Emerald prices may drop again
According to network transmission, jadeite prices may drop again next year. Experts say that due to the large amount of jadeite inventories, prices are expected to return to the rational range. Recently, in a jewellery industry activity, Sun Fengmin, secretary-general of the China Jewellery and Jade Jewelry Industry Association, expressed his own opinion on the recent price of jadeite jade. In the next three to five years, the jadeite stocks on the on-site market will not necessarily be digested by the market. So the price of jadeite is very likely to go down and return to a suitable price. Although the price of jadeite rose a great deal in previous years, it is undeniable that there is some moisture in it. After the water is squeezed out, the price of jadeite will not be known yet, but the price drop is inevitable. It is understood that there is a very large amount of backlogs of medium- and low-grade jadeite stocks, and this part is the most rapid increase in prices in recent years. Experts analyze that at present the jadeite market presents a situation that is too large in the middle, and a large number of goods are blocked in the intermediate links. Some of these jadeite products have chosen not to sell because sellers are looking for higher profits. However, a large number of jadeite accumulations cannot be circulated within three to five years. This will hurt the jadeite market. Some people claimed that until a suitable time, the price of jade may be reduced again because of this part of the product.
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