Jadeite Market 2025: An Era of Value Return and Rational Collecting

Jadeite Market 2025: An Era of Value Return and Rational Collecting
2025年翡翠市場行情解析：價值回歸與理性收藏的時代

This article focuses on 2025 jadeite market trends.

As we enter 2025, the global jadeite market is undergoing a profound structural transformation. The once “crazy stone” is gradually shedding its speculative allure, replaced by a new pattern of value-driven, quality-first, and rational collecting. Under the combined influence of macroeconomic fluctuations, resource depletion, and evolving consumer attitudes, the value system of jadeite is being reshaped. Truly high-quality jadeite not only demonstrates strong resilience against market downturns but also becomes a scarce asset embodying both aesthetic and financial value.

進入2025年，全球翡翠市場（2025 jadeite market trends）正經歷一場深刻的結構性轉變。曾經「瘋狂的石頭」逐漸褪去投機光環，取而代之的是價值導向、品質為王、理性收藏的新格局。在宏觀經濟波動、資源枯竭與消費觀念升級的多重影響下，翡翠的價值體系正在重塑。真正優質的翡翠不僅展現出強勁的抗跌性，更成為兼具美學價值與資產屬性的稀缺資產。

I. Market Overview: Growing Division, Strength in Quality

一、市場行情總覽：分化加劇，優質恆強

The current jadeite market shows a clear “polarization” trend:
當前翡翠市場呈現出明顯的「兩極分化」趨勢：

High-End Jadeite Remains Stable with Slight Increases: Glass-type and high ice-type jadeite with excellent texture, transparency, and color—especially rough stones and finished pieces from famous Myanmar mining sites like Moxisha and Muna—continue to rise in auction markets. At Sotheby’s Hong Kong Autumn Auction 2024, a glass-type green jadeite bead necklace sold for over HKD 120 million, setting a yearly record and demonstrating the value retention of top-tier jadeite.
高端翡翠穩中有升：種水色俱佳的玻璃種、高冰種滿綠翡翠，尤其是出自緬甸著名場口（如莫西沙、木那）的原石及成品，在拍賣市場持續走高。2024年蘇富比香港秋拍中，一條滿綠玻璃種翡翠珠鏈以逾1.2億港元成交，創下年度新高，彰顯頂級翡翠的保值能力。
Mid to Low-End Products Stabilize or Decline: Prices for ordinary jadeite with coarse texture, uneven color, or impurities have stabilized or decreased. Consumers’ pursuit of “authenticity, refinement, and beauty” makes it difficult for low-quality products to maintain inflated prices.
中低端產品價格平穩或回調：種嫩、色偏、雜質多的普通翡翠價格趨於穩定或回調。消費者對「真、精、美」的追求，使得低質產品難以維持虛高價位。
Rough Stone Market Becomes More Rational: The Myanmar government has strengthened mineral control, and resources in main mining areas like Hpakant are depleting. The supply of high-quality rough stones continues to decrease. Water stones and old pit materials remain firm in price, while ordinary mountain materials trade slowly. The market now emphasizes scientific evaluation and risk control.
原石市場趨於理性：緬甸政府加強礦產管控，加之帕敢等主礦區資源日益枯竭，高品質原石供應持續減少。水石、老坑料價格堅挺，而普通山料交易清淡，市場更注重科學評估與風險控制。

II. The Five Core Dimensions of Jadeite Value

二、翡翠價值的五大核心維度

Jadeite value is determined by a comprehensive system of five elements: texture (種), transparency (水), color (色), base (底), and craftsmanship (工).
翡翠的價值並非由單一因素決定，而是由種、水、色、底、工五大要素共同構成的綜合體系。

Texture (種): The Vitality of Material
“Texture” refers to the density and structural stability of internal mineral particles. Fine-textured jadeite (e.g., glass-type, ice-type) has a lustrous, durable surface, while coarse-textured jadeite tends to lose moisture and dry out. Texture directly determines the “vitality” and longevity of jadeite.
種：質地的生命力
「種」指翡翠內部礦物顆粒的緻密程度與結構穩定性。種老者結構細膩、耐久性強，如玻璃種、冰種，光澤如脂，經久不衰；種嫩者易失水、變乾。種質直接決定翡翠的「生命力」與收藏年限。
Transparency (水): The Spirit of Clarity
“Water head” reflects transparency and gloss. High transparency allows natural light penetration, making jadeite appear crystal-clear and moist, as if containing flowing vitality. High transparency significantly enhances color brightness and overall beauty, a hallmark of high-end jadeite.
水：通透的靈性
「水頭」體現翡翠的透明度與光澤感。水足者光線穿透自然，顯得晶瑩潤澤，彷彿蘊含流動的生命力。高水頭能顯著提升顏色的鮮豔度與整體美感，是高端翡翠的標配。
Color (色): The Gift of Nature
Green is the most valued color, especially imperial green and vibrant emerald green with “pure, bright, intense, even” qualities. Other colors like violet, red, yellow, and black jadeite are also highly sought after. Naturalness, distribution, and saturation of color are key to value assessment.
色：自然的饋贈
翡翠以綠為尊，尤以「正、陽、濃、勻」的帝王綠、翠綠色最為珍貴。此外，紫羅蘭、紅翡、黃翡、墨翠等特色色系也備受青睞。顏色的天然性、分布均勻度與飽和度，是評估價值的關鍵。
Base (底): The Purity of Background
The “base” refers to the overall background texture, which should be clean, fine, and free of obvious cotton絮, black spots, or impurities. A clean base highlights color and gloss, improving overall appearance. A gray or dirty base severely affects value.
底：純淨的背景
「底子」指翡翠的整體質地背景，要求乾淨、細膩、無明顯棉絮、黑點或雜質。底子乾淨能突出顏色與光澤，提升整體觀感。底灰、底髒則嚴重影響價值。
Craftsmanship (工): The升华 of Artistry
For finished products, craftsmanship is a value amplifier. Works by famous carvers with smooth lines and balanced proportions not only showcase the beauty of the material but also endow it with cultural and artistic value. Plain surfaces like bracelets and cabochons rely more on the quality of the material itself.
工：匠心的昇華
對於成品而言，工藝是價值的放大器。名家雕刻、線條流暢、比例協調的作品，不僅能展現玉料之美，更賦予其文化內涵與藝術價值。素面類如手鐲、蛋面，則更考驗玉料本身的品質。

