Rising Demand and Scarce Supplies Drive Jewellery...
China News
April 16, 2024
The Chinese jadeite market is experiencing a surge in prices fueled by a combination of high demand and dwindling supplies. Retailers in Foshan, a major hub for jadeite jewelry, report significant price hikes, particularly for premium-quality pieces. The shortage of uncut stones from Myanmar, the world's leading supplier of jadeite, is cited as a primary factor driving the price increase. This trend underscores the growing popularity of jadeite jewellery among Chinese consumers.