While jadeite has always held an exalted position amongst other gemstones within the Chinese psyche, in recent years, jadeite has garnered even more attention - mainly as a result of the growing middle-class and newly rich in China. Even the younger generation of Chinese have started to view jade as more than their grandmother or mother`s jewellery. As a result, jadeite prices have increased exponentially within the last decade, and the prices of raw material is also reflected in this trend.
Anecdotal evidence has cash-flushed property developers financing jade merchants, and indirectly ballooning the already sky-high prices even more.
For a look at the prices for raw materials, take a look at this news report.
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