Q2 2024 Turquoise (High-Porcelain Green) Market Analysis Report

Abstract: In Q2 2024, the market for high-porcelain green turquoise generally showed a steady upward trend. Driven by the scarcity of high-quality raw ore and sustained market demand, prices for premium high-porcelain green turquoise remained strong, with some exquisite pieces seeing significant appreciation. The mid-to-low-end high-porcelain green market was active, but price fluctuations were relatively small. Investors should pay attention to raw material origin policies, market circulation, and changes in consumer preferences.

I. Price Data Analysis

This quarter's market price range, average price, percentage change, and trading volume for high-porcelain green turquoise are as follows:

* Price Range:
* Top-grade High-Porcelain Green (unoptimized, high-blue/green, high-porcelain): 800 - 3000 CNY/gram (some exceptionally rare pieces can exceed 4000+ CNY/gram)
* Premium High-Porcelain Green (unoptimized, good porcelain-like texture, pure color): 300 - 800 CNY/gram
* Standard High-Porcelain Green (unoptimized, decent porcelain-like texture, slightly lighter color): 100 - 300 CNY/gram

* Average Price:
* The overall average price for high-porcelain green turquoise this quarter was approximately 450 CNY/gram.

* Price Change (Quarter-on-Quarter):
* Top-grade High-Porcelain Green: Increased by 5% - 10% compared to the previous quarter.
* Premium High-Porcelain Green: Increased by 3% - 7% compared to the previous quarter.
* Standard High-Porcelain Green: Increased by 1% - 3% compared to the previous quarter.

* Trading Volume:
* The estimated total trading volume for high-porcelain green turquoise this quarter was 2500 - 3500 kilograms (primarily referring to rough and raw materials, finished products are calculated by gram). Online trading platforms and offline specialized markets each accounted for approximately 50%.

II. Market Trend Analysis and Forecast

  • Scarcity Drives Price Increase: High-quality raw turquoise resources are increasingly depleted, especially top-grade material with high porcelain-like texture and rich blue color. The difficulty and cost of mining continue to rise. This scarcity is the core factor supporting the continuous price increase of high-quality high-porcelain green turquoise. It is expected that the price of top-grade high-porcelain green will continue to rise in the coming years.

  • Increased Consumer Awareness: With the popularization of turquoise culture and knowledge, consumers' awareness of high-porcelain green is continuously improving, and they are more inclined towards its natural, unoptimized, high-porcelain, and rich characteristics. Market demand for high-quality products remains strong.

  • Impact of Origin Policies: Mining policies in major producing areas (such as Shiyan, Hubei) are becoming increasingly stringent, and environmental protection requirements are rising, leading to unstable raw material supply. This further exacerbates the imbalance between market supply and demand. Future policy changes will be a significant factor influencing the market.

  • Advancements in Optimization Techniques and Identification Challenges: The market is flooded with optimized turquoise, making identification increasingly difficult. Consumer demand for natural, unoptimized products will be stronger, prompting professional appraisal agencies and consumers to prioritize identification knowledge.

  • Forecast: The high-porcelain green turquoise market is expected to maintain steady growth in the next six months. Top-grade and premium high-porcelain green will remain investment hotspots, with price increases potentially slowing slightly but still trending upwards. The price of standard high-porcelain green will remain stable, and trading volume may increase.


III. Price Comparison of Different Quality Grades

| Quality Grade | Porcelain-like Texture Performance | Color Performance | Common Origin | Price Range (CNY/gram) | Key Characteristics |
| :----------------------- | :--------------------------------- | :--------------------------- | :------------------- | :----------------------------- | :--------------------------------------------------------------------------------------------------------------- |
| Top-grade High-Porcelain Green | Extremely high, like warm porcelain | Pure high-blue or high-green, no杂色 | Yunxi, Zhushan, Hubei | 800 - 3000+ | Fine texture, oily luster, beautiful or no matrix lines, collector's grade |
| Premium High-Porcelain Green | High, with a porcelain-like feel | Pure blue-green, slight杂色 | Hubei, USA | 300 - 800 | Good porcelain-like texture, pure color, certain collection and wearing value |
| Standard High-Porcelain Green | Decent, with some porcelain-like feel | Blue-green, slightly lighter or with杂色 | Hubei, Iran | 100 - 300 | Relatively average porcelain-like texture, acceptable color, suitable for daily wear and entry-level collection |

IV. Investment Advice

  • Prioritize Top-grade and Premium High-Porcelain Green: For investors, given the scarcity and potential for value preservation and appreciation of high-quality turquoise, it is recommended to prioritize unoptimized, high-porcelain, and pure-colored top-grade or premium high-porcelain green products. These products offer greater resistance to price drops and appreciation potential in the market.

  • Focus on Raw Stones, Not Finished Products: When conditions permit, purchasing high-quality raw stones or rough material allows for greater processing and design flexibility, and it is also easier to avoid potential optimization risks in the finished product market.

  • Emphasize Origin and Identification: Understand the characteristics of turquoise from different origins, and learn professional identification knowledge, or seek assistance from authoritative appraisal institutions to ensure the purchase of natural, unoptimized genuine products.

  • Long-Term Holding Strategy: The value growth of turquoise often manifests in long-term holding. Investors are advised to adopt a long-term holding strategy and avoid short-term speculation.

  • Diversify Investments: Given market volatility, investors are advised not to concentrate all funds into a single category of turquoise. It is appropriate to diversify investments across different qualities or types of jade.


Disclaimer: This report is based on publicly available market information and analyst judgments, for reference only, and does not constitute any investment advice. Investors should make independent decisions based on their own risk tolerance and market conditions.