Merchants pick up market prices for jade or jump

When she was in her graduation season, Ms. Wang wanted to add an emerald pendant to the young girl who had just entered the university. There was an acquaintance who had to do the jewellery business to go shopping. She asked acquaintance Mr. Zhou to help him find one.

When Mr. Zhou returned, Ms. Wang actually returned to her empty hand after picking new goods - none of them looked "high-end atmosphere." Mr. Wang is also helpless: "Now, good goods are getting harder and harder to get into. The materials for hundreds of thousands of dollars are simply not clear to the eye. The material of 10,000 yuan is not dared to enter, there is no market for price, and it cannot be sold. "But Mr. Zhou still advised Ms. Wang to come to Bie Jialu and start early to avoid rising prices in the future."

Ms. Wang listened to Mr. Zhou’s suggestion to start “fishing” jade and traveled to major shopping malls. There was a gas phase in both—a kind of gold-inlaid jade ice pendant and an ice-breeding dragon pendant. The former sent prostitutes. The daughter who gave her an autumn engagement is also a symbol of joy. What is in the ointment is that the latter is priced at more than 200,000 yuan, and the two are totaling 250,000 yuan. She is not a small number for her family's annual income of nearly one million.

Thinking that she might be able to appreciate both values ​​and be able to pass on her in the future, Ms. Wang decided to start. After bargaining with the counters, they took down two kinds of pendants with RMB 210,000.

On the one hand, buyers are not easy to get rid of, and on the other side, businesses are reluctant to sell. The counter owner Mr. Zheng is not willing to cut prices: “I’ve been in this mall for nearly a decade. In addition to cheaper goods, more than RMB 10,000 are fine products, and I’ve never played 8.5 fold. It’s a bad business this year. High-priced goods rushed and returned funds."

Chen Jinyuan, a member of the China Gem and Jade Association, analyzed that from 2009 to 2011, the purchase price of jadeite products continued to increase, and merchants hoarded jade. From last year to this year, businesses began to go into inventory, leading to price fluctuations and a wait-and-see atmosphere in the retail market. As for the investment-grade jadeite, it is even harder for merchants to enter the same level of goods at a price higher than the price, so they are not willing to cut prices.

Although there is still a bubble in the price of jadeite, Ms. Wang has shot at this time and got the approval of Chen Jinyuan. He expects the price increase of jadeite in the second half of the year is inevitable. “The high-end jadeite with investment collection value is still scarce, and the possibility of falling prices of consumer-grade jadeite is also very slim. Now that the market has entered the wait-and-see period, the price has not been affected by too many surges in Myanmar's public trading market. August is a good time to start. The price of new products will jump after the listing in September."

The boom in Myanmar's public trading is the most talked about jade collection this summer. China's natural Jade A goods are mostly from Burma. However, since March of last year, there have been five quarters in Burma and there has been no public auction of rough stones. Businessmen’s urgency can be imagined. In this publicly traded year in June this year, the original stone was reduced by 38% from 2012, the starting price was changed from the lowest 2000 euros to 4,000 euros, and the number of participating merchants increased by nearly 50%. The most embarrassing aspect of participating customers is the decline in wool quality and rising prices.

According to the jadeite trader who participated in the public trading, this time, the public good fortune is less, there is almost no glass (1417, -2.00, -0.14%) species, some left to see right are millions of grades of the original stone to be worth hundreds of millions. The ice-glass auction price between the ice species and the glass species is not taxed at 8,000 yuan per gram, which is seven times higher than the spot price. "Flour is more expensive than bread." There are also mysterious buyers rushing to buy rough at 10 times the market price.

If only a reduction in the supply of the public market does not cause market shocks. The problem is that in the future, Myanmar will not sell wool, but will vigorously develop the jade processing industry and increase its added value. Although some experts believe that the domestic jadeite wool stocks imported in the early years can meet market demand in the next decade, Chen Jinyuan pointed out that this trend of reducing wool exports will exacerbate price increases expectations.

According to Chen Jinyuan’s analysis, in June, the official stone of Myanmar’s publicly listed company went through a three-month production cycle and went public in September. Affected by the increase in raw material prices, the finished product price will jump by 50% to 60%. Even if there is no market for price, the price reduction may be extremely small, and the price from October to December cannot be lower than the price of new products in September.

There are also industry insiders who have different expectations for price increases. Yunnan Group player Guo Qun pointed out that the retail price will rise, but it will not soar. In the second half of the year, the jadeite market is definitely full of flowering, with high, medium, and low prices going up. The high-end jadeite from August to the end of the year will be 30% no problem.

China's color gemstone CEO Cui Yuedong is also optimistic about the prospects of high-end jade. He said that the increase in demand for high-end jadeite after the public auction in June increased the price, and that “more than 20% of the annual rise will be certain.”

Since the industry is unanimously optimistic about the emerald, how should investors configure jadeite?

At present, the market uses 100,000 yuan to measure whether a single piece of jadeite is an investment product or a consumer product. Chen Jinyuan believes that although consumer goods are also rising, they have poor liquidity and businesses are reluctant to recycle. The appreciation can only be psychologically satisfied. The investment-collection-level jade merchants are willing to recycle, and auction companies also like it, so there is ample room for appreciation.

Industry insiders recommend configuring investment grade jade. Cui Yuedong said: "Try to buy high-end gems, even if you buy a good one, do not divide the money into ten, buy ten ordinary things." Guo Qun said that in all types of goods, more than 100,000 Small ornaments have a large appreciation space and try to avoid large items at the same price.

Specific to each group, Chen Jinyuan suggested that families with an annual income of less than 1 million yuan could allocate 100,000 yuan to 200,000 yuan for jade jewelry and ornaments. Households with an annual income of 1 million yuan to 10 million yuan may be equipped with colored or full-colored pendants and ornaments within 5 million yuan. Households with an annual income of more than RMB 10 million are mainly equipped with the original stone plate and supplemented by gemstone jewelry.