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

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

I. Market Overview and Price Data

In the second quarter of 2024, the market for high-ceramic green turquoise showed an overall steady upward trend, especially in the high-end exquisite segment, where prices performed particularly strongly. Market demand remained robust, but supply growth was limited due to mining restrictions and the scarcity of high-quality rough stones, further highlighting the supply-demand imbalance. This quarter saw significant increases in both transaction volume and prices for high-ceramic green turquoise.

Price Data (per gram):

* Regular High-Ceramic Green (no or minimal iron lines, pure color, good ceramic luster):
* Price Range: 300 CNY/gram - 800 CNY/gram
* Average Price: 550 CNY/gram
* Change (QoQ): +5% to +8%
* Premium High-Ceramic Green (no iron lines, pure and rich color, high ceramic luster and blue-green hue, perfect condition):
* Price Range: 800 CNY/gram - 2000 CNY/gram
* Average Price: 1200 CNY/gram
* Change (QoQ): +8% to +15%
* Collector-Grade High-Ceramic Green (top-tier quality, such as 'Wulan Hua' grade, fine texture, uniform color, flawless):
* Price Range: 2000 CNY/gram - 5000 CNY/gram (or even higher, depending on size and condition)
* Average Price: 3500 CNY/gram
* Change (QoQ): +10% to +20%

Trading Volume:

The overall trading volume for high-ceramic green turquoise increased by approximately 10%-15% quarter-on-quarter. Among these, the trading volume for premium and collector-grade high-ceramic green showed a more significant increase, indicating strong market demand for high-quality products.

II. Market Trend Analysis and Forecast

• Scarcity Drives Price Increases: High-quality turquoise raw material resources are increasingly depleted, especially the high-ceramic blue-green material, which is even rarer. With stricter mining policies, the market supply is unlikely to increase significantly, which will continue to support the price increase of high-ceramic green turquoise.


• Consumption Upgrade and Aesthetic Enhancement: Consumers' awareness of turquoise is continuously improving, and their demands for quality and aesthetics are also increasing. High-ceramic green, with its unique texture and color, has become a mainstream sought-after product in the market. This trend is expected to deepen in the future, driving up the prices of high-quality products.


• Enhanced Investment Attributes: As a non-renewable resource, turquoise's collection and investment value are gradually recognized by the market. Especially against the backdrop of increased macroeconomic uncertainty, the value preservation and appreciation function of physical assets are receiving more attention. High-ceramic green, due to its rarity and ornamental value, has become a favored variety among investors.


• Integration of Online and Offline Development: The rise of new retail models such as live streaming and short videos has provided a broader platform for turquoise transactions, promoting information transparency and circulation efficiency. In the future, online channels will continue to play an important role, but the experiential and trust aspects of offline physical stores remain irreplaceable.

Forecast: It is expected that the market for high-ceramic green turquoise will continue to maintain a steady growth trend in the next six months to a year, with significant room for price appreciation, especially for premium and collector-grade products. The price of regular high-ceramic green will remain relatively stable, but high-quality items will still be sought after.

III. Price Comparison of Different Quality Grades

As shown in the price data above, the price of high-ceramic green turquoise is significantly positively correlated with its 'ceramic luster,' 'color purity,' 'iron line situation,' and 'block size.'

* Ceramic Luster: The higher the ceramic luster, the stronger the gloss, the greater the hardness, and the higher the price. Prices increase stepwise from 'regular ceramic' to 'high ceramic,' and then to 'jade-like ceramic.'
* Color: The purer, richer, and more uniform the color, the closer it is to 'high blue-green' or 'emerald green' tones, the higher the price. Those with mixed colors or uneven coloration will see significant price reductions.
* Iron Lines: Those with no or very few aesthetically distributed iron lines are priced much higher than those with many messy iron lines. Among them, a small amount of 'Wulan Hua' iron lines, if evenly distributed, can command even higher prices due to their unique beauty.
* Block Size: Under the same quality, the larger the block, the higher the price per gram, as larger pieces are rarer and can be used for carving or making larger ornaments.

IV. Investment Advice

• Prioritize High Quality: For investors and collectors, it is advisable to focus on premium and collector-grade high-ceramic green turquoise. These products not only have higher ornamental value but also possess stronger value preservation and appreciation capabilities due to their rarity. Avoid blindly pursuing low prices, as inferior products have limited future appreciation potential.


• Pay Attention to Origin and Merchant Reputation: When purchasing, understand the origin of the turquoise (e.g., Shiyan, Hubei) and choose merchants with a good reputation and credibility. Request authoritative appraisal certificates from merchants to ensure the authenticity and quality of the purchased product.


• Long-Term Holding Strategy: The investment return of turquoise typically manifests in long-term holding. Short-term market fluctuations may occur, but in the long run, the value of high-quality high-ceramic green turquoise will continue to grow.


• Note the Integrity of Appearance: Check the turquoise for cracks, flaws, or signs of optimization treatment. Natural, unoptimized high-ceramic green turquoise has the highest value. For finished products, pay attention to the craftsmanship and design for exquisite detailing.


• Diversified Allocation: If the budget allows, consider allocating high-ceramic green turquoise from different origins and with varying appearances to diversify risks and broaden the scope of your collection.