Q2 2024 Turquoise (High-Porcelain Green) Market Analysis Report

I. Market Overview and Price Trends

In Q2 2024, the overall turquoise market showed a stable yet upward trend, with 'High-Porcelain Green' turquoise, as a high-end category, performing particularly well. The price of high-porcelain green turquoise continued to be strong this quarter, with a slight increase. Market demand remained robust, especially for collector-grade and premium products, with buyers showing sustained enthusiasm.

Price Range:
* Standard High-Porcelain Green (no or minimal matrix lines): 500-1500 CNY/gram
* Premium High-Porcelain Green (high translucency, pure color, no matrix lines): 1500-3000 CNY/gram
* Top-tier High-Porcelain Green (gem-grade, pure color, extremely high translucency, no matrix lines, or with exceptional 'Wulan Hua' matrix): 3000-8000 CNY/gram, or even higher

Price Change:
Compared to the previous quarter, the average price of high-porcelain green turquoise increased by approximately 3-8%. The increase was more significant for premium and top-tier high-porcelain green, with some rare pieces seeing increases of over 10%.

Trading Volume:
The trading volume of high-porcelain green turquoise remained high this quarter, with a quarter-on-quarter increase of about 5-10%. Both online trading platforms and offline professional exhibitions were active, with high-quality rough and finished products from well-known producing areas (such as Shiyan, Hubei) selling particularly quickly.

II. Price Comparison of Different Quality Grades

Price differences in high-porcelain green turquoise are mainly reflected in its porcelain-like quality, color, translucency, matrix distribution, and size.

* Standard High-Porcelain Green: Meets the high-porcelain standard in terms of quality, with a greenish hue, and may contain a small amount of matrix lines that do not detract from its beauty. Prices are relatively affordable, making it a major circulating product in the market.
* Premium High-Porcelain Green: Extremely high porcelain-like quality, nearly fully translucent, with pure color, typically apple green or blue-green tones, and no matrix lines or matrix lines distributed aesthetically (e.g., 'Wulan Hua'). These products already possess significant collection value.
* Top-tier High-Porcelain Green: Reaches gem-grade standards, with extremely high translucency, strong fluorescence, high and uniform color saturation, and no flaws. These products are rare and are the first choice for collectors and high-end investors. Prices often have no upper limit, depending on their rarity and artistic value.

III. Market Trend Analysis and Forecast

Trend Analysis:

  • Scarcity Drives Price Increases: The depletion of high-quality high-porcelain green turquoise mineral resources is continuously increasing its scarcity, which is a core factor supporting its sustained price growth.

  • Consumption Upgrade and Collection Demand: With the improvement of national economic levels, consumer demand for high-end jewelry and jade is growing. Turquoise, as the 'Oriental Green Gemstone,' is widely recognized for its cultural attributes and collection value.

  • Branding and Traceability System Development: The market's demand for turquoise origin, quality certification, and branding is increasing, which helps enhance the added value of quality products.

  • Integration of Online and Offline: The rise of new media marketing methods such as live streaming and short videos has expanded sales channels and improved market transparency.


Forecast:
It is expected that the market price of high-porcelain green turquoise will continue to maintain a steady upward trend in the coming year, with an annual increase possibly between 5-15%. Among them, premium and top-tier high-porcelain green will see more significant increases. Market demand for high-quality, un-enhanced, and traceable turquoise will continue to grow. At the same time, with technological advancements, turquoise identification and enhancement techniques will continue to improve, requiring consumers to be more cautious when purchasing.

IV. Investment Advice

  • Prioritize High Quality: Investments should first target premium and top-tier high-porcelain green turquoise with high porcelain-like quality, pure color, good translucency, no enhancement, and no flaws. Such products have great potential for value preservation and appreciation, and are easier to circulate.

  • Focus on Origin and Traceability: Prioritize products with clear origins (such as Shiyan, Hubei) and authoritative appraisal certificates. Origin certification and traceability information can effectively mitigate risks and enhance product value.

  • Beware of Enhancement Treatments: The market contains a large number of turquoise pieces that have undergone enhancement treatments such as stabilization, impregnation, and dyeing. When purchasing, be sure to carefully distinguish or seek professional help to avoid buying treated products. Un-enhanced natural high-porcelain green turquoise is the true investment gem.

  • Long-term Holding: As a non-renewable resource, the value of turquoise will continue to increase over time. Investors are advised to adopt a long-term holding mindset for investment, avoiding short-term speculation.

  • Diversified Allocation: For eligible investors, consider including turquoise as part of an asset allocation strategy, combining it with other investment products to diversify risk.


Risk Warning: Market risks exist, and investments should be made with caution. This report is for market analysis only and does not constitute specific investment advice. Investors should make decisions based on their own circumstances and risk tolerance.