Q2 2024 Hetian Jade Biyu Market Analysis Report

Q2 2024 Hetian Jade Biyu Market Analysis Report

I. Market Overview and Price Data

In Q2 2024, the Hetian Jade Biyu (nephrite jade) market generally showed a stable yet upward trend, with high-quality Xinjiang and Russian Biyu performing particularly well. Market demand remained strong, and collectors and investors continued their enthusiastic pursuit of premium Biyu. Influenced by resource scarcity, craftsmanship value, and market confidence, Biyu prices remained firm.

Price Range and Fluctuation:

* Xinjiang Hetian Biyu (Spinach Green, Old Mine Material):
* High Quality (Spinach green, fine texture, no or minimal structure, excellent oil luster): CNY 15,000 - 40,000 per gram (finished products like bracelets, pendants), up 5% - 8% from last quarter. Prices for extremely rare collectible carvings or rough stones can exceed CNY 50,000 per gram.
* Medium Quality (Even color, minor structure, good oil luster): CNY 5,000 - 15,000 per gram, up 3% - 5% from last quarter.
* Ordinary Quality (Lighter color or color spots, obvious structure): CNY 1,000 - 5,000 per gram, relatively stable, slightly up 1% - 2%.

* Russian Biyu (Duck Egg Green, Apple Green):
* High Quality (Duck egg green, apple green, fine texture, good oil luster): CNY 8,000 - 25,000 per gram (finished products), up 4% - 7% from last quarter.
* Medium Quality (Even color, minor black spots or structure): CNY 2,000 - 8,000 per gram, up 2% - 4% from last quarter.
* Ordinary Quality (Uneven color, more black spots, obvious structure): CNY 500 - 2,000 per gram, largely unchanged.

* Canadian Biyu, Qinghai Biyu, etc.:
* High Quality: CNY 500 - 2,000 per gram, relatively stable.
* Ordinary Quality: CNY 100 - 500 per gram, little price fluctuation.

Trading Volume:

Overall Biyu trading volume increased by approximately 10% - 15% quarter-on-quarter. High-end Xinjiang Biyu and Russian Biyu showed the highest trading activity, accounting for over 70% of the total transaction value. Both online trading platforms and offline exhibitions saw significant increases in transaction volume.

II. Market Trend Analysis and Forecast

• Prominence of High-Quality Scarcity: As high-quality Hetian Jade Biyu resources become increasingly depleted, premium, flawless, and pure-colored Biyu will continue to be the market's focus. Its price appreciation potential remains significant.


• Trend Towards Origin Segmentation: Consumer awareness of Biyu origins is increasing. Preferences for specific origins and varieties like Xinjiang material, Russian material, and Duck Egg Green will become more pronounced, further widening price differences between different origins.


• Cultural Value and Artistic Added Value: Biyu works with exquisite craftsmanship, unique designs, or cultural connotations will increasingly highlight their artistic added value, becoming a crucial factor driving price increases.


• Enhanced Investment Attributes: In the current economic climate, Hetian Jade Biyu, as a tangible asset with both collection and investment attributes, is receiving more attention for its value preservation and appreciation functions. Investment demand is expected to continue growing.


• Stricter Market Regulation: As market standardization improves, efforts to combat counterfeit and shoddy products will intensify, which is conducive to purifying the market environment and boosting consumer confidence.

III. Price Comparison by Quality Grade

| Quality Grade | Xinjiang Hetian Biyu (Spinach Green) | Russian Biyu (Duck Egg Green/Apple Green) | Other Origin Biyu (Canada/Qinghai) |
| :------------ | :---------------------------------- | :-------------------------------------- | :--------------------------------- |
| Collector Grade | CNY 25,000 - 50,000+ / gram | CNY 15,000 - 30,000+ / gram | CNY 1,000 - 3,000 / gram |
| Premium Grade | CNY 10,000 - 25,000 / gram | CNY 5,000 - 15,000 / gram | CNY 300 - 1,000 / gram |
| Standard Grade | CNY 1,000 - 10,000 / gram | CNY 500 - 5,000 / gram | CNY 100 - 300 / gram |

Note: The above prices are estimates for finished products; rough stone prices need to be evaluated separately based on specific conditions.

IV. Investment Recommendations

• Focus on High-Quality Scarce Resources: Prioritize investments in spinach green old mine material from Xinjiang Hetian Biyu, as well as duck egg green and high-quality apple green from Russian Biyu. These varieties possess stronger scarcity and potential for value preservation and appreciation.


• Emphasize Jade Quality and Craftsmanship: When purchasing, always pay attention to the jade's fineness, oil luster, color uniformity, and absence of black spots, cracks, or other flaws. Simultaneously, exquisite carving craftsmanship can significantly enhance Biyu's artistic value and market competitiveness.


• Beware of “Certificate Traps” and “Origin Confusion”: When buying, request an appraisal certificate from an authoritative institution and carefully verify its contents. For origin, learn more about identification knowledge to avoid misrepresenting lower-priced material as high-priced.


• Long-Term Holding, Rational Investment: The investment return cycle for Hetian Jade Biyu is relatively long. Investors are advised to adopt a long-term holding mindset and avoid short-term speculative behavior. While market prices may fluctuate, the value of high-quality Biyu is expected to grow steadily in the long run.


• Choose Reputable Dealers: Always select dealers with a good reputation, professional knowledge, and after-sales service to protect your rights and interests.

Conclusion: The Hetian Jade Biyu market showed strong performance in Q2 2024, with the investment value of high-quality Biyu becoming increasingly prominent. Looking ahead, the Biyu market is expected to remain active, but investors need to remain cautious and analyze rationally to achieve ideal returns.