Q2 2024 Turquoise 'Wulan Hua' Market Analysis Report

Q2 2024 Turquoise 'Wulan Hua' Market Analysis Report

I. Market Overview and Price Trends

In the second quarter of 2024, the market for 'Wulan Hua' turquoise generally showed a stable yet upward trend. Despite global economic uncertainties, 'Wulan Hua', as a rare and uniquely beautiful collectible turquoise variety, continues to be favored by high-end collectors and investors due to its unique porcelain finish, degree of jade-like translucency, and distinctive patterns. Market activity in this quarter slightly increased compared to the previous quarter, with high-quality 'Wulan Hua' showing strong performance in both transaction volume and price, especially in online live streams and professional cultural artifact exhibitions.

Price Range and Fluctuation:

* Ordinary Quality (average porcelain finish, indistinct patterns): 200-500 CNY/gram. Prices remained largely stable this quarter with minimal fluctuations.
* Medium Quality (high porcelain finish, clear but discontinuous patterns): 800-2000 CNY/gram. Prices increased by approximately 3-5% quarter-on-quarter, mainly driven by market demand.
* High Quality (high porcelain finish, high blue color, clear continuous patterns, strong jade-like translucency): 3000-8000 CNY/gram. Some exceptional pieces even exceeded 10000 CNY/gram. Prices increased by approximately 5-8% quarter-on-quarter, with a significant scarcity premium.
* Top Quality (extremely high jade-like translucency, perfect patterns, no optimization flaws): 8000-20000+ CNY/gram. Prices increased by approximately 8-15% quarter-on-quarter, with a prominent 'price without market' phenomenon, mainly transacted through private negotiations or high-end auctions.

Trading Volume:

The overall trading volume of 'Wulan Hua' turquoise in this quarter increased by approximately 10-15% compared to the previous quarter. Among these, the increase in trading volume for medium to high-quality pieces was the most significant, indicating strong market demand for collectible turquoise. Online platforms (such as Douyin, Kuaishou live streams, and professional e-commerce platforms) contributed approximately 60% of the trading volume, while offline physical stores and exhibitions contributed about 40%.

II. Market Trend Analysis and Forecast

• Scarcity Drives Price Increases: The origin and output of 'Wulan Hua' turquoise are limited, and high-quality raw ore is increasingly depleted. As market awareness grows and the collector base expands, its scarcity will continue to support price increases, especially for high-quality and top-quality 'Wulan Hua'.


• Quality Differentiation Intensifies: The market's appreciation for turquoise is continuously improving, and quality requirements are becoming higher. In the future, 'Wulan Hua' with high porcelain finish, high blue color, strong jade-like translucency, unique patterns, and no optimization treatment will command a much larger price difference compared to ordinary quality turquoise, leading to a polarization trend.


• Online Transactions Remain Mainstream: With the popularization of live e-commerce and short video platforms, online transactions will continue to dominate. However, consumers demand higher trust in online transactions, making brand reputation and professional identification capabilities core competencies.


• Enhanced Investment Attributes: 'Wulan Hua' turquoise is no longer just an ornament; its investment and collection attributes are increasingly prominent. Some investors view it as an effective way to hedge against inflation and preserve or increase asset value.

| Quality Grade | Description | 2024 Q1 Price Range (CNY/gram) | 2024 Q2 Price Range (CNY/gram) | QoQ Change |
| :------------ | :---------- | :--------------------------- | :--------------------------- | :--------- |
| Ordinary | Average porcelain finish, indistinct patterns, lighter color | 200-500 | 200-500 | Stable |
| Medium | High porcelain finish, clear patterns, medium blue color | 750-1900 | 800-2000 | +3% - +5% |
| High | High porcelain finish, high blue color, continuous patterns, strong jade-like translucency | 2800-7500 | 3000-8000 | +5% - +8% |
| Top | Extremely high jade-like translucency, perfect patterns, no optimization | 7500-18000+ | 8000-20000+ | +8% - +15% |

IV. Investment Recommendations

• Focus on High Quality: For investors, the focus should be on high-quality and top-quality 'Wulan Hua' turquoise. These products not only possess higher collection value but also have greater resilience and appreciation potential due to their scarcity. Avoid purchasing optimized or ordinary quality turquoise, as their appreciation potential is limited.


• Emphasize Identification Skills: Before purchasing, it is crucial to learn professional turquoise identification knowledge, understanding key indicators such as porcelain finish, jade-like translucency, patterns, color, and whether there is any optimization treatment. It is recommended to choose reputable dealers or seek assistance from professional appraisal institutions.


• Pay Attention to Raw Ore: When conditions permit, collecting unprocessed raw 'Wulan Hua' ore has higher potential for value preservation and appreciation, as its naturalness and rarity are more recognized by the market.


• Long-Term Holding Strategy: The value growth of 'Wulan Hua' turquoise is a long-term process. Investors are advised to adopt a long-term holding strategy and avoid short-term speculative behavior. Over time, and as resources further deplete, its value is expected to continue to rise.


• Diversify Investments: It is recommended to include turquoise investment as part of an overall asset allocation, rather than concentrating all funds on a single category, to diversify risk.