Hello, fellow jade enthusiasts! I'm your old friend Xiao Wang, a seasoned player in the jade industry for over ten years. Today, I want to talk about a topic that everyone is very concerned about—the market trend of BiYu (nephrite jade). Especially in 2024, is the BiYu market experiencing a surge or undercurrents? Based on my years of experience and recent market observations, I've put together an in-depth analysis for you, hoping it helps!

✨ Why is BiYu so favored?

First, we need to understand why BiYu is so popular. BiYu, especially Xinjiang Manasi BiYu and Russian BiYu, has always been deeply loved by Chinese people for its warm texture, rich green color, and unique spinach green, apple green, and other hues. It is not only an ornament but also an artwork carrying oriental aesthetics and cultural heritage. In recent years, with the return to traditional culture and the improvement of aesthetic standards, the attention on BiYu has been rising.

📈 Overview of the 2024 BiYu Market: Steady Growth, High-Quality Pieces Hard to Find!

From my recent observations in major jade markets (such as Suzhou Guangfu, Henan Zhenping, Guangdong Jieyang, etc.), the overall BiYu market in 2024 shows a trend of 'steady growth,' but with very obvious structural differentiation.

  • High-quality BiYu: Strong prices, highlighting scarcity. Especially those Russian BiYu and old-mine Xinjiang BiYu that reach 'Imperial Green' level, with fine texture, excellent oiliness, and no black spots or impurities, their prices remain high, even showing a slight increase. For example, last year I saw a spinach green bangle of excellent quality in Suzhou, priced around 200,000 RMB. This year, similar pieces are already 250,000 RMB or even higher. There is strong market demand for this level of BiYu, but high-quality raw stones are becoming scarcer, leading to rising prices for fine pieces.


  • Medium-quality BiYu: Active market, cost-effectiveness is key. This part of BiYu, such as those with decent color and texture but possibly with slight black spots or slightly coarser structure, has the largest transaction volume. Prices are relatively stable, but consumers pay more attention to cost-effectiveness when choosing. If you can find some 'bargains,' you've really hit the jackpot! A friend of mine recently found a Russian BiYu pendant in a live stream. Although it had some small black spots, the color was very pure and the carving was exquisite. The price was nearly 30% cheaper than in physical stores, which is a great example.


  • Low-quality BiYu: Weak prices, difficult to sell. Those BiYu with grayish color, many black spots, poor translucency, and rough texture have very low market acceptance, and their prices have been falling. Such products generally have no collection value and are only suitable as ordinary ornaments.


🔍 Key Factors Affecting BiYu Market Trends:

* Resource scarcity: The difficulty and cost of mining high-quality BiYu raw stones are increasing, especially the export policies and mining volume of Russian BiYu, which have a huge impact on the market. Old-mine Xinjiang Manasi BiYu is even rarer.
* Market demand: With the development of the national economy and improved aesthetics, the demand for high-quality jade continues to grow.
* Craftsmanship value: Exquisite carving craftsmanship can greatly enhance the added value of BiYu. The craftsmanship value of a good carving sometimes even exceeds the value of the jade material itself.
* Investment and collection craze: More and more people view BiYu as an investment for preserving and increasing value, which also drives up the prices of fine BiYu.

💡 Xiao Wang's Practical Advice for Jade Enthusiasts:

  • Learning to identify is paramount! No matter how the market changes, developing a 'sharp eye' is the ultimate truth. Look more, touch more, compare more, and understand the characteristics of BiYu's origin, texture performance, color distribution, etc. You can read more of my notes or consult reliable old masters.

  • Act within your means and consume rationally. Don't blindly pursue 'Imperial Green'; what suits you best is the best. Choose BiYu that is suitable in both quality and price according to your budget and preferences.

  • Pay attention to the origin of raw stones and the reputation of merchants. Try to buy from reputable merchants and understand the origin of BiYu to avoid buying fake or inferior products. Russian BiYu and Xinjiang BiYu are mainstream, but also be wary of some 'Canadian BiYu' or 'Qinghai BiYu' being passed off as high-quality BiYu.

  • Collect for quality, not quantity. It's better to spend a lot of money on one fine piece than to buy a pile of ordinary ones. The appreciation potential and collection value of fine BiYu are far greater than those of ordinary BiYu.

  • Pay more attention to live streams and online channels. Many jade live streams now also have good sources of goods, and prices may be more advantageous, but be sure to choose live streams with good reputation and support re-inspection.


In summary, the 2024 BiYu market still presents opportunities for discerning and knowledgeable players. However, for novices, it requires careful learning to avoid pitfalls. I hope this note can bring you some help! If you have any questions, feel free to communicate with me in the comment section! 👇

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