III. Core Factors Driving Value

三、驅動價值的核心因素

Resource Scarcity
High-quality jadeite deposits in Myanmar have been mined for over a century, with production of high-grade rough stones declining yearly. Secondary water stones, naturally selected and stable in quality, are extremely limited in reserves, possessing inherent scarcity.
資源稀缺性
緬甸優質翡翠礦藏已開採逾百年，高品級原石產量逐年下降。尤其是次生水石，歷經自然篩選，玉質穩定，但儲量極為有限，具備天然的稀缺屬性。
Cultural Identity and Aesthetic Heritage
Jadeite symbolizes luck, wealth, and virtue in Chinese and East Asian cultures, carrying millennia of jade culture. Its warm and含蓄 temperament aligns with Eastern aesthetic spirit, giving it irreplaceable cultural value.
文化認同與審美傳承
翡翠在中國及東亞文化中象徵吉祥、富貴與德行，承載千年玉文化。其溫潤內斂的氣質，契合東方美學精神，具有不可替代的文化價值。
Inflation Resistance and Asset Allocation Function
Amid global monetary easing and increased asset volatility, physical assets attract attention. High-quality jadeite, due to its rarity, portability, and high unit price, becomes a choice for diversified asset allocation among high-net-worth individuals.
抗通膨與資產配置功能
在全球貨幣寬鬆與資產波動加劇的背景下，實物資產備受關注。優質翡翠因其稀有性、便攜性與高單價，成為高淨值人群多元化資產配置的選擇之一。
Sustainable Consumption Trends
New-generation consumers focus more on “authenticity assurance” and “value transparency.” Authoritative鉴定 certificates, traceability information, and craftsmanship stories become important references for purchasing decisions, promoting market standardization.
可持續消費趨勢
新一代消費者更注重「真品保障」與「價值透明」。權威鑑定證書、溯源信息、工藝故事成為購買決策的重要參考，推動市場向規範化發展。

IV. Investment and Collection Advice: Return to Essence, Long-Term Holding

四、投資與收藏建議：回歸本質，長期持有

In the current market environment, jadeite investment should abandon the illusion of “getting rich through gambling on stones” and turn to a professional, rational, and long-term collection path:
在當前市場環境下，翡翠投資應摒棄「賭石暴富」的幻想，轉向專業化、理性化、長期化的收藏路徑：

Select High-Grade Materials: Focus on rough stones or plain finished products with excellent texture, transparency, and color from famous pits, avoiding reliance on雕刻 to conceal flaws.
優選高品級原料：關注種水色俱佳、出自名坑的原石或素面成品，避免過度依賴雕工掩蓋瑕疵。
Emphasize Identification and Traceability: Always request鉴定 certificates from authoritative institutions to ensure natural type A jadeite.
重視鑑定與溯源：購買時務必索要權威機構出具的鑑定證書，確保天然A貨。
Long-Term Holding for Appreciation: The value of high-quality jadeite grows in a “slow bull” trend, suitable for mid-to-long-term holding to resist inflation.
長期持有，靜待升值：優質翡翠價值增長呈「慢牛」趨勢，適合中長期持有，抵禦通膨。
Focus on Artistic and Cultural Added Value: Works by famous artists, limited series, and culturally themed designs have greater collection potential.
關注藝術與文化附加值：名家作品、限量系列、文化主題設計更具收藏潛力。

Conclusion

結語

The jadeite market of 2025 has moved from noise to沉淀. True value no longer stems from speculation but from natural quality, cultural depth, and time precipitation. When the glamour fades, only those jadeites with fine texture, high transparency, pure color, and clean base still shine under the light, telling the miracle of nature and human aesthetic pursuit. In this era of rational return, the value of jadeite is being redefined—it is not only an ornament but also a natural marvel and cultural asset that can be passed down through generations.

2025年的翡翠市場（2025 jadeite market trends），已從喧囂走向沉澱。真正的價值，不再源於炒作，而在於天然品質、文化深度與時間沉澱。當浮華散去，唯有那些種老水足、色正底淨的翡翠，依然在光線下熠熠生輝，訴說著大地的奇蹟與人類的審美追求。在這個理性回歸的時代，翡翠的價值正被重新定義——它不僅是裝飾，更是可以傳世的自然瑰寶與文化資產。

Jadeite Market 2025: An Era of Value Return and Rational Collecting