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

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

Abstract: In Q2 2024, the high-porcelain green turquoise market generally showed a steady upward trend. Prices for high-quality high-porcelain green turquoise remained strong, with some premium pieces showing significant increases, while ordinary quality high-porcelain green remained stable. Market transaction volume slightly increased, and investor enthusiasm for scarce resources continued. It is expected that the high-porcelain green turquoise market will remain active in the coming period, but investment requires attention to quality and origin.

I. Market Price Data Analysis

This quarter, the market price of high-porcelain green turquoise showed a clear polarization. We mainly focused on high-porcelain green rough stones and finished products from core producing areas such as Yunxian and Zhushan in Hubei.

* Rough Stone Prices:
* Ordinary High-Porcelain Green (Porcelain level 8-9, no or minimal iron lines): Price range 150-300 CNY/gram. Compared to the previous quarter, prices were largely stable, with a change of approximately +1%. Transaction volume was stable.
* Premium High-Porcelain Green (Porcelain level 9+, no iron lines, pure color): Price range 350-800 CNY/gram, with some top-tier pieces exceeding 1000 CNY/gram. Compared to the previous quarter, the increase was approximately +5% to +10%. Transaction volume slightly increased, with fierce competition for these scarce resources in the market.

* Finished Product Prices (Beads, Carvings, etc.):
* Ordinary High-Porcelain Green Finished Products (Beads under 10mm diameter, average carving craftsmanship): Price range 200-500 CNY/gram. Prices showed little fluctuation, with a change of approximately +0.5%. Transaction volume was stable.
* Premium High-Porcelain Green Finished Products (Beads over 12mm diameter, exquisite carving craftsmanship, no optimization): Price range 600-1500 CNY/gram, with top-tier collector-grade pieces reaching 2000 CNY/gram or more. Compared to the previous quarter, the increase was approximately +8% to +15%. Transaction volume significantly increased, especially in high-end custom and auction markets.

* Overall Transaction Volume: The overall transaction volume for high-porcelain green turquoise this quarter increased by approximately 8% quarter-over-quarter. Among them, the transaction volume for premium-grade high-porcelain green showed a more significant increase, indicating strong market demand for high-quality products.

II. Market Trend Analysis and Forecast

• Scarcity Drives Price Increase: The mineral resources of high-quality high-porcelain green turquoise are increasingly depleted, leading to continuous enhancement of its scarcity. Under the principle of 'rarity commands value,' prices for high-quality high-porcelain green are expected to continue to rise in the future.


• Increased Consumer Awareness: With the popularization of turquoise culture and knowledge, consumer awareness of high-porcelain green is increasing, as is their recognition of its unique beauty and collection value.


• Enhanced Investment Attributes: Turquoise, especially high-porcelain green, has become not just an ornament but also an investment product with potential for value preservation and appreciation. In the current economic environment, some investors are turning to tangible assets, further boosting market demand for high-porcelain green.


• Origin and Quality Determine Value: High-porcelain green from Hubei (Yunxian, Zhushan) remains the market mainstream and value benchmark. At the same time, 'jade-like material' with no iron lines, high porcelain level, pure color, and strong luster will continue to be sought after.


• Future Forecast: It is expected that in the second half of 2024, the high-porcelain green turquoise market will remain active, and prices for premium-grade high-porcelain green are expected to continue to rise steadily. Prices for ordinary quality high-porcelain green will remain stable, but a significant increase is unlikely. The market will pay more attention to origin traceability and quality identification.

III. Price Comparison of Different Quality Grades

| Quality Grade | Porcelain Level | Color | Iron Lines | Market Price Range (CNY/gram) | Remarks |
| :------------ | :-------------- | :---- | :--------- | :---------------------------- | :------ |
| Top Collector Grade | 9.5+ | Pure High Green | None | 800 - 2000+ | Extremely rare, mostly jade-like material, extremely strong luster |
| Premium High-Porcelain Green | 9-9.5 | Pure High Green | None or Minimal | 350 - 800 | Market mainstream, high potential for value preservation and appreciation |
| Ordinary High-Porcelain Green | 8-9 | Emerald/Blue-Green | Minimal or Some | 150 - 350 | Larger market circulation, suitable for entry-level collection |
| Medium Quality | 7-8 | Light Green/Blue-Green | Many | 50 - 150 | Not considered high-porcelain green, lower price |

IV. Investment Recommendations

• Prioritize Premium, Avoid Ordinary: For investors, it is advisable to prioritize high-porcelain green turquoise with high porcelain level, pure color, and no or minimal iron lines. Such products not only have higher aesthetic value but also greater potential for value preservation and appreciation.


• Focus on Origin Traceability: High-porcelain green turquoise from core producing areas like Yunxian and Zhushan in Hubei has higher market recognition and collection value. When purchasing, be sure to pay attention to origin certificates and merchant reputation.


• Beware of Optimization Treatments: There is a large amount of turquoise on the market that has undergone optimization treatments (such as glue impregnation, resin injection, dyeing, etc.), whose value is far lower than that of natural, untreated products. Investors should learn identification knowledge or seek appraisal from professional institutions.


• Consider Carat Weight and Appearance: Under the same quality, turquoise with larger carat weight and more perfect appearance has higher collection value and investment potential.


• Long-Term Holding Strategy: The value growth of turquoise is a long-term process. Investors are advised to adopt a long-term holding strategy and avoid short-term speculation.

Risk Warning: The turquoise market carries price fluctuation risks. Investors should invest cautiously based on their risk tolerance. At the same time, market information is complex and requires careful discernment.