Jadeite prices continue to extend to the trough

Jade, known as the king of jade, has been loved by the Chinese people since its tradition, and its value has been steadily increasing year by year. Especially after 2005, its market prices and transactions have grown swiftly. After the advent of the financial crisis in 2008, the Jade market began to pull back. However, this market only lasted for about 5 months, and the market rebounded. Until last year, the price of jadeite fell again and continued to extend to the trough.

Hot money is being withdrawn from the local jade market this year. Some interviewees from the Chongqing Evening News admitted frankly: It is cold. A local jadeite seller revealed that in March of last year, due to the price hike, the company received a large investment in a single venture capital investment and pointed out that it specializes in jade marketing. In the second half of last year, the venture capital sniffed the market and turned to a contrarian, ie began to stop investing, and asked the seller to only sell or not to buy. "At present, they are gradually drawing investments. It is inevitable that the withdrawal will be made."

Recently visited the local Tibetan city, found that some sellers are in the low-cost trend to clear the hands of the middle and low-grade goods. A salesman of dumped goods admitted that the middle and low-end jades in the market will step out of the Tibetan market and be transferred to the tourism market. It will be a foregone conclusion. Therefore, it does not make sense to leave this kind of goods in the hands.

The family investment boutique Jadeite market turned from hot to cold, allowing some enthusiasts to see business opportunities. Some sellers revealed that although the overall market conditions are not good, some investors have invested in Jadeite boutiques in a family manner. A dealer disclosed that she recently sold a jadeite decoration worth tens of millions of yuan. The buyer is a large family in the local area. According to another dealer, there is also a family-owned buyer recently bought a large jadeite ornament worth hundreds of millions yuan. It is reported that investment and collection of jadeite in this way has gradually become common in coastal cities. According to the distributor who revealed the news, the jadeite buyers will all target the jade boutiques that are priced between millions and 10 million yuan each.

Before the hot money entered the hype, the situation of jadeite jade prices has changed, and recently visited the local Tibetan market and found that its prices are now sideways or even declining. Today, its premium trading prices and trading volume have been growing slowly, while low-end and mid-range products have continued to decline.

Jadeite prices went sideways and visited Taigu Antique City, Fortress Hall, Dream Tiger Collection Trading Center, and Southwest International Jewellery City. It was learned that the overall market price and trading volume of Jadeite in the local market are in a sideways or even continued decline.

The news from the jadeite distributors above shows that the overall market price and sales volume of local jadeite at the current stage have fallen by more than 20% from the same period of last year. Especially in the low-end products, some vendors even started selling big sales. However, among them, the pace of price increase has also slowed down significantly, and the trading volume has continued to shrink.