Beijing's jewelry market is currently selling large amounts of money, "hot stir-fried" caused by soaring prices of jade

On the eve of National Day, Xiaoying Jewellery City, Beijing Antique City, Guanyuan Jewelry City, and Tianya Jewelry City frequently trade big orders. People in the industry believe that due to the influence of finance, stock market and housing environment, residents' consumption and investment hot spots have flowed to “hard currency”, leading some investors to focus their financial management on jewelry and precious jewelry.

This reporter learned that in early September, a single purchase of 60 million yuan in the Tianya jewelry city singles, setting a new record for personal consumption of the jewelry city since this month. Li Zhong, Deputy General Manager of Xiaoying Jewelry City, revealed to reporters that the recent big bill of nearly 100 million yuan has also appeared. Zhu Jingyi, general manager of the Beijing Antiques City, said that the single-digit spending of over one million yuan in the most recent month has become more common, with individual merchants appearing in large singles of ten million yuan. Zhang Jintong, deputy general manager of Guanyuan Jewelry City, said that due to the recent warming of jewellery, many jewellery merchants want to enter the high-end jewellery city, but there is no room for tight stores.

Shoushan County, Fujian Province, Zheng Yi tax told reporters that the jewelry collection value-added space is very large, his collection of Tian Huangyu "Eighteen Arhat Decoration" has recently been identified by jewellery experts its value has reached 26 million yuan***.

Feng Yunming, a member of the China Gem and Jade Association, said in an interview with this reporter that the major factor in the surge in the price of jewelry, especially jade, has been hot investment in the market. He admits that from the beginning of this year to now, the price of jade has generally risen by 30%-50%, and the top quality jadeite has skyrocketed by 100%-200%, and it is hard to find. He analyzes that most non-professional investors invest in jewellery to fight inflation, or based on good expectations for the future appreciation of jewellery, they generally choose to hold in the long-term.