Jade Public Emporium
Translator: Dragon Boat Translation Editor: Dragon Boat Translation
"Alright, let's go to the public emporium and have a look."
The so-called jade public emporium could be said to be a major trading event for raw jadeite materials. It was a relatively unique and fair auction method.
On the public emporium, the major mine owners would display all the jade raw materials they had on display.
They would let the industry insiders or the market judge the publicly acknowledged lowest price on the market based on the quality of the materials.
Then, the buyers would bid on the basis of that price.
The local and foreign jade merchants would also make their own estimates of the jade raw materials on the public emporium based on their own knowledge and experience.
And they would calculate how much profit margin they would have after bidding for the raw materials.
From this, he deduced how much he should bid for it.