Source: China News Network
"Up! All went up, and it went up a lot! ”
With the recovery of the domestic consumer market, the jewelry market is also very lively, and the prices of various jewelry such as jadeite, red sapphire, pearl and so on have "risen amazingly". What exactly is the "retaliatory" price increase? Is jewelry that has risen in price much faster than gold worth investing in?
Jadeite prices doubled
Raw material transactions shrank significantly
After three years, jewelers are once again looking forward to the large-scale jewelry exhibition that has been missing for a long time. In March, the Hong Kong and Beijing International Jewelry Exhibitions opened one after another, attracting a large number of jewelers and consumers. At the same time, the news of the skyrocketing price of products has also brushed various jewelry circles.
"It's almost doubled, and the good ones are more than that!" At the Beijing International Jewelry & Gem Fair, which just ended in April, many jade merchants said.
A merchant from the Pingzhou pavilion told Zhongxin Finance that the recent instability in the supply of rough stones in Myanmar has led to intensified competition for upstream raw materials. "There is no good material to come out, the medium and low quality prices are okay, and the high goods are especially rising."
Data show that the total transaction volume of the 58th Myanmar jadeite public market this year is equivalent to about 320 million yuan (about 42.217 million euros), less than one-tenth of the total transaction volume of about 3.6 billion yuan in 2019; A total of 2,150 rough jadeite stones participated in the auction, and even compared with the 7,811 rough stones in the 57th Myanmar Public Auction, the transaction volume fell by more than 70%.
"The situation in Myanmar is unstable, many mining areas are still restricted from mining, and now the material is not good and the price is still high. I don't know how to take the goods, I don't know how to sell, it's hard to do business! A jade merchant who participated in the exhibition complained to Zhongxin Finance.
Colorful treasure quotes are "all void"
Previously, domestic and foreign prices were "disconnected"
Earlier than jadeite, it is the colored treasure category that transmits the price increase signal.
In February this year, the Thai Jewellery Fair opened in Bangkok, and many domestic jewelry practitioners went to participate in the exhibition. The "disconnect" between domestic and foreign color treasure prices has been revealed.
"3 carats of unburned sapphires are hundreds of thousands, and before tens of thousands felt expensive." Some jewelers said on social platforms. As a result, many domestic lottery dealers have urgently adjusted their prices, announcing that the previous pricing has been nullified.
"This year, the increase in red, blue and green is around 30-50%." At the Beijing Jewelry Show, a colored treasure dealer told Zhongxin Finance. He said that due to the impact of the epidemic, the impact of foreign price increases on the domestic market was not obvious, resulting in the previous price inversion. At present, the large increase in domestic market demand has also made the price of the international market rise. "The cost of getting new goods has also become higher."
"The old goods are still the same as before, but the new goods will definitely increase in price." Another treasure dealer said.
Zhongxin Finance noticed that in addition to red and blue treasures, spinels, pearls, etc. also rose sharply, and the increase in high goods was more prominent.
Crazy grab or wait and see?
There was a "boom" in the jewelry market, and jewelers were also shouting hard. For a time, publicity such as "buying is earning" and "it will definitely appreciate after buying" was very popular. According to media reports, since the beginning of this year, jadeite has not only been hot offline sales, but also online jadeite sales have continued to rise.
Golden jade jadeite has always been the mainstream consumer object in the domestic jewelry market, and the consumption increase of color treasure in recent years has gradually become obvious. However, compared with the "rising and buying" gold, can jadeite treasures maintain or even appreciate in value?
Zhongxin Finance noticed that compared with the hard work of jewelers, many consumers showed rational emotions.
"Now that the price is fluctuating so much, it's hard to tell if it's hype." A collector of colored treasures told Zhongxin Finance that in addition to the recovery of the domestic market, many jewelers have gone overseas to purchase a large amount, resulting in an imbalance between supply and demand in the raw material market for a while, and many domestic merchants may also take the opportunity to raise prices. "The jewelry is deep, or wait and see for a while, wait for the price to stabilize before starting."
"As a scarce resource, jewelry prices are actually rising every year." An opal merchant told Zhongxin Finance that despite being a niche jewelry, opal is also facing the problem of reduced production and higher prices in mining areas.
However, she stressed that the real room for appreciation is still a small number of high-end jewelry. "The general public has limited room for the appreciation of jewelry, and they also have to face the problem of second-hand being underpriced, so the main purpose of buying jewelry is consumption itself."