Q2 2024 Turquoise (Qin Gu Material) Market Analysis Report

I. Market Overview and Price Data

In Q2 2024, the turquoise Qin Gu material market generally showed a steady upward trend. Influenced by tightening production policies, scarcity of high-quality raw ore, and sustained strong market demand, Qin Gu material prices remained firm, with some premium materials even experiencing slight increases. This quarter, the overall transaction volume of Qin Gu material slightly increased compared to the previous quarter, indicating a relatively active market.

Price Range and Average Price:

* High-Porcelain Blue (Top Grade): 800-1500 CNY/gram, average price approximately 1100 CNY/gram.
* High-Porcelain Green (Premium Grade): 500-900 CNY/gram, average price approximately 700 CNY/gram.
* Medium-High Porcelain Blue/Green (Upper-Middle Grade): 200-450 CNY/gram, average price approximately 320 CNY/gram.
* Ordinary Porcelain Grade (Entry-Level): 80-180 CNY/gram, average price approximately 130 CNY/gram.

Price Fluctuation:

* Compared to the previous quarter, prices for High-Porcelain Blue (Top Grade) increased by approximately 3-5%.
* Prices for High-Porcelain Green (Premium Grade) increased by approximately 2-4%.
* Prices for Medium-High Porcelain Blue/Green remained largely stable, with slight fluctuations of 1-2%.
* Prices for Ordinary Porcelain Grade remained stable.

Trading Volume:

The estimated total trading volume for turquoise Qin Gu material this quarter was 2500-3000 kilograms (referring to finished products and semi-finished raw materials). Among these, premium and above-grade materials accounted for about 30% of the transaction volume, upper-middle grade materials accounted for about 45%, and ordinary materials accounted for about 25%. Compared to Q1 2024, the overall transaction volume increased by approximately 8-10% quarter-on-quarter.

II. Market Trend Analysis and Forecast

  • Scarcity Drives Price Increases: Qin Gu material, as a top-tier turquoise, is highly sought after for its high-porcelain and intense blue/green characteristics. With the increasing depletion of raw ore resources and the rising difficulty of mining, the scarcity of high-quality Qin Gu material will continue to push up its market price. It is expected that prices for top-grade Qin Gu material may still see a 5-10% increase in the next six months.

  • Increased Consumer Awareness: As turquoise culture and knowledge become more widespread, consumer awareness of Qin Gu material continues to grow, along with their appreciation for its quality and value, which will further stimulate market demand.

  • Enhanced Investment Attributes: Turquoise is not only an ornament; its natural properties and non-renewable nature also give it certain investment value. In the current economic climate, some investors are turning to cultural and collectible jewelry with potential for value preservation and appreciation, and turquoise Qin Gu material is one such option.

  • Policy Impact: Regulatory efforts on mining in the production areas continue to strengthen, and environmental policies are becoming stricter. This will directly affect the supply of raw ore, thereby supporting market prices.


III. Price Comparison of Different Quality Grades

The price differences in Qin Gu material are primarily reflected in its porcelain degree, color, clarity, iron matrix distribution, and block size. Materials with high porcelain, intense blue/green, no or aesthetically pleasing iron matrix distribution, and appropriate block size command the highest prices.

* Top Grade (High-Porcelain Blue/High-Porcelain Green): Porcelain degree reaching 'jade-like' quality, pure and uniform color, no obvious impurities or iron matrix, or iron matrix forming unique patterns. Such materials can fetch over a thousand CNY per gram and are the first choice for collection and investment.
* Premium Grade (High-Porcelain Blue/High-Porcelain Green): High porcelain degree, vibrant color, with a small amount of iron matrix or localized impurities that do not detract from its beauty. Prices typically range from 500-900 CNY per gram and are the main circulating force in the market.
* Medium-High Porcelain Grade: Good porcelain degree, upper-middle color, may have some iron matrix or impurities, but overall appearance is acceptable. Prices range from 200-450 CNY per gram, suitable for daily wear and entry-level collection.
* Ordinary Porcelain Grade: General porcelain degree, color may be lighter or have color variations, with more iron matrix and impurities. Prices range from 80-180 CNY per gram, suitable for mass consumption.

IV. Investment Recommendations

  • Prioritize Premium, Focus on Long-Term: For investors, it is recommended to focus on top-grade and premium Qin Gu material with high-porcelain blue and high-porcelain green characteristics. These materials not only possess high aesthetic value but also have stronger scarcity and potential for value preservation and appreciation. While short-term market fluctuations may occur, the value of high-quality Qin Gu material is expected to continue to rise in the long run.

  • Focus on Raw Ore Quality, Not Over-Processing: When purchasing, attention should be paid to the natural quality of the raw ore, avoiding overly optimized or resin-treated materials. Natural, untreated Qin Gu material is what truly holds collection value.

  • Choose Reputable Dealers, Obtain Professional Appraisal: The turquoise market is mixed, so it is recommended to choose dealers with good reputations and professional appraisal capabilities for purchases, and if necessary, seek appraisal certificates from third-party authoritative institutions.

  • Diversify Investments, Control Risks: Turquoise investment belongs to the cultural and collectible art field, which carries certain professionalism and risks. Investors are advised to allocate assets reasonably according to their own circumstances and avoid over-concentrated investment.

  • Monitor Market Dynamics, Adjust Strategies Timely: Closely follow policies in turquoise producing areas, changes in market supply and demand, and macroeconomic conditions, and adjust investment strategies as appropriate.


Summary: The turquoise Qin Gu material market performed steadily in Q2 2024, with prices for high-quality materials continuing to rise and strong market demand. It is expected that its scarcity will become even more prominent in the future, and its investment value is likely to continue to increase. Investors should seize market opportunities, choose carefully, and invest rationally.