Q2 2024 Market Analysis Report for Icy Jadeite (Nuozhong)

Q2 2024 Market Analysis Report for Icy Jadeite (Nuozhong)

I. Market Overview and Price Data

In the second quarter of 2024, the market for Icy Jadeite (Nuozhong) generally showed a stable yet upward trend, particularly in the mid-to-high-end quality segment, where demand remained robust. Influenced by the persistent tension in Myanmar's raw jadeite supply and the upgrading of domestic consumption, the price of Nuozhong jadeite remained firm.

Price Range and Fluctuation:

* Ordinary Nuozhong (coarse texture, more cotton): Price range of 500 - 3,000 CNY/piece, with a quarter-on-quarter increase of approximately 2-5%. Primarily bracelets and pendants, with good market liquidity but limited growth.
* Fine Nuozhong (delicate texture, less cotton): Price range of 3,000 - 15,000 CNY/piece, with a quarter-on-quarter increase of approximately 5-8%. This type of Nuozhong, due to its texture close to Ice Jadeite, is favored by consumers, especially bracelets and pendants with good clarity and luster.
* Nuohua Zhong (close to Ice Jadeite, with a gelatinous feel): Price range of 15,000 - 50,000 CNY/piece, with a quarter-on-quarter increase of approximately 8-12%. This segment of Nuozhong possesses high collection and wearing value, showing the strongest market performance, with some exquisite pieces even breaking higher price points.
* High Nuohua Zhong/Nuo-Ice Zhong (close to Ice Jadeite, high transparency): Price range of 50,000 - 200,000+ CNY/piece, with a quarter-on-quarter increase of approximately 10-15%. This type of jadeite already exhibits a certain scarcity, with its investment attributes becoming prominent, and transaction prices repeatedly hitting new highs.

Trading Volume:

The overall trading volume of Nuozhong jadeite in this quarter increased by approximately 10-15% compared to the previous quarter. Online live streaming sales platforms and offline high-end exhibitions were the main transaction channels. The trading activity of mid-to-high-end Nuozhong was significantly higher than that of ordinary Nuozhong, indicating consumers' pursuit of quality.

II. Market Trend Analysis and Forecast

• Significant Trend Towards Quality Consumption: Consumers' awareness of jadeite continues to increase; they no longer blindly pursue low prices but focus more on comprehensive qualities such as clarity, color, and craftsmanship. Finer quality jadeite like Fine Nuozhong and Nuohua Zhong will continue to be sought after.


• Persistent Tension in Raw Stone Supply: Political instability in Myanmar and restrictions on mining operations have led to a reduction in the supply of raw jadeite, and the increase in raw stone prices will directly transmit to the finished product market, supporting the price of Nuozhong jadeite.


• Highlighting Investment and Collection Value: Against the backdrop of increased global economic uncertainty, jadeite, as a scarce hard currency, is increasingly attracting attention for its hedging and value-preserving properties. The investment value of high-quality Nuozhong jadeite will further enhance.


• Growth in Personalized Customization Demand: Consumers' demand for uniqueness and personalization is growing stronger, and customized services will become a new growth point in the market, especially for mid-to-high-end Nuozhong jadeite.

Forecast: It is expected that the Nuozhong jadeite market will continue to maintain steady growth in the next six months to one year. Among them, high-quality Nuohua Zhong and Nuo-Ice Zhong jadeite still have significant room for price appreciation, while ordinary Nuozhong prices will remain stable or see a slight increase.

III. Price Comparison of Different Quality Grades

| Quality Grade | Clarity & Texture Characteristics | Color Characteristics | Price Range (CNY/piece) | Main Product Forms | Investment Advice |
| :---------------------- | :------------------------------------------- | :--------------------------- | :---------------------- | :----------------- | :---------------- |
| Ordinary Nuozhong | Obvious granular feel, coarse texture, more cotton | Bean green, oily green, light white | 500 - 3,000 | Pendants, bracelets | Primarily for wearing |
| Fine Nuozhong | Less obvious granular feel, delicate texture, less cotton | Light green, clear water, light purple | 3,000 - 15,000 | Bracelets, pendants | Self-use, slight appreciation |
| Nuohua Zhong | Delicate texture, gelatinous feel, close to Ice Jadeite | Bright green, clear water, lavender | 15,000 - 50,000 | Bracelets, plaques | Has investment value |
| High Nuohua Zhong/Nuo-Ice Zhong | Very delicate texture, high transparency, close to Ice Jadeite, glowing | Imperial green, emerald green, clear water | 50,000 - 200,000+ | Ring faces, bracelets | Collector-grade investment |

IV. Investment Recommendations

• Prioritize High-Quality Nuozhong: Given the market's pursuit of quality, investors and collectors are advised to prioritize Fine Nuozhong, Nuohua Zhong, and even Nuo-Ice Zhong jadeite. These types of jadeite not only have high wearing value but also greater potential for value preservation and appreciation.


• Focus on Clarity and Color: Under the same clarity conditions, jadeite with vibrant and evenly distributed colors holds higher value. For Nuozhong, colors like clear water green, bright green, and lavender are more popular in the market.


• Pay Attention to Craftsmanship and Flaws: Exquisite carving craftsmanship can enhance jadeite's artistic value. At the same time, carefully check for flaws such as cracks, black spots, or stone lines, as these can severely impact its value.


• Diversify Investments, Hold Long-Term: Jadeite investment is a long-term endeavor. Investors are advised to diversify risks and not concentrate all funds on a single category. For high-quality Nuozhong, long-term holding often yields more substantial returns.


• Choose Reputable Channels for Purchase: When buying jadeite, always choose reputable dealers and request authoritative appraisal certificates to ensure the authenticity and expected quality of the purchase.

Conclusion: The Nuozhong jadeite market showed active performance in the second quarter of 2024, with prices of mid-to-high-end jadeite continuing to rise, demonstrating strong market demand and investment potential. Looking ahead, quality and scarcity will be the main themes of market development, and investors should grasp the trends and make rational decisions.