Q2 2024 Market Analysis Report for Icy Jadeite

I. Market Overview and Price Data

In the second quarter of 2024, the icy jadeite market generally showed a steady upward trend. High-end icy jadeite continues to be sought after by collectors and investors, while mid-to-low-end icy jadeite exhibits certain price flexibility. This quarter, market transaction volume slightly increased compared to the previous quarter, indicating a gradual recovery of market confidence.

Price Range and Trading Volume:

* Icy colorless/light green (common grade): Pendant prices range from 5,000 - 25,000 CNY/piece, and bangle prices range from 30,000 - 80,000 CNY/piece. The trading volume for such products was moderate this quarter, with minor price fluctuations, showing a quarter-on-quarter increase of approximately +1.5%.
* Icy with floating flowers/vibrant green (medium grade): Pendant prices range from 20,000 - 100,000 CNY/piece, and bangle prices range from 80,000 - 300,000 CNY/piece. Transactions for these products were active, especially for exquisite pieces with excellent clarity and vivid floating flowers, showing a significant price increase, with a quarter-on-quarter increase of approximately +3.8%.
* High-icy/Glassy (premium grade): Pendant prices range from 100,000 - 500,000 CNY/piece, and bangle prices range from 300,000 - 1,500,000 CNY/piece, or even higher. The trading volume for such top-tier jadeite is relatively small, but individual pieces have high value, and prices remain firm and continue to rise, with a quarter-on-quarter increase of approximately +5.2%. Some rare large pieces or uniquely carved items have even sold for millions.

Overall Price Trend:

* Price Range (overall): 5,000 CNY - 1,500,000 CNY+ (per piece/bangle)
* Average Price (estimated): 150,000 CNY/piece (primarily driven by high-value products)
* Price Change (quarter-on-quarter): +3.5% (overall average increase)
* Trading Volume (estimated): Approximately 12,000 pieces/bangles (mainly referring to mid-to-high-end icy jadeite, excluding large quantities of low-end wholesale)

II. Market Trend Analysis and Forecast

  • High-end Exclusives Continue to Lead Growth: The increasing scarcity of high-quality raw materials highlights the value preservation and appreciation attributes of high-icy and glassy jadeite. This trend is expected to continue, with ample room for price appreciation in top-tier jadeite.

  • Personalization and Design Appeal: Consumer aesthetic demands for jadeite are becoming increasingly diverse. Icy jadeite jewelry with unique designs and exquisite craftsmanship is more likely to gain market recognition. The combination of traditional themes and modern aesthetics will be an important direction for the future market.

  • Active Live E-commerce and Online Transactions: While offline physical stores remain the mainstream for high-end jadeite transactions, live e-commerce and professional online platforms are playing an increasingly important role in the popularization of icy jadeite and the sales of mid-to-low-end products, improving market circulation efficiency.

  • Consumers Becoming More Rational: After several years of market education, consumers have a deeper understanding of jadeite. They have higher requirements for clarity, color, and craftsmanship, and less blind following of trends, focusing more on cost-effectiveness and collection value.

  • Future Forecast: The icy jadeite market is expected to maintain steady growth in the third quarter. Prices for high-end products will continue their upward trend, while mid-range product prices will stabilize and see slight increases. The market will place greater emphasis on the cultural connotation and artistic value of products.


III. Price Comparison of Different Quality Grades

| Quality Grade | Clarity Characteristics | Color Characteristics | Pendant Price Range (CNY/piece) | Bangle Price Range (CNY/piece) |
| :--------------- | :---------------------------------------------- | :------------------------------------------------------------- | :------------------------------ | :----------------------------- |
| Common Icy | Icy, average translucency, noticeable cotton | Colorless, light green, bean green | 5,000 - 25,000 | 30,000 - 80,000 |
| Medium Icy | Icy and moist, good translucency, less or no cotton | Floating flowers, light vibrant green, clear water green | 20,000 - 100,000 | 80,000 - 300,000 |
| High-Icy | Icy and transparent, gelatinous feel, full translucency, almost no cotton | Vibrant green, imperial green, blue water, lavender, pure and even color | 100,000 - 500,000 | 300,000 - 1,500,000 |
| Glassy | Glassy luster, extremely high transparency, no cotton, fluorescent | Imperial green, positive vibrant green, high-quality blue water, rich and pure color | 500,000+ | 1,000,000+ (rare, no upper limit) |

IV. Investment Recommendations

  • Focus on Premium Products, Eye on Long-Term: For investors, the focus should be on high-icy and glassy jadeite, especially exquisite pieces with excellent clarity, pure color, and superb craftsmanship. These products have strong resistance to depreciation and appreciation potential, suitable for long-term holding.

  • Prioritize Clarity, Consider Color: The “clarity” (种) of jadeite is fundamental to its value, and icy jadeite is renowned for its crystal-clear texture. Under the same clarity conditions, jadeite with a more positive, richer, and more even color has higher value.

  • Choose Reputable Dealers, Obtain Authoritative Certificates: When purchasing jadeite, it is essential to choose dealers with a good reputation and credibility, and request identification certificates issued by national or international authoritative institutions to ensure the authenticity and quality of the purchased jadeite.

  • Avoid Blind Chasing, Judge Rationally: The market has speculative behaviors, and some dealers may hype concepts. Investors should remain rational, learn more about jadeite, accumulate appreciation experience, and avoid blindly chasing high prices.

  • Diversified Allocation: For investors with ample funds, consider including jadeite as part of asset allocation, combining it with other investment products to diversify risks.


Disclaimer: This report is based on publicly available market information and analyst judgments, for reference only, and does not constitute any investment advice. Investors should bear their own investment risks.