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

Abstract: In Q2 2024, the overall turquoise market showed steady growth, with the 'High-Porcelain Green' variety, in particular, continuing to attract high-end collectors and investors due to its scarcity, stability, and unique aesthetic value. This quarter saw a stable increase in High-Porcelain Green prices, active transaction volumes, and strong market confidence.

I. Market Price Data Analysis

This quarter, the 'High-Porcelain Green' variety of turquoise showed outstanding price performance, with specific data as follows:

* Price Range:
* Ordinary High-Porcelain Green (unenhanced, medium quality, 5-10g): 800 - 1800 CNY/gram
* Premium High-Porcelain Green (unenhanced, perfect quality, no or minimal matrix, 10-20g): 2000 - 4500 CNY/gram
* Collector-Grade High-Porcelain Green (unenhanced, top quality, high blue, high porcelain, no matrix, over 20g): 5000 - 12000 CNY/gram, with some exceptional pieces exceeding 15000 CNY/gram.

* Price Fluctuation:
* Compared to the previous quarter, ordinary High-Porcelain Green prices increased by approximately 3-5%.
* Premium High-Porcelain Green prices increased by approximately 5-8%.
* Collector-Grade High-Porcelain Green prices increased by approximately 8-15%, demonstrating strong appreciation potential.

* Trading Volume:
* The total online and offline trading volume for 'High-Porcelain Green' turquoise increased by approximately 12% quarter-on-quarter. The trading volume for high-end premium and collector-grade products saw a more significant increase, indicating sustained market demand for high-quality turquoise.

II. Market Trend Analysis and Forecast

  • Scarcity Drives Price Increases: High-porcelain green turquoise is rare due to its stringent formation conditions, especially unenhanced, high-porcelain, high-blue top-grade material, which is even rarer. As high-quality raw materials become increasingly depleted, their scarcity will further push up prices.

  • Consumption Upgrade and Aesthetic Enhancement: With the improvement of national economic levels, consumers' aesthetic and quality requirements for jewelry and jade are continuously increasing. The unique warm texture, pure color, and stable structure of high-porcelain green turquoise perfectly meet the demands of the high-end consumer market.

  • Investment Attributes Becoming Prominent: Turquoise, especially high-porcelain green, is no longer just an ornament; its investment value is gradually being recognized by the market. Under inflation expectations, the function of physical assets to preserve and increase value attracts more investors.

  • Origin Traceability and Certification: The market is increasingly emphasizing the origin, enhancement status, and quality certification of turquoise. Unenhanced high-porcelain green with authoritative appraisal certificates and clear origins (e.g., Shiyan, Hubei) will be more favored, and its premium space will be larger.

  • Future Forecast: It is expected that over the next one to two quarters, the price of high-porcelain green turquoise will continue to maintain a steady upward trend, especially in the premium and collector-grade segments, where the increase is expected to further expand. The price of ordinary high-porcelain green will remain relatively stable, but high-quality pieces still have room for appreciation.


III. Price Comparison of Different Quality Grades

| Quality Grade | Characteristics | Q2 2024 Average Price (CNY/gram) | Price Range (CNY/gram) |
| :---------------------- | :----------------------------------------------------------------------------- | :------------------------------- | :--------------------- |
| Ordinary High-Porcelain Green | Medium porcelain, lighter color or some matrix, smaller carat weight | 1200 | 800 - 1800 |
| Premium High-Porcelain Green | High porcelain, pure color, no obvious matrix, moderate carat weight | 3000 | 2000 - 4500 |
| Collector-Grade High-Porcelain Green | Top-grade high porcelain, high blue, high porcelain, no matrix, large carat weight | 8000 | 5000 - 12000+ |

IV. Investment Recommendations

  • Prioritize unenhanced, high-porcelain, high-blue premium and collector-grade turquoise: These products not only have higher aesthetic value but also possess the strongest scarcity and potential for preservation and appreciation. In the long run, their investment return will far exceed ordinary products.

  • Focus on the balance between carat weight and appearance: Within budget, try to choose products with larger carat weight and perfect appearance. Large carat weight turquoise has more collection value, but appearance is the core factor determining its value.

  • Emphasize origin and appraisal certificates: Prioritize turquoise from well-known origins such as Shiyan, Hubei, and request appraisal certificates issued by authoritative institutions to confirm that it is a natural, unenhanced product. This can effectively avoid risks and ensure the reliability of the investment.

  • Beware of 'enhanced' or 'stabilized' products on the market: There are many turquoise products on the market that have undergone enhancement treatment, and their prices are much lower than natural unenhanced products. Investors should be vigilant and avoid blind purchases to prevent losses.

  • Long-term holding, patient waiting: The value growth of turquoise is a long-term process. For investors, it is recommended to adopt a long-term holding strategy and patiently wait for its value to further emerge.


Disclaimer: This report is based on existing market data and analyst judgments and is for reference only. It does not constitute any investment advice. Investors should make decisions cautiously based on their own circumstances and bear corresponding risks.