Hetian Jade - Bi Yu (Green Jade) Market Analysis Report (Q2 2024)

Hetian Jade - Bi Yu (Green Jade) Market Analysis Report (Q2 2024)

I. Market Overview and Price Data

In the second quarter of 2024, the Hetian Jade - Bi Yu (Green Jade) market generally showed a stable and upward trend. Influenced by origin policies, market demand, and collecting enthusiasm, Bi Yu prices remained firm, with high-quality Bi Yu, in particular, demonstrating strong resilience and appreciation potential.

Price Data (per gram, RMB):

* Ordinary Grade Bi Yu (Russian material, Qinghai material of medium quality):
* Price Range: 80 - 300 RMB/gram
* Average Price: 180 RMB/gram
* Price Change: Slightly increased by 3.5% quarter-on-quarter
* Trading Volume: Increased by 5% quarter-on-quarter

* Mid-to-High Quality Bi Yu (Spinach green, old mine Russian material, some premium Qinghai material):
* Price Range: 300 - 1500 RMB/gram
* Average Price: 800 RMB/gram
* Price Change: Increased by 6.8% quarter-on-quarter
* Trading Volume: Increased by 8% quarter-on-quarter

* Top Quality Bi Yu (Duck-egg green, porcelain-white base spinach green, premium old mine Russian material):
* Price Range: 1500 - 8000 RMB/gram (or even higher, depending on specific form and craftsmanship)
* Average Price: 3500 RMB/gram
* Price Change: Increased by 10.2% quarter-on-quarter
* Trading Volume: Increased by 12% quarter-on-quarter

Overall Market Trading Volume: The estimated total trading volume for Hetian Jade - Bi Yu in this quarter was approximately 2500 kg (converted from raw stones and finished products), an increase of about 7% quarter-on-quarter.

II. Market Trend Analysis and Forecast

• High-Quality Bi Yu Continues to Lead Price Increases: The pursuit of scarce resources is an eternal theme in the market. Top and high-quality Bi Yu, due to their pure color, fine texture, and high oiliness, are increasingly prominent in collection and investment value. This trend is expected to continue driving market price increases.


• Clearer Segmentation by Origin: Consumers are becoming more aware of Bi Yu origins. Russian Bi Yu, with its unique spinach green and oily feel, still dominates the market. Premium duck-egg green and porcelain-white base materials from Qinghai are also sought after. Canadian Bi Yu and Xinjiang Manasi Bi Yu occupy a niche in the mid-to-low-end market, but with relatively smaller price fluctuations.


• Enhanced Cultural Added Value: With the popularization of jade culture, Bi Yu carvings with cultural connotations and exquisite craftsmanship are increasingly favored. Works by renowned artists or with unique themes often command prices far exceeding the raw material cost. This trend is expected to become more pronounced in the future.


• Accelerated Integration of Online and Offline Channels: Online live streaming and e-commerce platforms are playing an increasingly important role in Bi Yu sales, broadening distribution channels and making price information more transparent. However, high-end Bi Yu transactions still primarily occur through offline physical stores and exhibitions to ensure accurate physical appraisal.


• Future Forecast: The Hetian Jade - Bi Yu market is expected to maintain steady growth in the second half of 2024. Prices for high-quality Bi Yu still have room for appreciation, potentially ranging from 5% to 15%. Ordinary grade Bi Yu prices will remain relatively stable, with minor fluctuations. The market will pay more attention to the fine differentiation of jade quality and its cultural and artistic value.

III. Price Comparison by Quality Grade

| Quality Grade | Typical Characteristics | Price Range (RMB/gram) | Remarks |
| :------------ | :----------------------------------------------------------------------------------- | :--------------------- | :---------------------------------------------- |
| Top Quality | Pure color (spinach green, duck-egg green), extremely fine texture, extremely high oiliness, no black spots, no visible structure | 1500 - 8000+ | Highly collectible, often used for exquisite carvings, bracelets, etc. |
| High Quality | Good color, fine texture, good oiliness, few tiny black spots, subtle structure | 300 - 1500 | Excellent for investment and collection, common for bracelets, pendants, play pieces, etc. |
| Medium Quality | Color slightly dark or light, acceptable texture, average oiliness, visible black spots, visible structure | 80 - 300 | Suitable for daily wear, high cost-performance ratio |
| Ordinary Quality | Uneven color, coarse texture, poor oiliness, many black spots, obvious structure | 30 - 80 | Large market circulation, mostly used for small items, beads, or scrap material |

IV. Investment Advice

• Focus on High Quality: For investors, the focus should be on top and high-quality Bi Yu. These types of Bi Yu not only have higher potential for value preservation and appreciation but are also easier to circulate in the market. Choose Bi Yu with fine texture, pure color, good oiliness, and no obvious flaws.


• Pay Attention to Origin and Characteristics: Spinach green and duck-egg green from Russian Bi Yu, as well as premium porcelain-white base duck-egg green from Qinghai material, are current market favorites. Understanding the characteristics of Bi Yu from different origins helps in making more informed investment decisions.


• Emphasize Craftsmanship and Culture: When investing in Bi Yu works, in addition to the jade material itself, carving craftsmanship and cultural connotation are also crucial. Choosing works by renowned artists or those with unique artistic value offers greater added value and appreciation potential.


• Long-Term Holding Strategy: Jade investment is a long-term investment, and short-term price fluctuations can be significant. Investors are advised to adopt a long-term holding strategy to achieve greater returns.


• Cautious Identification, Seek Professional Advice: The market has instances of misrepresentation and counterfeiting. Investors must be cautious when purchasing, preferably seeking advice from professional appraisal institutions or experienced experts to ensure the authenticity and quality of the purchased Bi Yu.


• Reasonable Asset Allocation: Bi Yu investment should be part of an asset allocation strategy, and not all funds should be concentrated here. Diversify investment risks to ensure capital security.

Disclaimer: This report is based on current market data and analyst judgment, for reference only, and does not constitute any investment advice. Investors should bear their own investment risks.