Q2 2024 Turquoise (Qingu Material) Market Analysis Report

Q2 2024 Turquoise (Qingu Material) Market Analysis Report

I. Market Overview

In Q2 2024, the turquoise Qingu material market generally showed a steady upward trend, especially for high-end exquisite materials, where market demand was strong and prices continued to rise. Mid-to-low-end materials performed steadily, with some lower-quality pieces experiencing slight corrections. Market activity increased compared to the previous quarter, and investors and collectors paid increasing attention to Qingu material, mainly due to its unique porcelain-like texture and color, as well as its increasingly scarce resource attributes.

II. Price Data Analysis

Based on monitoring data for this quarter, the market price range, fluctuations, and trading volume for turquoise Qingu material are as follows:

* High-Porcelain Blue (Top Grade):
* Price Range: 1500-3500 CNY/gram (rough stone), 8000-25000 CNY/gram (finished beads/carvings)
* Price Change: Up 8%-15% quarter-on-quarter
* Trading Volume: Up 12% year-on-year
* Characteristics: Pure color, extremely high porcelain-like texture, no or very few matrix lines, clean material.

* High-Porcelain Blue-Green (First Grade):
* Price Range: 800-1800 CNY/gram (rough stone), 3000-8000 CNY/gram (finished beads/carvings)
* Price Change: Up 5%-10% quarter-on-quarter
* Trading Volume: Up 10% year-on-year
* Characteristics: Good porcelain-like texture, bluish-green color, few subtle matrix lines.

* Medium-Porcelain Blue-Green (Second Grade):
* Price Range: 300-800 CNY/gram (rough stone), 800-3000 CNY/gram (finished beads/carvings)
* Price Change: Flat to slightly up 2% quarter-on-quarter
* Trading Volume: Up 5% year-on-year
* Characteristics: Medium porcelain-like texture, bluish-green color, some matrix lines.

* Common Material (Third Grade):
* Price Range: 100-300 CNY/gram (rough stone), 200-800 CNY/gram (finished beads/carvings)
* Price Change: Slightly down 0%-3% quarter-on-quarter
* Trading Volume: Flat year-on-year
* Characteristics: General porcelain-like texture, greenish color, more matrix lines.

III. Market Trend Analysis and Forecast

• High-End Exquisite Materials Continue to Strengthen: With the increasing depletion of resources and growing collecting enthusiasm, high-porcelain blue, matrix-free or low-matrix Qingu material will continue to be the focus of market pursuit. Its scarcity determines its strong prices and upward potential.


• Mid-Range Market Develops Steadily: High-porcelain blue-green and medium-porcelain blue-green Qingu materials, due to their higher cost-effectiveness, will remain the main force in market transactions. As consumer awareness of turquoise increases, demand for these products will maintain stable growth.


• Common Material Market Under Pressure: Market demand for general-quality common materials is gradually saturating, with limited room for price increases, and even potential for slight corrections. Consumers are more inclined to purchase products with collection value and aesthetic appeal.


• Stricter Origin Control: Mining in the Hubei Qingu mining area is subject to strict restrictions, leading to a continuous shortage of rough stone supply, which will be an important factor supporting future price increases.


• Increased Online Transaction Activity: With the popularization of live e-commerce and short video platforms, online transactions are playing an increasingly important role in the turquoise market, providing consumers with more convenient purchasing channels and promoting price transparency.

IV. Price Comparison of Different Quality Grades

| Quality Grade | Rough Stone Price Range (CNY/gram) | Finished Product Price Range (CNY/gram) | Key Characteristics |
| :------------------------ | :--------------------------------- | :--------------------------------------- | :---------------------------------------------------------------------------------- |
| High-Porcelain Blue (Top) | 1500-3500 | 8000-25000 | Pure sky blue, extremely high porcelain-like texture, no or very few matrix lines, strong jade-like feel |
| High-Porcelain Blue-Green (First) | 800-1800 | 3000-8000 | Bluish-green tone, high porcelain-like texture, few subtle matrix lines |
| Medium-Porcelain Blue-Green (Second) | 300-800 | 800-3000 | Bluish-green tone, medium porcelain-like texture, some matrix lines |
| Common Material (Third) | 100-300 | 200-800 | Greenish tone, general porcelain-like texture, more matrix lines |

V. Investment Recommendations

• Focus on High-End Exquisite Products: For investors and collectors with higher budgets, it is recommended to focus on high-porcelain blue, matrix-free or low-matrix Qingu material. These products not only have great potential for appreciation but also possess high artistic and collection value. Choosing larger, well-preserved carvings or bead strings will offer greater value growth potential.


• Pay Attention to Mid-Range Quality Materials: For investors with limited budgets but still seeking good investment returns, first-grade high-porcelain blue-green products are a good choice. These products combine aesthetic appeal and cost-effectiveness, with good market liquidity.


• Cautious Investment in Common Materials: The common material market has high volatility and relatively low investment returns. It is recommended that ordinary consumers focus on wearing and playing with these items, rather than treating them as a primary investment direction.


• Emphasize Origin and Authentication: When purchasing turquoise, always choose reputable merchants and request authentication certificates from authoritative institutions to prevent buying optimized or counterfeit products. Origin certificates and traceability information for Qingu material are also increasingly important.


• Long-Term Holding Strategy: As a non-renewable resource, the value of turquoise will gradually become apparent over time. Investors are advised to adopt a long-term holding strategy and avoid short-term speculation.

Summary: The Q2 2024 turquoise Qingu material market performed strongly, with high-end products leading the gains. Driven by resource scarcity and market demand, the Qingu material market is expected to maintain an upward trend in the future, but investors need to choose carefully and pay attention to quality and authenticity identification.