Jade article quoted by hot money pushed up expert tips

The fiery domestic jade market has allowed more and more foreign jades of different quality to rush to share a share.

Under the background of the unabated reduction in the popularity of the collection market, the “potential shares” that jade originally grew up in silence have also shaken the spirit. Nowadays, the jade market enters a cyclical peak season, and prices have been so high that scholars, traders, and collectors have been staggering. Is high price a bubble or a return to value? After the transaction is a deep house collection or "drum pass"?

New market

Hot money raises virtual fire

The auction market may be the most obvious indicator of jade price growth. Take jade and India as an example. In 2005, Christie's Spring Auction in Hong Kong, Qing Emperor Qianlong and Jasper Dragon Wanquanzhuang were sold for HK$4.376 million; in 2007, Hong Kong Christie’s Spring Auction, Qingxi Kangxi Shoushan stone carving son and Lion Bao Niu Bao’s price was HK$7.264 million. In 2008 Hong Kong Sotheby's autumn auction, the Qing Dynasty Qianlong Long Yao white jade long Fang Yi price was 10.74 million Hong Kong dollars, the Qinglong Longjiao and Handan Qingyu transaction price was 18.58 million Hong Kong dollar; 2009 Hong Kong Sotheby's autumn auction , Qing Long Qiang Zhu Long Youshan Shoushan Stone Handan transaction price of 14.1 million Hong Kong dollars. Last year, the madness of jade in the auction market was particularly prominent. In April, Hong Kong Sotheby's auction, the price of the Qing Dynasty Qianlong Baiyuyuan was HK$84.35 million. In 2007, this jadeite was sold at the Sotheby’s auction in Hong Kong. Taken for HK$46.25 million, the auction price has nearly doubled in less than three years.

The auction market's favor for jade has led directly to the heat island effect. This hot market quickly spread to the entire jade trading market.

According to Yu Ming, deputy director of the Jade Culture Research Center of Peking University, the jade market is mainly divided into two markets, namely Jade and Hetian jade. As far as the Jade market is concerned, the market price of Jade in 2010 has increased compared with 2009. High-end jade rose 2-5 times, although the low-end market did not change much, but the increase also reached 20%. In the Hetian jade market, the price of high-end seed materials has risen four or five times in the year of 2010. The average price has more than doubled each quarter, and the low-end market has probably risen about twice. "This kind of rise is indeed unexpected, but it is not difficult to understand." In Ming's opinion, it is precisely because of the surge in demand for value-added and preservation of the current collection that has driven the rapid rise in prices. “Whether it is Tibetan jade or jade, the quality of the collection itself is very important. Only high-end materials have the value of collecting investment, so the upward trend is more prominent, while the relatively low-end material is more stable in price fluctuations.” Yu Ming said . In this regard, Li Yanjun, Dean of the Institute of Traditional Culture of Beijing Oriental University, also stated that a major cause of the increase in the price of jade is the capital game. Hot money constantly seeks new exports under the pressure of regulation and control, resulting in obvious price fluctuations in jade in 2010. . “In addition, the rise in gold prices in 2010 has pushed up the price of jadeite to a large extent. The rise of Baiyu has not seen the market so prosperous. It is very likely that this spring festival will be pulled back.” said Li Yanjun.

Identify the market

Miscellaneous goods follow the market

Take Hetian jade as an example. Due to the shortage of Xinjiang Hetian jade resources and hot investment, the high prices limit the purchasing power of many people. “A lot of jade processing companies all over the country have extended their tentacles abroad to find inexpensive raw materials as alternatives to Xinjiang Hetian jade.” Li Yanjun analyzed, “In foreign countries, jade consumption is far from domestic fiery, there is no annual exploitation, resources It is relatively abundant and the price is not high. Jade material produced in Canada, Russia, South Korea and other places does not have a market in the region, so we have a good chance to export a large amount of jade material to China."

"Actually, since the 1980s and 1990s, Russia and Canada began to export jade to China, but it has only gradually become a scale in recent years." According to Li Yanjun, Russian jade, Canadian jade, and Korean jade are almost 500 tons per year. The import volume, to a certain extent, makes up for the lack of domestic jade resources, and its relatively low price can also satisfy more people's demand for purchasing Tibet.

However, in the face of a large number of foreign jades entering the Chinese market that are short of fashion, many people seem to find it difficult to understand and see thoroughly through time, and many problems accompany them.

In 2004, China's “Jade Jewels Family Standard” promulgated, “Hetian Yu” unified all the physical and chemical properties of tremolite, white jade, including Xinjiang Hetian jade, Qinghai jade, Russian jade. Hetian jade is clearly used as a synonym for stone production. Like marble, it does not have meaning of origin. “Almost 95% of Hetian jade products currently on the market are Russian Jade, Canadian Jade, Korean Jade, and Kunlun Jade.” Li Yanjun said that merchants and appraisal agencies are implementing new standards, while the traditional concept of Hetian jade still affects a considerable portion of purchases. This led to some merchants trying to fish in trouble, calling the name "Hetianyu" and concealing their origins to deceive consumers and make huge profits. According to Li Yanjun, the resources of these exotic jade species are not scarce, and the appreciation space is ultimately limited. "If you are involved in investing, selling, and hyping, there is little chance of success."

Eyesight

Identification certificate can not be believed

Behind the boom in the market, jade collections also test Tibetan eyesight and judgment.

For all kinds of “certificate of appraisal” and “expert certification,” Yao Zheng, director of the Jade Collectors Committee of the Chinese Collectors Association, stated that the state has strict qualifications for jewellery and jade quality appraisal agencies. . Its certificate of jewelery and jade needs to have one of CMA, CAL, and CNACL. Despite this, there are often misunderstandings in the identification process. For example, Jadeite A, the authority only proves that the material is natural and has not been manually processed. However, A cargo jade does not necessarily mean that it has expensive value and a huge appreciation space.

Similarly, the identification of Hetian jade also does not identify the origin, but rather the content of the main component, tremolite. Judgment of the quality of the material or need to have a wealth of practical experience.

"2010 was a year of jade harvest, buyers and sellers are happy, Tibetans naturally want their own wealth to get more growth, all hope that jade can become a ladder of wealth growth, but behind the rapid growth of such transactions has a huge Uncertainty," Yu Ming said.

“The fluctuation of jade price may be affected by the social environment, but one thing is to be grasped, that is, correct investment should be based on the correct concept of jade culture, and should not be blindly speculative, so as to stand still. In 2011, the jade market may not be as prosperous as it was in 2010. The greatest possibility is that it will remain basically stable at this level,” Yu Ming said at the same time.