bangles are priced per piece, with per-gram prices potentially exceeding 80,000 CNY/gram)
* Average Price: 28,000 CNY/gram
* Price Change: Approximately 3.5% - 5.0% increase quarter-on-quarter
* Trading Volume: Approximately 8% increase quarter-on-quarter

* Grade 2 (Rich Color, Relatively Fine Texture, Slight Structure, Good Oiliness/Luster, Minor Black Spots or Fissures):
* Price Range: 3,000 - 12,000 CNY/gram
* Average Price: 6,500 CNY/gram
* Price Change: Approximately 1.5% - 2.5% increase quarter-on-quarter
* Trading Volume: Approximately 5% increase quarter-on-quarter

* Grade 3 (Lighter or Grayish Color, Average Texture, Obvious Structure, More Black Spots or Fissures):
* Price Range: 500 - 2,500 CNY/gram
* Average Price: 1,200 CNY/gram
* Price Change: Flat or slight decrease of 0.5% - 1.0% quarter-on-quarter
* Trading Volume: Approximately 3% decrease quarter-on-quarter

III. Market Trend Analysis and Forecast

• Continued Scarcity of High-End Exquisites, Steady Price Increase: The depletion of high-quality Biyu raw material resources further highlights the scarcity of Grade 1 Biyu. Demand from collectors and investors for high-quality Biyu remains strong, and prices for high-end Biyu are expected to maintain a steady upward trend in the future.


• Diversification of Consumer Aesthetic Preferences: In addition to the traditional spinach green, unique Biyu varieties such as 'duck egg green' and 'apple green' are gradually gaining market attention, and their price trends may show localized highlights.


• Stricter Market Regulation, Reduction in Counterfeit Products: With enhanced industry self-regulation and government oversight, the number of counterfeit and inferior products in the market has decreased, which helps boost consumer confidence and promote healthy market development.


• Growing Influence of Online Trading Platforms: Post-pandemic, online live streaming and e-commerce platforms have played an increasingly prominent role in jade trading. In the future, online trading will become an important sales channel, and its transparency and convenience will attract more young consumers.


• Persistent Tightness in Raw Material Supply: Affected by origin policies and mining difficulties, the tight supply of Hetian Jade Biyu raw materials is unlikely to ease in the short term, which will provide long-term support for future Biyu prices.

• Prioritize High-Quality Biyu: For investors, focus should be on Grade 1 Biyu, especially those with characteristics such as 'spinach green, old mine material, fine texture, and excellent oiliness/luster.' Such Biyu not only possesses high aesthetic value but also good potential for preservation and appreciation.


• Pay Attention to Unique Biyu Varieties: Biyu varieties with unique beauty, such as 'duck egg green' and 'apple green,' are gradually emerging in the market. Investors can moderately pay attention to and research their market potential, but careful identification is necessary to avoid blindly following trends.


• Emphasize Jade Carving Craftsmanship and Cultural Connotation: Besides the quality of the jade itself, exquisite carving craftsmanship and profound cultural connotations can significantly enhance the value of Biyu works. Choosing pieces carved by renowned masters or those with specific cultural meanings will yield higher collection value.


• Diversify Investments to Mitigate Risks: It is advisable for investors not to concentrate all funds on a single category of Biyu. Appropriately diversifying investments across different qualities and types of Biyu can reduce risks associated with market fluctuations.


• Seek Professional Appraisal and Evaluation: Before purchasing, it is crucial to seek appraisal and evaluation from professional institutions or experienced experts to ensure the authenticity and quality of the purchased Biyu and avoid deception.


• Long-Term Holding, Rational Investment: Jade investment is a long-term investment, and short-term price fluctuations are influenced by various factors. Investors are advised to remain rational, adopt a long-term holding mindset for investment, and await the gradual realization of value.