By OGP Reporters / Members Contribute File Photos
Oh Good Party
The rarity of jadeite is the reason behind its price increase. Unlike gold and diamonds , which can be mined anywhere, jadeite can only be found in Myanmar's Hpakant Township and the Uru River regions. The price of jadeite is increasing at a 30 percent annual rate. In addition, the government of Myanmar's decision to shut down its jade mines has caused prices to skyrocket. Even regular jadeite falls within this category. The cost of regular jadeite has doubled, while the cost of high-quality jadeite has climbed by more than 300 percent.
"Gold has a price, but jade is priceless," some say. Even the most valuable becomes a valued commodity as long as it is on the market.
Jadeite is referred to as the "King of Jades." It is the best quality of all jades, and its texture and colour are frequently appreciated. As a finite resource, the remaining amount of jadeite has decreased significantly after being mined. The rarity of jadeite is not the only quality contributing to the high number of sales. In comparison with other collectibles, jadeite possesses a relatively smaller investment risk as well as a higher rate of return. As a collectible, jadeite is also practical in many ways. It can be worn, it can symbolize wealth and status and it can be passed down down the generations as a family heirloom.
The most significant aspect is that it provides investment growth and aids in asset risk diversification. It has the highest concentration of wealth and is a low-risk investment option.
The overall auction amount at Sotheby's Spring Auction on April 7, 2014 exceeded 831,603,750 Hong Kong dollars. Barbara Hutton's "Hutton-Mdivani Necklace" was auctioned, breaking the global record for the most expensive jadeite auction item. This necklace is made up of 27 natural jadeite beads from the final Qing dynasty's royal palace. With diameters ranging from 15.4 to 19.2 mm, each jadeite bead was polished from the highest quality jadeite. This necklace was first auctioned in 1988, and it went for $2,000,000 USD, setting a new record for a jadeite necklace at the time. It was auctioned in Hong Kong six years later and sold for $4,200,000 USD, more than doubling the previous record. Finally, in 2014, Sotheby's auctioned this necklace for a starting price of 88 million Hong Kong dollars, which was then raised to 190 million Hong Kong dollars. The total amount of the deal was 214 million Hong Kong dollars.
The latest auction provided a strong indicator of jadeite's value and market situation.
When the market for a certain item, such as jadeite, is strong, it doesn't indicate that people who are currently in a weak market are out of luck. The rarity of jadeite is the reason behind its price increase. Unlike gold and diamonds , which can be mined anywhere, jadeite can only be found in Myanmar's Hpakant Township and the Uru River regions. The price of jadeite is increasing at a 30 percent annual rate. In addition, the government of Myanmar's decision to shut down its jadeite mines has caused prices to skyrocket. Even regular jadeite falls within this category. The cost of regular jadeite has doubled, while the cost of high-quality jadeite has climbed by more than 300 percent. The price of highest quality jadeite has surpassed that of rare items. To prepare for countermeasures, many jewellers and industry insiders are accumulating enormous quantities of items. Due to a present scarcity of raw materials, The price of jadeite has soared as a result of the conditions.
The jadeite market appeared to be in a condition of collapse in 2015. However, it was a bipolar situation, with higher-quality jadeite prospering while lower-quality jadeite suffering from a lack of demand. Jadeite transactions are frequently conducted in private groups, where the vendor and buyer are acquainted; the sales amount frequently exceeds the awareness of outsiders, even surpassing the overall sales amount through auction agencies. The Spring 2015 jadeite auction held by China Guardian Auctions and Poly Auction grossed about 100 million yuan. The current market and pricing are continually communicated to our members. Jadeites valued tens of thousands of dollars are unlikely to be worth collecting. When buying jadeite worth more than a million dollars, it's a good idea to go for the "million dollar jadeite." Jadeites valued tens of thousands of dollars are probably not worth collecting. When buying jadeite worth more than a million dollars, it's a good idea to enlist the advice of experts or seasoned collectors.
It is necessary to estimate the price of the jadeite. If buying through a comprador, the common method is to calculate the base cost including the raw materials, processing, managing, shipping, taxes and tariffs, human resources, etc. Advanced services include designing as well. Out of all these, the market price of the raw jadeite is justified through its quality, while the rest all depend on the region and cost of labour. If purchasing on your own, the best method is to compare the market prices of various regions. The same type of products all hold different market prices, common prices, and sales prices. This is the most suitable when purchasing works by a renowned designer. Another option is through an auction, where the final bid is simultaneously the market price.
Regardless of the time and market, buyers want lower prices and sellers desire profits, facilitating the phenomenon of large amounts of poor quality products. You must decide if you want the quality or the discount. High quality at a low price is only a sales pitch - you always get what you pay for.
The most valuable jadeite jewellery in the jade auction field right now is imperial green jadeite jewellery, as well as recognised old mine glassy species jadeite with a long history and is known for its relatively large output and excellent quality, and looks as translucent as glass. It's the most valuable and uncommon jadeite variety. Smooth, pure, and high-saturation jadeite with a semitransparent emerald-green colour. It is exceedingly rare in the market because to its scarcity, and jewellery made from it is a rare product sought for by high-end collectors. The output of high-grade jadeite mined in Myanmar has declined year after year in recent years, making imperial green jadeite jewellery even rarer and more expensive.
Jadeite is deemed high-grade if one or more of the properties listed above are present. As a result, the "imperial green jadeite," which possesses the highest level of the aforementioned attributes, is unquestionably the best and most valuable.