Q2 2024 Liangshan Nanhong Market Analysis Report

Abstract: In Q2 2024, the Liangshan Nanhong market generally showed a steady upward trend. Prices for high-quality rough stones and exquisite carvings remained strong, while ordinary materials experienced greater price fluctuations. Market transaction volume slightly increased, and investor confidence somewhat recovered. It is expected that the Liangshan Nanhong market will continue to differentiate in the future, with the value of high-quality pieces becoming more prominent.

I. Market Price Data Analysis

This quarter, Liangshan Nanhong market prices showed a clear two-tier differentiation. Prices for high-quality full-flesh persimmon red and cherry red rough stones and finished products continued to rise, while prices for ordinary and watery materials were relatively weak, with some even experiencing slight declines.

* Rough Stone Price Range:
* High Quality (full-flesh, persimmon red/cherry red, minimal cracks/cotton): 800 - 3500 RMB/gram (up 5% - 10% year-on-year)
* Medium Quality (plump flesh, pure color, minor cracks/cotton): 200 - 700 RMB/gram (up 2% - 5% year-on-year)
* Ordinary Quality (watery, many cracks/cotton, uneven color): 50 - 180 RMB/gram (down 0% - 3% year-on-year)

* Finished Product (Carvings/Beads) Price Range:
* High Quality (master carving, full-flesh persimmon red/cherry red, minimal cracks/cotton): 2000 - 8000+ RMB/gram (up 8% - 15% year-on-year)
* Medium Quality (excellent craftsmanship, plump flesh, pure color): 500 - 1800 RMB/gram (up 3% - 7% year-on-year)
* Ordinary Quality (mass-produced, watery, many cracks/cotton): 100 - 450 RMB/gram (down 1% - 4% year-on-year)

* Price Fluctuation:
* High-quality Liangshan Nanhong: Overall price increase of 5% - 15%
* Medium-quality Liangshan Nanhong: Overall price increase of 2% - 7%
* Ordinary-quality Liangshan Nanhong: Overall price decrease of 0% - 4%

* Trading Volume:
* Total trading volume in the Liangshan Nanhong market increased by approximately 8% quarter-on-quarter, mainly concentrated in high-quality rough stones and exquisite carvings. Trading volume for ordinary materials slightly decreased.

II. Market Trend Analysis and Forecast

  • Quality Remains King: As consumer awareness of Nanhong increases, so does the demand for higher quality. Exquisite Nanhong with full flesh, minimal cracks, pure color, and good oiliness will continue to be sought after, and its scarcity will drive its value upward.

  • Collectible Value Highlighted: Nanhong works carved by renowned artists, as well as exquisite pieces with unique themes and superb craftsmanship, will be further recognized by the market for their artistic and collectible value, with prices expected to continue rising.

  • Pressure on Ordinary Materials Market: With the increasing exploitation of Liangshan Nanhong and market saturation, ordinary quality Nanhong will face greater price competition, and its investment value will be relatively low.

  • Growing Influence of Live E-commerce: Live streaming and short videos continue to expand their influence on the Nanhong market, providing consumers with more convenient purchasing channels, but also posing higher demands for product authenticity and after-sales service.

  • Future Forecast: The Liangshan Nanhong market is expected to continue its differentiation trend. Prices for high-quality, scarce Nanhong still have room for growth, but the increase may stabilize; competition in the mid-to-low-end Nanhong market will become more intense, with greater price volatility. Investors should pay more attention to quality and scarcity.


III. Price Comparison of Different Quality Grades

| Quality Grade | Rough Stone Price (RMB/gram) | Finished Product Price (RMB/gram) | Characteristics |
| :------------ | :----------------------------- | :--------------------------------- | :-------------- |
| Collector's Grade | 1500 - 3500+ | 4000 - 8000+ | Full-flesh persimmon red/cherry red, no cracks/cotton, excellent oiliness, uniform color, often master carved. |
| Premium Grade | 500 - 1400 | 1000 - 3500 | Plump flesh, pure color, minor cracks/cotton, good oiliness, exquisite craftsmanship. |
| Medium Grade | 150 - 450 | 300 - 900 | Decent flesh, varying color depth, some cracks and cotton spots, average craftsmanship. |
| Common Grade | 50 - 120 | 100 - 280 | Watery, many cracks/cotton, uneven color, poor oiliness, simple craftsmanship. |

IV. Investment Advice

  • Focus on High Quality and Scarcity: For investors, attention should be directed towards high-quality Liangshan Nanhong with full flesh, pure color, and minimal cracks/cotton, especially exquisite pieces with unique themes or master carvings. These products have stronger resistance to depreciation and greater appreciation potential.

  • Beware of Ordinary Material Risks: Avoid blind investment in ordinary quality Liangshan Nanhong, as its market price fluctuates greatly, appreciation potential is limited, and it may even face depreciation risks.

  • Emphasize Origin and Merchant Reputation: When purchasing, always confirm the true origin of Liangshan Nanhong and choose merchants with good reputation and credibility. Request appraisal certificates to ensure the quality and value of your purchase.

  • Learn Identification Knowledge: Investors should strengthen their knowledge of Nanhong agate identification, understand the characteristics of different quality grades, and avoid purchasing counterfeit products or those of inferior quality.

  • Long-Term Holding Strategy: As a non-renewable resource, the value realization of Nanhong agate often requires a longer cycle. Investors are advised to adopt a long-term holding strategy rather than short-term speculation.


Disclaimer: This report is based on current market data and trend analysis, for reference only, and does not constitute any investment advice. Investment involves risks, so proceed with caution.