"This black gravel Jadeite, an all-risk rough stone, starts at 580,000. Each bid increase must be no less than 5,000. Now, the auction begins," the auctioneer announced loudly.
"600,000."
"620,000..."
"Gentleman number 25 bid 620,000, oh, lady number 57 bid 650,000..."
"..."
Typically, the price for all-risk rough stones can range from a few hundred to millions. Those exceptionally large in size with good surface quality can reach tens of millions, though such rough stones are rare.
All-risk rough stones valued under 10,000 are considered low-grade, generally small in volume and with more cracks; those ranging from tens of thousands to hundreds of thousands are medium-grade, displaying a decent surface quality.
All-risk rough stones valued at one million or several million are high-grade, usually large in size with very good surface qualities and a significant chance of a price surge. However, if the stone turns out to be worthless, the loss is substantial; a rough stone purchased for millions might contain Jadeite worth only tens of thousands, or even less, leaving no one interested.
The auction continued enthusiastically; however, once the price broke the one million barrier, momentum slowed down.
"1,120,000..."
"1,130,000..."
"..."
"Sister Ruan, win this all-risk rough stone," Qin Yang whispered to Ruan Xinxue.
Ruan Xinxue hesitated slightly, saying, "Qin Yang, isn't that half-risk rough stone better? I still have 5 million on hand..."
"If we lose, I'll cover it. Trust me, I've always had good luck." Qin Yang shook his head and smiled.
Thinking for a moment, Ruan Xinxue nodded; 5 million might not win the half-risk rough stone.
After all, the half-risk rough stone shows promising signs of revealing ice-grade sunny green full-color jade. If it yields two or three bangles, its value reaches the tens of millions. Currently, such high-end material is popular; intense competition is expected.
"1,300,000."
Ruan Xinxue raised her number plate and quoted.
"Oh, the lovely lady number 7 bid 1,300,000, any higher bids? 1,320,000, gentleman number 19 bid 1,320,000..."
"1,330,000..."
"..."
The price of this all-risk rough stone continued to grow slowly, but fewer bidders remained, only two or three were persisting.
"1,500,000!"
Ruan Xinxue raised her number plate again, directly setting the price at 1,500,000, since she was determined to buy the stone, she would take this gamble.
"1,500,000, the charming lady number 7 bids again, offering 1,500,000, is there any higher bid?"
The auctioneer scanned the crowd, loudly inquiring.
The venue fell silent for a moment. No one raised their bid; this price wasn't low, considering a bet of 1.5 million on an all-risk stone demanded courage.
Though wealthy, no one's money comes easily, and buying worthless material for over a million would be a big loss. Repeating such losses multiple times could ruin even billionaires; the stone gambling world isn't short of examples where people lose fortunes, risking bankruptcy.
"If there's no higher bid, 1,500,000 once, 1,500,000 twice, 1,500,000 thrice, sold!"
The auctioneer struck the gavel, and the black gravel all-risk rough stone was won by Ruan Xinxue for 1.5 million.
The usher cleared the stone away, and all eyes eagerly focused on the half-risk rough stone at the center of the auction platform.
"Next up for auction is this half-risk rough stone with white sandy skin, starting at 2.3 million, each bid must increase by no less than 10,000," the auctioneer announced, pointing to the half-risk stone beside him.
"2,320,000."
"2,350,000"
"..."
Once the auctioneer finished speaking, numerous participants raised their number plates, joining the competition.
"The starting price is indeed high, almost four times that of the all-risk rough stone," Ruan Xinxue whispered.
Actually, a relatively higher starting price is expected; this half-risk rough stone has already shown jade material of ice-grade sunny green full color, indicating high-quality Jadeite inside. The next step is to determine how much jade material is contained, with better odds than all-risk stones, hence the relatively high price.
The auction continued fervently, moving swiftly until breaking the 5 million threshold, then the price increase trend slowed.
"5,060,000."
"5,080,000."
"Gentleman number 35 bid 5,080,000, oh, gentleman number 36 right next to him bid 5,100,000..."
Qin Yang glanced over; the two adjacent bidders were Bai Desheng and Miao Youfeng, clearly eager for the half-risk rough stone.
"Old Bai, you should give up," Miao Youfeng said, unable to hold back as the price soared.
"As if only I give up will make a difference, now it's not just us competing; besides us, there are three others too. Can you make them all withdraw?" Bai Desheng said, biting his lip, evidently unwilling to give up.
The price exceeding 5 million indeed surpassed their affordability; they were jewelers and rarely used such large sums for gambling on stones. But facing high-grade ice-grade sunny green material, they could only grit their teeth and make a gamble.
"6 million."
While Bai Desheng and Miao Youfeng were talking, Yang Buqun, who hadn't participated, raised his plate. With a fiery look, he directly increased the price to 6 million.
The moment this price was announced, the venue quieted briefly, then everyone's gaze turned to Yang Buqun, who seemed determined to win.
Yang Buqun held high hopes for this material; extracting an ice-grade full-color piece was a desire among many stone gamblers. This half-risk piece had shown ice-grade jade, now it only depended on how much jade could be extracted.
"World Jewelry Group finally made a move."
Miao Youfeng sighed gently; he knew Yang Buqun a bit, once involved, he rarely left empty-handed. The 6 million price was beyond his capability, and he already planned to give up.
"Old Miao, I have an idea," Bai Desheng suddenly said.
"Hmm? What idea?" Miao Youfeng was taken aback.
"How about we team up to buy this half-risk piece, if we win, we split the material equally, and if we lose, our individual losses decrease," Bai Desheng suggested.
Miao Youfeng thought for a moment, then nodded.
"Then it's settled, let me bid for it,"
Bai Desheng said and then raised his number plate.
"6,500,000," Bai Desheng offered.
"Gentleman number 35 offered 6,500,000, any higher bids, 6,500,000..." the auctioneer said loudly.
Yang Buqun turned and glanced at Bai Desheng, showing an expression filled with the determination to win.
"7 million!"
Yang Buqun raised his number plate and announced the figure.
Qin Yang glanced at Yang Buqun, a smile playing at the corners of his mouth; no matter who bought it, they would regret deeply afterwards.
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