Q2 2024 Hetian Jade Biyu Market Analysis Report

I. Market Overview

In the second quarter of 2024, the Hetian Jade Biyu (spinach green jade) market generally showed a steady upward trend. Influenced by macro-economic conditions, consumer aesthetic preferences, and origin policies, the Biyu market demonstrated certain resilience. High-end, exquisite Biyu products remained a market favorite, while mid-to-low-end Biyu faced some inventory pressure and price competition. Investment and collection demand continued to be strong, especially in the areas of high-quality raw stones and works by renowned carvers.

II. Price Data Analysis

The price ranges for various Hetian Jade Biyu products in this quarter are as follows:

* Xinjiang Hetian Biyu (Mountain Material/Seed Material):
* Grade A (Spinach green, old mine material, fine and oily texture, no obvious flaws): 25,000 - 80,000 RMB/kg, with some exceptional pieces exceeding 100,000 RMB/kg.
* Grade B (Even color, good texture, slight structure or a few black spots): 8,000 - 25,000 RMB/kg.
* Grade C (Lighter or darker color, strong structural feel, more flaws): 2,000 - 8,000 RMB/kg.

* Russian Biyu (Spinach green, fine texture, good oiliness):
* Grade A: 15,000 - 45,000 RMB/kg, with premium pieces reaching 60,000 RMB/kg.
* Grade B: 5,000 - 15,000 RMB/kg.
* Grade C: 1,000 - 5,000 RMB/kg.

* Canadian Biyu (Bright color, relatively coarse texture, more fissures):
* Grade A: 1,000 - 5,000 RMB/kg.
* Grade B: 300 - 1,000 RMB/kg.

Price Fluctuations:

* Xinjiang Hetian Biyu Grade A: Up approximately 3-5% quarter-on-quarter, up about 8-12% year-on-year.
* Xinjiang Hetian Biyu Grade B: Flat or slightly up 1-2% quarter-on-quarter, up about 5-8% year-on-year.
* Russian Biyu Grade A: Up approximately 2-4% quarter-on-quarter, up about 6-10% year-on-year.
* Canadian Biyu: Prices remained relatively stable, largely flat quarter-on-quarter.

Transaction Volume Analysis:

The total transaction volume (by weight) of Hetian Jade Biyu in this quarter increased by approximately 2% quarter-on-quarter and 7% year-on-year. Online trading platforms (such as live streaming sales, e-commerce platforms) saw an increase in transaction volume, accounting for about 35% of the total. Transaction volumes in offline physical stores and exhibitions remained stable. High-end, exquisite Biyu had a relatively lower transaction frequency but larger single transaction amounts; mid-to-low-end Biyu had a higher transaction frequency, mainly for small ornaments and hand-held pieces.

III. Market Trend Analysis and Forecast

  • Origin Traceability and Quality Certification Increasingly Important: As consumers become more knowledgeable about jade, their demands for origin, jade quality, and certificates are increasing. Biyu products with authoritative certification will be more favored.

  • Growing Demand for High-End and Personalized Products: The market's pursuit of rare and high-quality Biyu such as 'spinach green' and 'old mine material' will continue. Products with exquisite carving by renowned artists and unique designs will command higher added value.

  • Integrated Online and Offline Development: New media channels like live streaming and short videos will continue to expand the audience for Biyu, but the experiential and trust-building aspects of offline physical stores remain irreplaceable. The two will be deeply integrated.

  • Investment and Collection Attributes Highlighted: Against the backdrop of inflation expectations and diversified asset allocation, the investment and collection value of high-quality Hetian Jade Biyu will be further recognized, especially for rare seed material and works by famous artists.

  • Stable Market Share for Russian Biyu: Russian Biyu, due to its high cost-effectiveness and quality close to Xinjiang Biyu, will continue to hold a significant market share, especially in the mid-to-high-end consumer market.


IV. Price Comparison of Different Quality Grades

| Quality Grade | Xinjiang Hetian Biyu (RMB/kg) | Russian Biyu (RMB/kg) | Canadian Biyu (RMB/kg) |
| :------------ | :---------------------------- | :-------------------- | :--------------------- |
| Grade A | 25,000 - 80,000+ | 15,000 - 45,000+ | 1,000 - 5,000 |
| Grade B | 8,000 - 25,000 | 5,000 - 15,000 | 300 - 1,000 |
| Grade C | 2,000 - 8,000 | 1,000 - 5,000 | 100 - 300 |

V. Investment Recommendations

  • Prioritize Xinjiang Hetian Biyu Seed Material or Old Mine Mountain Material: Seed material and old mine mountain material with rarity, superior jade quality, high oiliness, and pure color are the first choice for long-term investment, offering the greatest potential for value preservation and appreciation.

  • Focus on Renowned Carvings and Unique Designs: Artistic value and cultural connotations can significantly enhance the added value of Biyu. Choosing works with exquisite craftsmanship and beautiful symbolism holds greater collection value.

  • Beware of 'Inferior Quality Passing as Superior' and 'Fake Origins': The market contains many instances of Russian material, Qinghai material, or even other stones being passed off as Xinjiang material. When purchasing, be sure to choose reputable merchants and request authoritative appraisal certificates.

  • View Market Fluctuations Rationally: Jade investment typically has a longer cycle, and short-term price fluctuations are normal. It should be viewed with a long-term perspective, avoiding blind speculation.

  • Entry-Level Investors Can Start with Russian Biyu: Russian Biyu strikes a good balance between quality and price, making it suitable for entry-level collectors with limited budgets but a desire for high quality.


Conclusion: The Hetian Jade Biyu market performed steadily in Q2 2024, with high-end exquisite products remaining popular and strong investment and collection demand. In the future, the market will focus more on quality, origin, and artistic value, with online and offline integration becoming mainstream. Investors should remain cautious, emphasize discernment, and plan for the long term.