Amber prices soaring
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In an amber store on the Changjiang Road, customers are bargaining for amber and the merchants. Although they feel that the price is high, they still bought the string of 6-plus amber chains.
Natural amber prices have been climbing since 2005 and have almost doubled in the last year alone.
The customer group is getting wider and wider. “The customer group of amber was very narrow in the previous two years, and they have changed very much in the past two years. Everyone likes this kind of jewelry.†Ms. Miao, who has been in the amber wholesale business for many years on the Changjiang Road, introduced the first two years of Amber. The consumer groups are very narrow. Basically, they are ambulance-loving patrons and retailers. The situation in the past two years has undergone major changes. New customers are basically introduced and purchased every day. The proportion of retail sales in sales has increased a lot. The reporter was half an hour in the store and saw six or seven dialed guests entering the store to ask for questions and purchases. There was also a foreign customer who asked a lot with the translator.
The price of amber has climbed all the way to industry insiders. Compared to the current market, the price of amber in 2001 was extremely low.
At that time, amber was very unattended, reaching a minimum of ten yuan and one gram. This situation changed around 2005, and since 2005, amber prices have entered an upward path. The gains in these two years were especially fierce. In 2011, it has doubled. In the first two years, a 20-gram pendant had no more than 50 yuan per gram. Now, the same thing may not be available for 100 yuan per gram.
Natural amber only has a collection value. Since amber was a very old generation, it is also a kind of non-renewable resource. The future value is limitless.
Ms. Wang, who works as an amber wholesaler, said that amber is an organic gemstone and only natural amber has a collection value. It is just like other precious stones. The more pure the color, the higher the transparency. The less the impurity contains, the greater the appreciation space. Its market price also depends on the variety, size, transparency, inclusions, and carving. “Before the first two years, good beeswax was sold. Now that no one is willing to sell at a high price to buy back from customers,†said Ms. Wang. 
