Q2 2024 Hetian Jasper Market Analysis Report

Q2 2024 Hetian Jasper Market Analysis Report

I. Market Overview

In the second quarter of 2024, the Hetian Jasper market generally showed a stable yet upward trend. Influenced by factors such as the resurgence of traditional culture, upgrading consumer aesthetics, and investment-hedging sentiment, high-quality Hetian Jasper continued to be sought after, maintaining strong prices. The mid-to-low-end jasper market remained stable, with slight fluctuations in transaction volume.

II. Price Data Analysis

The price data for the Hetian Jasper market in this quarter is as follows:

* Common Grade Material (Bangles, Handheld Pieces): Price range of 500 - 3,000 CNY/gram, with an average price of 1,500 CNY/gram. Compared to the previous quarter, prices remained largely flat, with an increase of approximately 0-2%. Transaction volume was stable, mainly focused on daily wear and entry-level collection.
* Medium Quality Material (Bangles, Plaques, Carvings): Price range of 3,000 - 15,000 CNY/gram, with an average price of 8,000 CNY/gram. Compared to the previous quarter, prices increased by approximately 3-5%. Transaction volume slightly increased, and market attention grew.
* High-Quality Spinach Green Material (Bangles, Plaques, Fine Carvings): Price range of 15,000 - 50,000 CNY/gram, or even higher, with an average price of 30,000 CNY/gram. Compared to the previous quarter, prices increased by approximately 5-8%. Transaction volume significantly increased, making it a market hotspot this quarter.
* Top-Tier Old Mine Material / Imperial Green Material (Collector-grade Fine Pieces): Prices above 50,000 CNY/gram, with no upper limit, extremely rare. A small number of exquisite pieces were traded this quarter, with prices reaching new highs, an increase of over 10%.

Transaction Volume Analysis:

The total transaction volume in the Hetian Jasper market this quarter was approximately 1500-2000 kilograms (calculated based on rough stones and finished products), with the transaction volume of medium to high-quality jasper increasing its proportion to about 40% of the total. Online trading platforms and offline professional exhibitions were the main transaction channels.

III. Market Trend Analysis and Forecast

• Scarcity of high-quality jasper is prominent, prices will continue to rise: The resources of high-quality Hetian Jasper are increasingly depleted, especially rare varieties like spinach green and old mine material. Their market value will continue to be driven up. In the coming years, prices for high-quality jasper are expected to maintain an annual growth rate of 5-10%.


• Increased consumer awareness of jade culture, refined aesthetics: With the rise of 'Guochao' (China chic) and growing cultural confidence, consumers have a deeper understanding of the cultural connotations and artistic value of jade. There is a higher demand for the color, texture, and craftsmanship of jasper, which will drive the market demand for exquisite jasper.


• Enhanced investment-hedging properties, prominent collection value: Against the backdrop of increased global economic uncertainty, Hetian Jasper, as a scarce physical asset, is increasingly demonstrating its investment-hedging properties. Jasper pieces with good jade quality and exquisite craftsmanship will be further recognized by the market for their collection value and appreciation potential.


• Integrated online and offline development, diversified trading channels: With the popularity of live streaming e-commerce, short videos, and other new media, online trading platforms are playing an increasingly important role in jasper sales. At the same time, offline professional exhibitions and physical stores remain important venues for consumers to experience and appreciate, and a trend of integrated online and offline development is expected in the future.

| Quality Grade | Color Characteristics | Texture Characteristics | Price Range (CNY/gram) | Typical Applications |
| :------------ | :-------------------------------- | :---------------------------------------- | :--------------------- | :------------------------- |
| Common | Light green, bluish-green, uneven | Slightly coarse structure, occasional black spots, cracks | 500 - 3,000 | Bangles, handheld pieces, small pendants |
| Medium | Apple green, spinach green, even | Fine structure, good oiliness, occasional minor black spots | 3,000 - 15,000 | Bangles, plaques, carvings |
| High | Rich spinach green, pure, even | Extremely fine structure, high oiliness, no black spots, cracks | 15,000 - 50,000 | Fine bangles, plaques, carvings, vessels |
| Top-Tier | Imperial green, old mine, deep pure | Dense structure, excellent oiliness, flawless | Above 50,000 | Collector-grade fine pieces, unique items |

V. Investment Recommendations

• Prioritize high-quality jasper: The market shows a clear polarization, with high-quality jasper having greater potential for value preservation and appreciation. Investors are advised to focus on spinach green and old mine material with fine texture, pure color, high oiliness, and no obvious flaws.


• Pay attention to works by renowned carvers: Carved pieces with artistic value have an added value far beyond the raw material itself. Choosing works by well-known or promising jade carvers can effectively enhance the collection value and future appreciation potential of the pieces.


• Emphasize origin and certificates: Prioritize jasper produced in the Hetian region of Xinjiang and ensure it comes with an appraisal certificate issued by an authoritative institution to guarantee its authenticity and quality.


• Long-term holding, rational investment: Jade investment is a long-term investment with relatively small short-term fluctuations. Investors are advised to adopt a long-term perspective, avoid speculative hype, and fully understand market conditions before purchasing, investing within their means.


• Beware of market risks: There are instances of misrepresentation, dyeing, and optimization in the market. Consumers and investors are advised to improve their identification skills or seek professional assistance.

The Hetian Jasper market performed steadily in the second quarter of 2024, with the investment value of high-quality jasper becoming increasingly prominent. In the future, as market awareness of jade culture deepens and scarce resources further diminish, Hetian Jasper, especially fine jasper, is expected to continue to maintain its unique market appeal and investment value.