How big is the market for amber?

Amber is a resin fossil that was buried in the ground tens of millions of years ago. After a certain chemical change, it is an organic mineral. Amber has a variety of shapes, and the surface often retains the lines that were created when the resin flowed. Bubbles and ancient insects or plant debris are often seen inside. So, how big is the market for amber?

Beeswax and amber are the same substances, all of which are organic gemstones, but the Chinese are used to refer to the transparent as amber, the opaque as the beeswax, and the industry has the saying "millennium amber, million years of beeswax". There are many places where amber is produced in China, but there are few places where beeswax is produced. More than 90% of the amber in the market is produced abroad. The main source of amber and beeswax is in the Baltic region of northern Europe. With the increasing demand in the Chinese market in the past two years, the raw material production area is in short supply. The imported amber and beeswax bracelets are in good price. About 100,000 yuan, especially the rare Lanpo, because the origin of Dominica has been banned mining, the price is even higher.

The price of beeswax, which is regarded as low-end jade, has risen by 20% to 30% in the market price. Some old waxy waxes with long-term collection value have risen 10 times in three years. A beeswax bracelet, ranging from a few thousand dollars to more than 10,000 yuan. The better-quality beeswax is now soaring to two or three thousand yuan per gram, and the price of fine old beeswax is even far higher than gold.

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