The "Four Heavenly Kings" of Jade are so expensive that it makes you question your life! Is it really worth it?

The price of jade is as unpredictable as its unique quality, water color, and value. Especially some top-grade high-quality jade, the prices are so expensive that make people question their lives, such as the legendary "Four Heavenly Kings" of jade .

1. The Great Wall of China – 560 million

The Jade Great Wall, which was unveiled at the 26th Paris Antiques Biennale, is made of top-grade jade and has a market price of 560 million yuan, making it the most expensive jewelry at the exhibition.

2. Peerless Beauty – 300 million

The jade set consists of 9 glass-green egg-shaped jades with good water quality, fine texture, bright and uniform color, without any impurities, and high transparency. It is a jade treasure rarely seen in a century, and its current market value is close to 300 million.

3. Zhaoyi Star – 600 million

The extremely beautiful and rare ice-type violet jadeite is gorgeous and bright, and its current total value has reached about 600 million yuan.

4. Barbara Hutton Pearl Necklace – $214 million

The old collection of legendary socialite Barbara Hutton was sold at a sky-high price of HK$214 million.

It is well known that jade is expensive. Ordinary jade starts at thousands of yuan, and better ones cost five or six figures. However, jade worth hundreds of millions of yuan still makes people doubtful. Is it really worth it?

Let’s take a look at industry insiders’ analysis of jade prices.

How does the price of jadeite come about?

There are many kinds of prices for jadeite, such as retail price, replacement price, market wholesale transaction price, pawn mortgage price, cash price, etc. Among them, the most important thing is to determine the market wholesale transaction price.

Market wholesale is a transaction between experts, so it is also called expert transaction price, or expert price for short. As the base price, other prices are based on the coefficient of the expert price.

How is the expert price obtained?

Anyone who has studied economics knows that selling price is often equal to cost plus profit , but the pricing of jade is not that simple.

There are two main sources of goods for experts in the market. One is to purchase finished products and then resell them. The purchase price is used as the cost, which is indeed a reference for the resale price. This is called "cost-based mastering" in the industry. However, in actual sales, if the pricing is inaccurate, the goods may not be sold after the price is increased, or they may be sold at a loss.

The second is to purchase raw materials, design and process them into goods and then sell them. Jade raw materials are called gambling stones. There is a saying that "one cut makes you poor, one cut makes you rich, and one cut makes you covered with sackcloth". The final value of the finished product is often very different from the cost of purchasing the raw stone , so it is not suitable for pricing method that uses cost as wholesale price.

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