With the entry into force of the new edition of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (the Convention), the import of some redwood raw materials has been further restricted, resulting in rising costs and the price of rosewood furniture. Recently, the reporter visited Taipingyuan Furniture City and Bayi Furniture City and found that the price of mahogany furniture ushered in a wave of rising prices, with some gains exceeding 30%.
According to industry insiders, as a small investment, mahogany furniture has seen considerable gains recently. As rare woods become scarcer, the future growth of mahogany furniture will continue. Therefore, the long-term investment situation is optimistic, but the short-term trend is risky, and we still need to be cautious.
Market rosewood furniture prices rose by more than 30%
On June 12 this year, the Convention entered into force, and the import and export of seven species of redwood species was limited, and the price of raw materials for rosewood continued to rise.
It is reported that the regulations include Sian rosewood, commonly known as Laoshan rosewood, Dalbergia sinensis belonging to the red rosewood, Central American Dalbergia, Belize Dalbergia belonging to the black rosewood, etc., which are listed as controlled species. All species must have an import and export permit or a certificate of re-export for international trade.
According to public information, in the first quarter of this year, the market of redwoods still fell, but it bottomed out in June. The monthly index of the rosewood classification was 133.44 points, up 5.88 points month-on-month, or 4.61%.
Affected by cost increases, the price of mahogany furniture has also increased. Recently, when reporters visited Taipingyuan Furniture City and Bayi Furniture City, they found that the prices of various precious mahogany furniture rose by 10%-30%.
“The biggest increase is the redwood that is included in the controlled species,†Ms. Zhou, the owner of a mahogany furniture store, told reporters. “A set of 10 sets of Laos red rosewood furniture needs 420,000 at the beginning of the year. The current price is 560,000. It has risen by more than 30%.†Ms. Zhou said that in addition, the prices of other furniture such as dimpled yellow sandalwood furniture and Lushi black rosewood furniture have also increased by about 30%; but other rosewood furniture prices that are not included in controlled species have risen. Not so powerful, such as African rosewood furniture, a set of 11 sets of furniture is now 68,000, compared with 60,000 at the beginning of the year, the increase is only about 13%. â€
Ms. Zhou also said, “In recent years, with the gradual reduction of valuable timber resources, the value of mahogany furniture made of rare wood will only be higher and higher in the case of insufficient supply. It is expected that the trend of the two years will continue. rise."
Analyze investment, long-term optimistic
"Things are rare, mahogany furniture is more and more valuable. At present, although the price will rise in the short term, it will not rise too high under normal circumstances," said Li Bo, a furniture store in Taipingyuan Furniture City, in the first half of this year. Since the stock market has been ups and downs, the price of gold has been “falling downâ€, and more and more people are looking for and choosing new investment channels. Classical furniture made of rare mahogany has become a niche investment that many people like recently. . “Most investors just use mahogany furniture as a way of investing. They usually buy it back as a collection. After a few years, the price rises and then sells. Therefore, the long-term investment situation is promising, and the short-term trend is risky. Still need to be cautious."
Wu Bingliang, vice chairman of the China Furniture Association, said in an interview with the media that mahogany furniture is very precious because of its wood, and resources cannot be regenerated in a short period of time. With this kind of precious wood, through careful design, it will produce fine art and art with rich artistic content. Has a high investment and collection value. Compared with real estate investment and stock market, mahogany furniture investment is less risky and will increase in value over time, so it is suitable for long-term investment.
According to industry insiders, the current mahogany furniture market is mixed, and the investment group is not rational and has a herd effect. Redwood investment should not blindly follow suit. For the folk collectors, you should not only pursue a short-term investment behavior, but also enjoy the spiritual pleasure brought by the artworks. This will promote the rationality and maturity of the mahogany market.
background
The new regulations are officially implemented
7 kinds of redwood species import and export restricted
At the end of March this year, the 16th Conference of the States Parties to the Convention on International Trade in Endangered Species of Wild Fauna and Flora announced a revised list of new amendments. According to the list, Tianlong Babu, Sian rosewood, Central American Dalbergia, Dwarf Dalbergia, Belize Dalbergia and L. serrata are listed in Appendix II by Appendix III. So far, according to China's redwood national standard, seven redwood species have been listed in Appendix I and Appendix II of the Convention. All these species must have import and export licenses or re-export certificates for international trade. June 12 this year. Effective implementation.
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