Rising prices rumors pervade jade prices rose 50% for half a month

As the headquarters of the world's jade, the news of the recent earthquake in Burma has spread, and the rumors of “emerald jade prices” have spread throughout the area. A survey by the reporter found that in half a month, the purchase price of jade has soared by 50%. However, most businesses indicated that the mining area was not in the earthquake zone and had little impact, and it was not ruled out that some businesses took the opportunity to speculate.

Wuhan Jiucheng Emerald from Myanmar

Yesterday, the reporter saw in the jewelry area on the first floor of the World Trade Center that the jades and jade stones from various brands were all from Myanmar. However, the dealers all said that they have sufficient sources of goods and they are all forward goods from the earthquake. They are not affected by the earthquake. Jin Xiangbao, assistant to the president of Dongfang Jinshao, said that the Burma earthquake had little impact on Jadeite's market. The earthquake area is far from the mine. Even if there is a sense of quake, the emerald wool material itself is wrapped with weathered hull and the earthquake is not bad.

A person familiar with the World Trade Center told reporters that nearly 90% of jadeite jade in Wuhan came from Myanmar, but the earthquake area is not the main jade producing area in Myanmar. The distance between the earthquake site and the mining area is about 300 kilometers, and the impact is not significant. Secondly, many dealers in Wuhan are entering Jade from places like Guangzhou and Shenzhen. They just replenished at the beginning of March and the supply is very abundant. The price of jadeite should not be affected by the earthquake.

Within 5 months, the purchase price soared by 50%

Although the merchants stated that the earthquake had little impact on jadeite, the price of jadeite rose wildly.

“Having stayed for two weeks, the same level of wool was bought on the first and last day, and the price was half the difference.” Wuhan Leijin, the relevant person in charge of Jinshan jewelry, came back from Guangzhou. He said that recently, Jadeite had a price of one day and a green Bracelet. In the past, the price of goods was between 50,000 and 660,000, and it rose to 780,000 within half a month. Jin Xiangbao told reporters that taking an ordinary Guanyin pendant as an example, at the end of last year, the price of goods was about 5,000 yuan. In March this year it rose to 8,000 yuan, and the quality was slightly better.

Jin Xiangbao said that in recent years, because of its curious nature, coupled with strong demand, the price will rise 20% to 30% year after year, the industry has become accustomed to it, but prices have soared since last year, and some even reached 200% growth. The Myanmar government holds an annual public auction of emerald wool. In November last year, the transaction volume of jadeite was the same as last year, but the turnover increased by 50% year-on-year. According to analysis by Jin Xiangbao, in addition to the increase in demand, jade wool is scarce and demand exceeds supply, and it is not ruled out that some businesses may use this “theme” to boost the price of jade.

He Lei believes that as soon as the price of the public market comes out, many businessmen with good materials do not ship at all, and the general price of wool is on the rise. It is difficult to buy good materials in the market. Although the current high prices in the producing areas have not been fully transmitted to the Wuhan market, the industry is concerned that with the continued expansion of the “earthquake effect”, the price of jadeite in the future will have to continue to rise.