Crazy jade doubling a year (Figure)

According to data from the China Jewellery and Jade Jewelry Industry Association, the average price of jadeite rose about 18% per year from 2000 to 2009. From early to mid-2010, the average jade rose nearly 30%.

In the Tengchong Lotus Sculpture Center, known as the “First Town of China's Jade”, Yin Chunlin, deputy chairperson of the Tengchong Jadeite Association and head of the sculpture center, told reporters that not long ago, the price of more than 1 million glasses per kilogram of jadeite rose to 300. Million/kg. Just two days later, the raw materials of jadeite glass, even if the price of 10 million yuan 1 kg can not get the goods. Emerald wool has become an absolute "crazy stone."

Raw material up

As a gem-quality jadeite stone, it is currently only produced in the area named Palankin in the northern state of Myanmar. According to the Burmese government regulations, the jadeite miners must submit the extracted jadeite stones to the Ministry of Geology and Mining of the Government of Myanmar or the Ministry of Mining of the Ministry of Military Affairs for centralized auction in the capital. This is what is commonly known as the Yangon bus.

The soaring price of jadeite has been reflected in the latest public price. As the price of raw materials soared, along with the price transmission mechanism, the prices of all aspects of the entire jade industry have risen sharply.

“Many of the low-quality jadeite raw materials originally referred to as waste materials may have more than doubled their prices last year, not to mention better raw materials,” said Lin Lin, owner of the Yunnan Ruili Nanya jewelry store.

Yin Chunlin said that prices are soaring and sellers are reluctant to sell. In addition to other jade, jade has the uniqueness of origin, resource scarcity and non-renewability, so once the price goes higher, it will be difficult to turn back.

Hot money intervention

The owner of Lao Li, a boss with a yearly sales of approximately 10 million yuan, opened a shop in Pingzhou Jade Street and quipped with reporters. "Novices frenzied with prices, veteran follow-ups, old and new, and Jadeite tripped so that everyone couldn't read it." In Lai Li's eyes, last year's Jade line was a process where everyone "fried".

"There are a lot of newcomers, and we have veterans who will naturally push the prices up. After that, the more expensive you are, the more expensive you are, and the more you are, becomes a cycle."

According to the forecast of China Jewellery and Jade & Jewelry Industry Association, in 2010, the annual sales of jewelry in China will exceed 200 billion yuan***. In jewelry consumption, jade jade sales of about 40 billion yuan a year. Even if this figure is conservatively estimated, it will rise to more than 100 billion yuan in 2020, and resources will not be renewable. It is no wonder that hot money will be able to participate in the hype.

Yin Chunlin told reporters: "There are both coal owners in Shanxi, Wenzhou real estate speculators, and local real estate developers and a large number of funds that are not optimistic about the stock market."

In addition, in terms of process prices, with the development of the times, processing costs, labor costs and other processing costs of the jade industry have risen more than before, which also contributes to the price increase of jade jewelry to some extent.