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In 2010, jadeite experienced a historic turning point. Yangon, Myanmar, became a hotspot for investment, drawing in a massive influx of capital and Chinese jade traders. Two major jade auctions set new records, with prices soaring to an astonishing 10 billion yuan. At that time, speculative money dominated the market, with over 80% to 90% of total transactions coming from high-priced jade stones. This period marked one of the most intense and rapid price surges in the history of jadeite, often referred to as the "crazy stone" era.
Among the most rapidly appreciated jade types were colorlessç³¯ç§ (glutinous) jade, ice type, glass type, green old bean type, and various colored jades such as red, yellow, purple, black, and violet. The jadeite market in China saw a sharp divergence from general inflation trends, with top-tier mid-to-high grade jade products experiencing price increases of up to four times within just six months.
Experts advise collectors and investors to be strategic. First, focus on raw jadeite stones, particularly those mentioned above, and avoid speculative bets without proper knowledge. Second, invest in finished jade products, prioritizing mid-grade and top-quality pieces. Third, stay informed about the Chinese jadeite market and seize opportunities as they arise. In short, understanding the dynamics of this "crazy stone" phenomenon is essential for anyone looking to navigate the jadeite market effectively.