From "your garlic you" to "beans you play", wherever the hot money goes, there is no limit to the "high price". Today, this speculative wind has blown to the jade market. The reporter learned yesterday that due to hot money speculation and other factors, from the year to date, the price of jade (including handicrafts) on the Chongqing market has soared three times in the first half year, among which the most fierce is the Myanmar jadeite.
The price of jade has risen by a factor of three. The original jade bracelet, which can be purchased for more than 3,000 yuan, is now worth more than 5,000 yuan. In the past, more than 5,000 yuan was made of jade ornaments. The current price is more than 8,000 yuan.. Yesterday, the reporter learned from the Jiefangbei major shopping malls' jade counters. In recent months, the price of jade products has risen sharply, with an average increase of 40% to 50%.
"The biggest increase is jade and other high-end goods." Hao Jinzhu, executive director of the China Jewelry & Jewellery Industry Association and vice president of the Chongqing Collection Association, said that high-end jade, such as glass seeds, ice seeds, and egg white seeds, has risen two or three times in price in half a year. Take the slightly colored ice jade bracelet as an example, the price was only 5 to 60,000 yuan per month at the beginning of the year, and now the price has risen to more than 100,000 yuan.
Hot money speculation to raise the price of jade high jade prices why there will be skyrocketing, all parties have different views. Hao Jinzhu believes that this is mainly because jade is a scarce resource. In recent years, resources have dropped dramatically. “I think that the recent price hike is also related to speculation in hot money.†Mr. Lin, a Taiwanese businessman who has been distributing jade products throughout the country, said that because of the sluggish stock market and the introduction of the property market control policy, a large amount of hot money has advanced into the jade market.
Although we cannot grasp the specific data on hot money speculation, it has been reported that since this year, only China’s hot money that has fought in the jade market in Myanmar has reached about 3 billion yuan. These hot money mainly come from coal traders in Shanxi, small and medium-sized real estate developers in Guangdong, and merchants in Fujian and Zhejiang Wenzhou. They are mainly targeting the jade stone in Burma and are spending hundreds of millions of dollars to buy goods. It is understood that from January to June this year, the price of crude jade in Myanmar has risen by more than 30%. The price increase wind has been transmitted to domestic jade finished products market, which has increased the price of various jade products such as Xinjiang Hetian jade. Xu Xue, a Chongqing businessman, said that she has a jade craft factory on the coast and she is currently facing pressure to increase costs.
Two Chongqing people rid themselves of billions of dollars of fried jade Burmese fried jade in the army, there are many people in Chongqing. The news from the City Collection Association stated that three months ago, two Chongqing people spent nearly 100 million yuan to purchase a large number of Burmese jade and jade crafts. “These two people are my friends, one was a real estate family and the other was a clothing business.†Hao Jinzhu revealed that one of the 50-year-old clothing owners had spotted the investment of tens of millions of dollars in the jade. Not long ago, he had just dealt with a quarter of his jade products and he was fishing back."
The industry’s view of the high risk of abnormally high prices of jade needs to be cautious. “In recent days, the price of rough jade and handicrafts has skyrocketed. It is not normal.†Mr. Lin, who is doing the jade distribution business, said that from the past few years, mahogany tea and Puer tea have To garlic and mung bean, these products are all due to hot money speculation, leading to irrational price increases.
He said that the current jade market price fluctuations, "virtual fire" is very prosperous, the trend so many people in the industry are puzzled. In this case, there is also a high risk. If there is a lack of knowledge about jade discrimination, even if there is idle money on hand, not everyone can afford this “gameâ€.
The price of jade has risen by a factor of three. The original jade bracelet, which can be purchased for more than 3,000 yuan, is now worth more than 5,000 yuan. In the past, more than 5,000 yuan was made of jade ornaments. The current price is more than 8,000 yuan.. Yesterday, the reporter learned from the Jiefangbei major shopping malls' jade counters. In recent months, the price of jade products has risen sharply, with an average increase of 40% to 50%.
"The biggest increase is jade and other high-end goods." Hao Jinzhu, executive director of the China Jewelry & Jewellery Industry Association and vice president of the Chongqing Collection Association, said that high-end jade, such as glass seeds, ice seeds, and egg white seeds, has risen two or three times in price in half a year. Take the slightly colored ice jade bracelet as an example, the price was only 5 to 60,000 yuan per month at the beginning of the year, and now the price has risen to more than 100,000 yuan.
Hot money speculation to raise the price of jade high jade prices why there will be skyrocketing, all parties have different views. Hao Jinzhu believes that this is mainly because jade is a scarce resource. In recent years, resources have dropped dramatically. “I think that the recent price hike is also related to speculation in hot money.†Mr. Lin, a Taiwanese businessman who has been distributing jade products throughout the country, said that because of the sluggish stock market and the introduction of the property market control policy, a large amount of hot money has advanced into the jade market.
Although we cannot grasp the specific data on hot money speculation, it has been reported that since this year, only China’s hot money that has fought in the jade market in Myanmar has reached about 3 billion yuan. These hot money mainly come from coal traders in Shanxi, small and medium-sized real estate developers in Guangdong, and merchants in Fujian and Zhejiang Wenzhou. They are mainly targeting the jade stone in Burma and are spending hundreds of millions of dollars to buy goods. It is understood that from January to June this year, the price of crude jade in Myanmar has risen by more than 30%. The price increase wind has been transmitted to domestic jade finished products market, which has increased the price of various jade products such as Xinjiang Hetian jade. Xu Xue, a Chongqing businessman, said that she has a jade craft factory on the coast and she is currently facing pressure to increase costs.
Two Chongqing people rid themselves of billions of dollars of fried jade Burmese fried jade in the army, there are many people in Chongqing. The news from the City Collection Association stated that three months ago, two Chongqing people spent nearly 100 million yuan to purchase a large number of Burmese jade and jade crafts. “These two people are my friends, one was a real estate family and the other was a clothing business.†Hao Jinzhu revealed that one of the 50-year-old clothing owners had spotted the investment of tens of millions of dollars in the jade. Not long ago, he had just dealt with a quarter of his jade products and he was fishing back."
The industry’s view of the high risk of abnormally high prices of jade needs to be cautious. “In recent days, the price of rough jade and handicrafts has skyrocketed. It is not normal.†Mr. Lin, who is doing the jade distribution business, said that from the past few years, mahogany tea and Puer tea have To garlic and mung bean, these products are all due to hot money speculation, leading to irrational price increases.
He said that the current jade market price fluctuations, "virtual fire" is very prosperous, the trend so many people in the industry are puzzled. In this case, there is also a high risk. If there is a lack of knowledge about jade discrimination, even if there is idle money on hand, not everyone can afford this “gameâ€.
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