Demand for jadeite raw materials remains strong in various countries

At the recent Hong Kong Sotheby's "Magnificent Jewellery and Jadeite Jewellery" spring auction, the natural jade bead necklace from the legendary lady Barbara Hutton was tendered by seven bidders for more than 40 bids over 20 minutes. Afterwards, it was eventually won by a telephone bidder for HK$214 million (including commissions) to refresh the world auction record of jade jewelry. According to industry sources, it was Cartier who took away this necklace.

Jewellery Shangpin went to Hong Kong to auction "Hong Kong Spring Auctions, American Legend's Three Generations' Barbara Hutton's Old Natural Jade Bead Necklace started at HK$88 million and HK$190 million (excluding commissions) fell to over 20 years Nearly six times the previous successful results changed hands, but this time I do not know who was lucky enough to collect.” Collector Ma Deguang sighed on Weibo.

According to industry insiders, this necklace first appeared in the auction market in 1988 and was sold for US$2 million, becoming the world's highest auctioned jade jewelry price. Six years later, this necklace was shot again in Hong Kong, and the transaction price soared to 4.2 million US dollars, more than doubled the price.

In the jewellery Shangpin auction section, Hong Kong has always been one of the centers of interest in Asia and the world. The auction sales of large jewelry auctions in the Mainland cannot be compared with Hong Kong. One mainland auction house person, who asked not to be named, believes that the main reason for this difference is the difference in collection habits and concepts, but the important difference is in the taxation policy. “A good thing to collect is to shoot on the mainland. The procedure is complicated. Even if it comes in, the tax rate is high. In Hong Kong, these troubles are eliminated. This is the driving force behind the mainland's auction houses entering Hong Kong in recent years to open a 'semicolon.' ”

The demand for raw materials in various countries is strong in the upstream of the industrial chain. Although there has been news that Myanmar’s relevant management departments have requested that all publicly traded wool should not be exported in the form of rough stones, some processing such as slicing is required. However, according to foreign media reports, the latest data released by the Ministry of National Planning and Economic Development of Myanmar shows that the import and export volume of jadeite jade in Myanmar reached 920 million U.S. dollars in the third quarter of 2013, which is more than 12 years ago. One in a minute.

Ms. Shen believes that this reflects the strong demand for jadeite raw materials in various countries. "You must do this and you must use the inventory that was used to process it. The price of raw materials has risen. If other people choose to follow up, we have to continue to eat within our capacity, otherwise the business will not do it. It's up."

In her view, the domestic average consumer prefers jade bracelets. "From a craft point of view, making bracelets requires a lot of raw materials, and you can't use corners and spares like other small items or carvings."