Dennis Sun, a Hong Kong jewelry collector, has been buying jade for three decades. ..................He estimates the value of a perfect Jadeite necklace he bought some time ago has almost tripled in value to about HK$100 million ( almost US$ 13 million ) Prices are surging because demand is outpacing supply: The value of the precious gem is surging with China’s wealthy snapping up jade as long- term investments. ................. They are counting on the stone’s steady ascent to provide safety as Shanghai’s stock market languishes, much of the bond market remains closed to retail investors and even gold prices have plunged. Jade has been seen as an imperial stone since the Qing dynasty. Jadeite, called “fei cui” in Mandarin, is believed to ward off evil spirits and symbolizes purity and longevity in China.
Posted on: Tue, 20 Aug 2013 05:14:52 +0000
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