【Beijing, May 18, 2026】The highly anticipated Poly 2026 Spring Auction concluded successfully yesterday, setting a new record for total sales, reaching RMB 2.85 billion with a remarkable sell-through rate of 88.5%. The Jewels and Jadeite section was particularly outstanding, with total sales exceeding RMB 820 million, an increase of 15% compared to the same period last year, becoming the biggest highlight of this spring auction. An Imperial Green Jadeite Bangle, estimated upon request, ultimately sold for an astonishing RMB 185 million, leading the entire auction and once again confirming the strong purchasing power in the high-end jadeite market.
This Jewels and Jadeite section featured a total of 260 lots, covering various rare gemstones, diamonds, and jadeite ornaments. According to Ms. Zhang Hua, head of Poly Auction's Jewelry Department, the strategy for this section was to meticulously select rare, exceptionally high-quality top lots to meet the growing market demand for high-value collectibles. Data shows that lots priced over RMB 5 million achieved a sell-through rate of over 95%, with many pieces selling for prices well above their estimates, demonstrating collectors' strong pursuit of exquisite jadeite.
Regarding the core lot, this highly anticipated Imperial Green Jadeite Bangle, boasting excellent clarity, texture, and color, with a delicate and warm jade quality and rich, pure color, was hailed by industry experts as one of the top jadeite pieces to appear on the auction market in the past decade. After multiple rounds of fierce bidding, it was finally acquired by an anonymous buyer via telephone bid, with a transaction price as high as RMB 185 million, an premium of approximately 23% over its internal upper estimate (around RMB 150 million). In addition, a 10.88-carat unheated pigeon blood ruby ring sold for RMB 68 million, and a natural Colombian emerald and diamond necklace was acquired for RMB 42 million, both setting new high price records for similar lots in recent years.
Mr. Li Ming, a market analyst, pointed out: “The success of this Poly Spring Auction, especially the stellar performance of high-end jadeite, once again confirms the attractiveness of top-tier art and rare jewelry as hard assets and stores of value amidst increasing global economic uncertainty. High-quality jadeite, in particular, due to its scarcity and non-renewable nature, makes it a category with immense investment potential. The sky-high price achieved by the Imperial Green Jadeite Bangle not only boosted market confidence but also provided a new reference for pricing in the future high-end jadeite market.”
From a regional perspective, the buyer composition of this auction was diverse. In addition to traditional collectors from mainland China, Hong Kong, Macau, and Taiwan, buyers from Southeast Asia, the Middle East, and even Europe and America actively participated in the bidding, indicating that the international influence of the Chinese art market is gradually expanding.
Mr. Wang Qiang, Executive Director of Poly Auction, stated in an interview: “We are very satisfied with the results of this spring auction. This not only reflects the market's recognition of the quality of our lots but also demonstrates collectors' confidence in the future economy and art market. In the future, we will continue to deeply cultivate the high-end market, sourcing more rare artworks globally, and providing collectors with higher quality services and richer choices.”
Looking ahead, the industry generally believes that driven by factors such as scarce supply, strong demand, and investment hedging, the market value of high-quality jadeite will continue to rise. Especially jadeite with historical provenance, exquisite craftsmanship, or rare colors will increasingly highlight its collection and investment value. However, the market for ordinary quality jadeite may face some adjustments, and collectors still need to be cautious when investing, focusing on quality and origin.