What caused the price of jade to rise by 30% in one year?

This year, the price of jade at Myanmar public auctions has increased by 20%-30% almost every year compared to last year. The price of jade is rising day by day. I believe everyone wants to know what makes the price of jade rise year after year?

Today, China's jade industry must face the cruel reality: on the one hand, the supply of jade raw materials is severely limited, and the market demand is constantly expanding, resulting in supply exceeding demand; on the other hand, jade carvings are restricted by traditional concepts, and consumers' increasingly personalized demands are increasing; this imbalance of internal and external resources has caused jade prices to continue to rise in the Chinese market, but who is the real force behind the rise in jade prices? There are many different opinions.

Resources Myanmar is the world's only supplier of gem-quality jadeite. Jade is a non-renewable resource. The increase in domestic demand in recent years has led to over-exploitation of jade and it is facing resource depletion. Therefore, the Myanmar government has been restricting the export of jade raw stones. Due to restrictions imposed by the Myanmar government and the entry of foreign capital into some jadeite mines, the public auction of rough jadeite was interrupted several times. As shown in some TV dramas, only 2 or 3 pieces of good jadeite could be put on display at a public auction. As a result, the prices of raw materials in Myanmar public auctions have gradually increased. In this way, although the price of jade continued to rise, the transaction volume generally declined, and the situation of "jade having a price but no market" finally formed.

Due to the rising prices of jade raw materials, especially jadeite raw materials, the price increase was the most terrifying, and even formed a price inversion at one point. Many old experts who have been in the jadeite business for most of their lives exclaimed that the price has reached a level that is incomprehensible. Therefore, many jade merchants have to raise prices to prevent the price of selling a finished product from being enough to buy a new jade raw material of the same quality. From the consumer's perspective, the price of jadeite can easily increase from 1,000 yuan last year to 3,000 yuan today.

However, with the positive economic development in recent years, consumers have more idle funds. In addition, the world situation is relatively stable. Many consumers are willing to invest in jade instead of gold. After all, the price increase of gold cannot even keep up with the rate of inflation. Only jade stands out and its price has risen sharply due to the market's pursuit.

In general, the increase in jade prices is a comprehensive reflection of market recognition, the global economic situation and the shortage of jade raw materials themselves. As the situation of the Sino-US trade war becomes clearer, the recovery of the jade market is just around the corner.

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