Now that high-end jadeite prices are rising, consumers are just waiting and watching but not buying

In recent years, the art market has become a focus of investment for people, especially jade has gradually become one of the most popular products among consumers. And its price continues to soar. For example, the price of high-quality jadeite has increased nearly two or three times in just one year.

Moreover, the amount of jade mined has been increasing. The total amount mined in the past 20 years has been 10 times more than the total amount mined in the previous 300 years. As we all know, Myanmar is the largest jade producing area in the world. In recent years, high-quality materials have been exhausted. In the past two years, the Myanmar government has also restricted the amount of mining. Those higher-quality jade resources have directly experienced a shortage.

Only mid- and low-end resources were left on the market, which led to a rapid rise in market prices for a while. Since jade has huge potential for appreciation, it has attracted a large number of investors, who have invested all their funds in the jade product market. This malicious speculation has caused inflated prices in the current jade market.

For those who are obsessed with investment, they feel that buying does not count as making money, and only leaving it alone can be considered making money. In recent years, the number of jade merchants and investors has been growing rapidly. Most of the previous investors were professionals or people who were very fond of jade. Now the number of people investing in it has increased a lot, and those who have more money will buy more expensive things to invest.

Those who are short of money will buy some smaller ones to follow the trend. Although its price has been growing rapidly, there has not been much improvement in the retail industry. Many jade stores have very few customers, and these merchants also indicate that their business is now very bleak. Although its price has been rising many times, there are not many good things in their shelves.

Nowadays, most consumers have gradually mastered some knowledge about jade, and as long as they think the price is right, they will buy it immediately. In recent years, the price of jade has risen too fast, which has caused many ordinary consumers to dare not buy it easily. He also said that the entire jade market has fallen into a vicious circle, with upper-end market prices being wildly hyped up. The lower-end retail market, however, is facing a bleak situation. Special consumers have always maintained a wait-and-see attitude towards it and generally will not make a purchase easily.