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

I. Market Overview and Price Trends

In Q2 2024, the overall turquoise market showed a steady upward trend, with 'high-porcelain green' standing out as a representative of high-end categories. This quarter, the market price of high-porcelain green turquoise remained strong, with some premium pieces even experiencing slight increases. Market demand remained robust, especially in the collectible and investment-grade sectors, where buyer enthusiasm was undiminished.

Price Range and Fluctuation:

* Rough Stones (Raw Material): High-quality high-porcelain green rough stones ranged from 300-1500 RMB/gram, an average increase of approximately 3-5% compared to the previous quarter. Top-grade rough stones with excellent appearance, no optimization, and no impurities or cracks could even reach over 1800 RMB/gram.
* Finished Products (Beads, Carvings):
* Beads: High-porcelain green round beads larger than 10mm ranged from 800-3500 RMB/gram, an increase of approximately 2-4% compared to the previous quarter. Top-grade flawless, highly lustrous beads could exceed 4000 RMB/gram.
* Carvings: Exquisite high-porcelain green carvings (larger weight, superb craftsmanship) ranged from 1000-6000 RMB/gram, an increase of approximately 1-3% compared to the previous quarter. Carvings by renowned artists, with high artistic value, often commanded prices far exceeding the average, priced per piece.

Trading Volume:

Both online and offline trading volumes for high-porcelain green turquoise remained high this quarter. According to incomplete statistics, the transaction value of high-porcelain green related products on online platforms (such as Taobao, JD.com, Weipaitang, etc.) increased by approximately 8-12% quarter-on-quarter; offline professional markets (such as Wuhan, Shiyan, Beijing, etc.) also maintained stable growth in trading volume, especially for high-end customization and premium transactions.

II. Price Comparison of Different Quality Grades

The quality grade of turquoise significantly impacts its price, especially for high-porcelain green. Below is a price comparison of different quality grades of high-porcelain green:

* Top-grade High-Porcelain Green (No optimization, high porcelain, high blue, strong jade-like translucency, no iron lines, no impurities or cracks): Prices typically range from 2000-6000 RMB/gram, or even higher. Such products are scarce and are the preferred choice for collection and investment.
* First-grade High-Porcelain Green (Slight optimization, high porcelain, high blue, minor iron lines or tiny cracks): Prices typically range from 1000-2500 RMB/gram. The market circulation is relatively large, making it a popular choice for general collectors.
* Second-grade High-Porcelain Green (Moderate optimization, acceptable porcelain, more iron lines or obvious cracks): Prices typically range from 300-1000 RMB/gram. Primarily used for daily wear or entry-level collection.

III. Market Trend Analysis and Forecast

  • Scarcity Drives Price Increases: The mineral resources of high-porcelain green turquoise are increasingly depleted, especially in core producing areas like Shiyan, Hubei. The difficulty and cost of mining high-quality rough stones are continuously increasing, and their scarcity will continue to support price increases.

  • Consumption Upgrade and Aesthetic Enhancement: With the improvement of national economic levels, consumers' demands for the quality of jewelry and jade are also increasing. High-porcelain green, with its unique texture and color, is increasingly favored by high-end consumer groups.

  • Cultural Value and Investment Attributes: As one of China's 'Four Famous Jades,' turquoise has a profound cultural heritage. High-porcelain green is a standout among them, and its investment attributes are becoming increasingly prominent, attracting significant capital inflow.

  • Future Forecast: It is expected that within the next year, the market price of high-porcelain green turquoise will continue to maintain a steady upward trend, with an average annual increase of 5-10%. Among them, top-grade unoptimized high-porcelain green premium pieces may see even higher increases.


IV. Investment Recommendations

  • Prioritize Top-Grade Premium Pieces: For investors, it is advisable to prioritize unoptimized, high-porcelain, high-blue, strong jade-like translucent high-porcelain green turquoise without iron lines or cracks. Such products not only have strong value preservation and appreciation capabilities but also good market liquidity.

  • Focus on Origin and Craftsmanship: Turquoise from Shiyan, Hubei, is still considered the benchmark in the market; consider it first when purchasing. At the same time, exquisite carving craftsmanship can add artistic and collection value to turquoise.

  • Beware of Optimization Treatments: There are many turquoise products on the market that have undergone optimization treatments (such as gluing, resin impregnation, dyeing, etc.), whose value is far lower than natural unoptimized products. When purchasing, be sure to choose products with authoritative appraisal certificates or seek assistance from professionals.

  • 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 speculative behavior.

  • Diversify Investments: Investors are advised to appropriately diversify their investments into different categories and grades of turquoise, where conditions permit, to reduce risk.


Summary: In Q2 2024, the high-porcelain green turquoise market performed strongly, with steady price increases and active trading. Its scarcity, cultural value, and investment attributes will continue to support its future development. For collectors and investors, now is still a good time to enter the high-porcelain green turquoise market, but it is crucial to be discerning and invest rationally.