Recently, the 52nd Myanmar Jewelry Fair (hereinafter referred to as “Myanmar Public Marketâ€) was closed in 2015. Although the supply of rough stones has increased significantly this year, the Myanmar government has adjusted the rules for the trading of margins in this round of bidding, resulting in a significant reduction in speculative hot money. The turnover has decreased by nearly 80% compared with last year, and the number of people participating in the public competition has also decreased significantly. And the local merchants in Myanmar are more than Chinese businessmen for the first time. Coupled with the bleak retail business of gold and silver jewellery in mainland China this year, the industry generally believes that the price of jadeite is likely to fall back to rationality in the future.
The turnover has shrunk
The Myanmar public market, the emerald raw material auction and trade fair organized by the Myanmar government, is the largest jade trade fair in the world and the vane of the global jade market. It is reported that about 90% of the jade wool in China is imported from Myanmar, and the public bidding part accounts for 80% of the annual import volume. Since 2010, the Myanmar government has strict management of jade resources, and only through the "public" can be traded out, and the rest are considered smuggling. Therefore, the Myanmar Jade Public Market has become the best choice for many jadeite merchants in the country to hoard raw materials.
According to the introduction of the official organizer of the Myanmar government, the number of jade original stones supplied by the original jade jewelry of this year is 8,943, including 335 Ming Biao and 8608 dark marks, which is 1489 more than the 7454 original stones of the previous session. Share.
According to Myanmar media reports, there are about 2,200 Chinese businessmen entering the market this year, and about 3,800 domestic merchants in Myanmar. The number of Myanmar jade merchants exceeds that of Chinese businessmen for the first time. The jade merchants from China have been greatly reduced compared with the previous ones. Some jadeites said that they are about 40% less than the previous Chinese businessmen: "There were seven or eight aircraft from the Jieyang charter to the Myanmar public. I went to three."
It is reported that in the public market in the past few years, many successful bidders did not pick up the goods, causing huge losses to the Myanmar government. For this reason, the Myanmar public order has adjusted some participation rules, including changes in the bid deposit standard. The deposit for the deposit from any original price is 50,000 Euros. The bid deposit for the stone below 1 million Euro is 50,000 Euros. The stone with a price of 1 million Euros or more is a deposit of 5% of the price. The changes in the margin trading rules have made the participants of this public market dominated by experienced experts, and they have lost many unfamiliar hotspot faces.
In the end, the current bid rate of the public is around 80%, which is almost the highest since the 2010 public market. However, compared with previous years, this year's Myanmar public market has significantly "shrinked." In 2014, the final turnover of the Jade Public Market was 2.5 billion Euros. According to incomplete statistics, the base price of nearly 9,000 jade raw materials exhibited this year was roughly 627 million Euros. The final dark mark turnover was about 500 million Euros, compared with last year. A sharp drop of nearly 80%.
High-end jade stone prices are firm
A large green rough stone with a price of 5 million euros was won by a Chinese businessman for 17 million euros and became the "king of the king" this year. Some experts said that this piece of material is estimated to have more than ten jade bracelets and many green pendants. According to the current wholesale market price, a full green bracelet can sell at least several million yuan, and the price of green pendants is also the lowest. More than 50,000 yuan, if it is a retailer's home, then this standard king can certainly make the buyer profitable, and the price of the king who spent more money in the past few years is much higher.
Some jade merchants who participated in the public market said that the high-end variety of jadeite stone in this year's public market still maintained a high transaction price, and the price of the middle and low-end jadeite declined. For example, the price of green jade stone is always high. There is a rough stone composed of 3 color root materials. It is only 7 kilograms thick and green, but the color root position is cracked. It can't be made of bracelets and egg noodles. Only pendants can be made. Greatly affected the overall value. Its starting price is 36,000 euros, and the winning bid price is still 270,000 euros.
Jade market faces adjustment
Some insiders believe that due to the continuous decline of the domestic economy, the depression of the property and the turmoil in the stock market have reduced the liquidity in the market. At the same time, compared with the necessities of life, collectibles and so on are inherently dispensable, so when the overall environment is sluggish this year, the overall situation of the collection market is also more rational. And because the price of jade is too high, it is affected more. Therefore, the change of the domestic jade market is inevitable.
In fact, since last year, the Guangzhou Hualin jade business circle, which is the leader of the mainland jade wholesale market, and the Foshan Pingzhou jade business circle, all have appeared in the jade stalls, and nearly 1/4 booths have switched to other low-cost wenwan accessories. Case. Lin Xiaoyun, a master of arts and crafts in Guangdong Province, pointed out in an interview with the media that at least one-third of the jade practitioners have switched or closed down. The overall market has started to decline since 2012. It is currently the lowest market price, price and The transaction situation has been affected.
Although the Myanmar public market has shrunk significantly in 2015, from this public market, the number of jade merchants who have looked at bids and bids has decreased compared with last year, and the number of professionals has not decreased. This shows that the jade market will strengthen its professionalism from the source. The excellent environment and excellent atmosphere of the jade market is an excellent signal, which means that the jade market will bid farewell to the mixed situation.
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