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

I. Market Overview and Price Trends

In Q2 2024, the overall turquoise market showed a steady upward trend, with “High-Porcelain Green” turquoise, representing the high-end segment, performing particularly well. This quarter, the price of high-porcelain green turquoise remained strong and showed a slight upward trend. Influenced by factors such as the increasing scarcity of high-quality raw ore resources, continuous growth in collection and investment demand, and enhanced market recognition of high-quality turquoise, the market value of high-porcelain green has been further consolidated.

Price Range and Fluctuation:

* Raw Stone Price: High-quality high-porcelain green raw stones (over 10g, without obvious impurities or cracks) ranged from 200-800 CNY/gram, an average increase of 3%-5% compared to the previous quarter. For exceptionally fine pieces with pure color and top porcelain texture, prices could even exceed 1000 CNY/gram.
* Finished Products (Beads/Carvings):
* High-Porcelain Green Round Beads (8-12mm diameter): Ranged from 300-1500 CNY/gram, an average increase of 2%-4% compared to the previous quarter. Exquisite bead strings without iron lines, with uniform color and extremely high porcelain texture, could reach over 1800 CNY/gram.
* High-Porcelain Green Carvings (over 20g): Ranged from 400-2000 CNY/gram, an average increase of 3%-6% compared to the previous quarter. Works by renowned carvers or with rare themes commanded even higher prices due to their artistic added value.

Trading Volume:

The overall trading volume of high-porcelain green turquoise in this quarter increased slightly by approximately 5%-8% compared to the previous quarter. Online trading platforms and offline high-end jewelry exhibitions were the main transaction channels. Among these, exquisite raw stones of moderate weight (10-30g) and medium-sized bead strings (8-10mm) were market hot spots.

II. Price Comparison by Quality Grade

The quality grade of turquoise is a crucial factor determining its price, especially for high-porcelain green.

* Top-Grade High-Porcelain Green (no iron lines, high porcelain, pure sky blue/emerald green): Commands the highest market prices, typically over 800-2000 CNY/gram. Such turquoise is extremely rare and is the primary choice for collection and investment.
* First-Grade High-Porcelain Green (minimal iron lines, high porcelain, uniform color): Prices are secondary, typically 400-800 CNY/gram. Market circulation is relatively large, making it a popular choice for general collectors.
* Second-Grade High-Porcelain Green (some iron lines, acceptable porcelain texture, slight color variations): Prices are more affordable, typically 200-400 CNY/gram. Suitable for entry-level collectors or daily wear.

III. Market Trend Analysis and Forecast

* Aggravated Resource Scarcity: The difficulty and cost of mining high-quality high-porcelain green raw ore continue to increase, leading to a decreasing market supply. This scarcity is expected to further drive up the price of high-porcelain green in the coming years.
* Highlighting Collection and Investment Value: With economic development and increasing cultural confidence, turquoise, as a gemstone with profound cultural heritage, will continue to be recognized for its collection and investment value. High-porcelain green, due to its exceptional quality, will be a key focus for investors.
* Branding and Standardization: Market demand for turquoise quality identification and traceability is growing stronger. In the future, more credible brands and standardized systems may emerge, which will help improve market transparency and trading confidence for high-porcelain green.
* Growth in Personalized Customization Demand: With consumption upgrades, consumer demand for personalized and customized turquoise products will continue to grow, providing broader market space for the carving art and design innovation of high-porcelain green.

Forecast: It is predicted that from the second half of 2024 to 2025, the market price of high-porcelain green turquoise will continue to maintain an annual growth rate of 5%-10%, with potentially higher increases for top-grade items and works by renowned artists. The market will pay more attention to comprehensive factors such as origin, porcelain texture, color, iron line distribution, and carving craftsmanship of turquoise.

IV. Investment Recommendations

  • Prioritize Top Quality: For investment, prioritize top-grade high-porcelain green with no iron lines, high porcelain texture, pure color, and larger weight. Such turquoise has the strongest ability to preserve and increase value.

  • Focus on Origin and Craftsmanship: Turquoise from the Shiyan area of Hubei, especially from mines like Yacangshan and Yungaishi, is highly sought after for its excellent quality. Additionally, artistic pieces carved by renowned artists have higher added value.

  • Beware of Market Risks: The market has instances of misrepresentation, inferior quality, and enhanced treatments (e.g., resin impregnation, injection, dyeing). Investors must improve their discernment skills, choose reputable dealers, and request authoritative appraisal certificates.

  • Long-Term Holding Strategy: The appreciation of turquoise is a long-term process. Investors are advised to adopt a long-term holding strategy and avoid short-term speculative behavior.

  • Diversified Allocation: In an investment portfolio, high-porcelain green turquoise can be allocated as a rare art piece and gemstone for diversification to mitigate risks.


Summary: In Q2 2024, the high-porcelain green turquoise market performed strongly, with prices steadily rising and trading volume increasing. Driven by increasing resource scarcity and a surge in collection and investment, high-porcelain green has broad market prospects and is a worthwhile investment category. However, investors still need to exercise caution, make rational decisions, and carefully distinguish genuine products.