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Today, the "Convention on International Trade in Endangered Species of Wild Fauna and Flora" (newly revised) June 12 has been in force from more than two months, included in the CITES endangered species have suffered no small market volatility, the market is one of mahogany . According to media reports, in the past two months, the price of raw materials of rare rosewood has more than doubled compared with the same period of last year, and many rosewood furniture distributors in Qingdao have also raised their prices by 30% -50% .
Endangered conventions come into force
The number of mahogany trees in the "Convention on International Trade in Endangered Species of Wild Fauna and Flora" (newly revised) entered into force on June 12, according to the national standard GB18107-2000 our country, it was included in the CITES Seven different. Among them, in addition to Brazilian Dalbergia, Central American Dalbergia, Belize Dalbergia products are relatively rare in the domestic market, sandalwood red sandalwood, Dalbergia rosea, Dalbergia lunata and Dimple Dalbergia are common raw materials of mahogany products .
Industry insiders said that since the news was widely disseminated in April and May , the market can basically determine that the price of rosewood will rise significantly. Taking Qingdao as an example, not only " Daihong Hongfang " , all rosewood furniture manufacturers and distributors in Qingdao have been paying close attention to this news. In fact, the price of mahogany has continued to rise since the second half of last year, but the rate of increase has been very slow; but since May this year , the prices of many mahogany raw materials have risen and then increased. Compared with the same period last year, the prices of some logs such as red rosewood Has doubled.
Redwood investment boom may spread to related concept stocks
As the so-called things are rare, the more fierce the price increase of mahogany furniture, the more attracted investors to enter. Objectively, the first half of this year, the stock market ups and downs, the price of gold has been "stumble endlessly", more and more people began to look for and select a new investment channels, in this context, made of mahogany antique furniture has become rare recently not A niche investment product favored by few people.
Wu Bingliang, vice chairman of the China Furniture Association, said that the wood of mahogany furniture is very precious and the resources are not renewable within a short period of time. With this precious wood, through elaborate design, the production of fine arts and artworks rich in artistic gold content usually has a high investment. With collectible value. Compared with real estate investment and the stock market, mahogany furniture investment is less risky and will increase in value over time, so it is suitable for long-term investment.
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