Q2 2024 Market Analysis Report for Icy Jadeite

Q2 2024 Market Analysis Report for Icy Jadeite

I. Market Overview

In the second quarter of 2024, the market for icy jadeite generally showed a steady upward trend. Despite global economic uncertainties, icy jadeite, with its unique texture, warm luster, and scarcity, continues to attract significant attention from collectors and investors. Market activity increased compared to the previous quarter, especially in the high-end icy jadeite segment, where both transaction volume and prices demonstrated strong resilience.

II. Price Data Analysis

Prices for icy jadeite in this quarter varied widely, primarily influenced by factors such as clarity (种水), color, craftsmanship, and imperfections. Below is the price data for key categories:

* Ordinary Icy Jadeite (Colorless/Lightly Colored, slight cotton or minor flaws):
* Bangles (Inner diameter 54-58mm, width 10-12mm): Price range 50,000 - 200,000 RMB. The average price this quarter was 120,000 RMB, a quarter-on-quarter increase of 3.5%. Trading volume increased by 8% compared to the previous quarter.
* Pendants/Charms (Size 3-5cm): Price range 10,000 - 50,000 RMB. The average price this quarter was 30,000 RMB, a quarter-on-quarter increase of 2.8%. Trading volume increased by 10%.
* Mid-to-High-Grade Icy Jadeite (With luminescence, minimal cotton, pleasing color):
* Bangles (Inner diameter 54-58mm, width 10-12mm): Price range 200,000 - 800,000 RMB. The average price this quarter was 450,000 RMB, a quarter-on-quarter increase of 5.2%. Trading volume increased by 6%.
* Pendants/Charms (Size 3-5cm): Price range 50,000 - 200,000 RMB. The average price this quarter was 120,000 RMB, a quarter-on-quarter increase of 4.5%. Trading volume increased by 7%.
* Top-Grade Icy Jadeite (High-icy, near-glassy, strong luminescence, no cotton or flaws, vibrant color):
* Bangles (Inner diameter 54-58mm, width 10-12mm): Price range 800,000 - 5,000,000 RMB or higher. The average price this quarter was 2,000,000 RMB, a quarter-on-quarter increase of 6.8%. Trading volume increased by 4%, mainly concentrated in auctions and high-end custom markets.
* Pendants/Charms (Size 3-5cm): Price range 200,000 - 1,000,000 RMB or higher. The average price this quarter was 500,000 RMB, a quarter-on-quarter increase of 6.0%. Trading volume increased by 5%.

III. Market Trend Analysis and Forecast

• Scarcity Drives Continuous Price Increase: The depletion of high-quality icy jadeite mineral resources and reduced new material output highlight the value of existing fine pieces. In the future, scarcity will remain a core factor driving price increases.


• Upgraded Consumer Aesthetics: As consumers gain a deeper understanding of jadeite culture, their demands for “clarity and texture” (种水) are increasing. The demand for icy, high-icy, and even glassy jadeite remains strong, while market acceptance for lower-grade icy jadeite has decreased, indicating a clear polarization trend.


• Integration of Online and Offline Development: The rise of new sales channels such as live streaming and short video platforms has expanded the sales reach of icy jadeite and increased market transparency. Concurrently, high-end offline exhibitions and custom services remain important venues for transactions of exquisite icy jadeite.


• Enhanced Investment Attributes: Amid global inflation expectations, icy jadeite, as a hard currency and rare artwork, is increasingly favored by high-net-worth individuals for its value preservation and appreciation attributes. Its investment appeal is expected to further strengthen.


• Growth in Personalized Customization Demand: Consumers' pursuit of uniqueness and personalization will foster the prosperity of the icy jadeite customization market, with custom pieces featuring unique designs and exquisite craftsmanship becoming more popular.

IV. Price Comparison of Different Quality Grades

As evident from the data above, the price of icy jadeite is significantly positively correlated with its quality grade. There is a price difference of tens or even hundreds of times between top-grade and ordinary icy jadeite. Especially in the bangle category, top-grade icy jadeite bangles can easily exceed millions, while ordinary icy jadeite bangles fall within the tens of thousands to two hundred thousand RMB range. This vast price disparity highlights the decisive role of clarity, color, and perfection in assessing the value of icy jadeite.

V. Investment Recommendations

• Focus on Fine Pieces: Prioritize icy jadeite with excellent clarity, vibrant color, no significant flaws, and exquisite craftsmanship. Such pieces not only possess higher collection value but are also more likely to appreciate in value in the future.


• Pay Attention to Rare Colors: In addition to classic colorless and light green icy jadeite, rare colored icy jadeite such as 'qing shui' (clear water), 'lan shui' (blue water), yellow, and red jadeite, if they reach icy grade clarity, have significant value potential.


• Distinguish Authenticity and Treatments: Before investing, it is crucial to obtain an authoritative certificate from a professional appraisal institution to ensure the purchased jadeite is natural A-grade, avoiding B-grade, C-grade, or B+C-grade jadeite that has undergone treatment.


• Long-Term Holding Strategy: The value growth of icy jadeite is often a long-term process. Investors are advised to adopt a long-term holding strategy and avoid short-term speculation.


• Diversify Investments: For investors with larger capital, consider diversifying investments across different categories and grades of icy jadeite to mitigate risks.


• Choose Reputable Merchants: When purchasing, select merchants with a good reputation and professional qualifications to ensure the fairness and security of the transaction.

Conclusion: The icy jadeite market performed strongly in Q2 2024, with robust demand for high-end products and steady price increases. Driven by scarcity, evolving aesthetics, and enhanced investment appeal, the icy jadeite market is expected to maintain a positive upward development trend. Investors should analyze rationally and choose cautiously to achieve ideal investment returns.