Dennis Sun, a Hong Kong jewelry collector, has been buying jade for three decades. Lately, it has been harder to snag the perfect piece as mainland Chinese buyers drive prices through the roof.
At a Christie’s auction in May, he watched a jadeite ring sell for about HK$20 million ($2.6 million), or five times its estimated price. Last month, he bought a jade bangle for almost HK$1 million even though the colour and quality weren’t all had hoped for.
“The prices went up so high, if I don’t...
Did You Know?
In 2006 the capital of Myanmar was moved from Yangon (formerly Rangoon) to Nay Pyi Taw.
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