Last year, due to the sudden outbreak of the epidemic and the global economic downturn, it was a very difficult year for people from all walks of life, and jade was no exception. From last year to this year, many people have discussed jadeite. So what happened in the jade market in 2020? How did the jade market perform in 2021? What are the future development trends? 1. Jade Market in 2021 In 2020, a lot of things happened, which had varying degrees of impact on the jade market. Since March last year, major mining areas in Myanmar have stopped work and production one after another. What happened later was that the epidemic spread, the jade (ore) export channels were closed, the domestic jade auction in Myanmar was cancelled, the ports were closed and smuggling activities were strictly investigated. Afterwards, Myanmar was affected by the rainy season again. In July, a large landslide occurred in Hpakant, Myanmar, killing more than 100 people. In the following months, several landslides occurred in Myanmar's jade mining areas. It brings great difficulties to the mining of jade and also poses great safety risks to the miners. This series of events directly led to Myanmar’s further regulation and restriction of jade mining, and the supply of raw materials became increasingly scarce! However, these factors did not affect the auction. Despite the economic downturn, jade has always had a high influence in the auction world, and the prices it fetches are often astronomical. In 2020, at the Sotheby's auction in October, a jade necklace led the show. Auction price: HK$62.363 million. It can be seen that people's demand for jade is very strong. People's enthusiasm for jade remains high. 2. Jade market in 2021 By 2021, the industry's general perception of jade can be described in two words: "expensive". As we all know, the domestic supply of jadeite raw stones is extremely dependent on imports from Myanmar. With the continuous expansion of the domestic jade market. Coupled with the influence of Myanmar's mining areas, raw stones are extremely scarce, and people have begun to try all kinds of ways to consume previous stocks. Under this situation, the price of raw stones, especially high-quality raw stones, naturally soared. The overall price increase of jadeite raw stone is about 20%-30%. Among them, the price increase of high-end jadeite raw stones was about 40%-50%. The price increase of mid- and low-end jadeite raw stones is about 10%-20%. As raw material prices rise, this also leads to an increase in the market price of finished jade products. Especially for high-end jadeite, the increase reached 30%-40%. From the perspective of the consumer market, with the rise of live streaming e-commerce, various live streaming rooms have been selling non-stop day and night, creating an industry legend of tens of millions in sales during a live broadcast and hundreds of millions in sales in a month. of Jade has also entered the live broadcast field, the frequency of online transactions has increased significantly, and the consumer group has continued to expand. Bracelets and pendants are particularly popular among people, and the riskier gambling on stones has also attracted many curious players. Therefore, under the condition of scarce raw materials and people's astonishing demand, jade is in short supply and the price increase of jade is natural. 3. Future development trend of jadeite Nowadays, good materials are becoming less and less available and prices are rising higher and higher, but the scale of consumption is still expanding. What should ordinary people collect? As the saying goes, "A one-cent difference in color means a ten-fold difference in price" and "Green is the most respected and purple is the most valuable." In terms of color, the demand for pigments in today's market is growing. Click on the mini program to buy with one click Once those high-quality jadeite materials with old texture and bright color enter the market, they always attract collectors and experienced players. Green jade has great potential for appreciation, violet jade has also been popular among consumers in recent years, and multi-colored jade has always been a hot commodity in the jade market. In terms of size, as good material becomes less available, the size of high-quality jadeite raw stones is becoming smaller and smaller. Although large quantities of spices weighing dozens or hundreds of kilograms are encountered every year, most of them are low-end goods and have not attracted much attention from experts. In the future, perhaps high-quality large sculptures will become increasingly rare and their prices will become increasingly higher. The market is becoming increasingly difficult to come across. In the following period of time, the prices of small fine products have risen sharply, and the value of high-quality large carvings is incomparable, and their collection value is increasing day by day. For those collectors who bought high-end fine jadeite early on, whether it is large ornaments or large carvings, they can be said to be the big winners of this overall jadeite price increase!
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