There is currently a shortage in supply of high-quality natural jade in this market. Jade deposits are predominantly found in Myanmar and Nepal; however, mining activities have failed to extract sufficient quantities due to challenges in exploration, extraction and processing. This is further exacerbated by environmental regulations such as Emissions Control imposed on mining. There is also inadequate infrastructure for transportation from mines hampering just-in-time deliveries. All of these factors have led to a significant price rise of top-grade jade varieties like imperial jade over the past decade.
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