Many assume the high price of turquoise is driven by speculation — but the real driver is supply and demand. When premium pieces trade at high prices, word spreads fast through the trade, and upstream suppliers hold back material, pushing prices further — fueled by strong collector demand. Today, rough stone suppliers are booked solid, and carving studios are already full through the year — the entire chain is running hot. A large, stable consumer base and tightening raw material supply create a genuine gap that supports rising prices. The market momentum is grounded in real demand — not manufactured hype.
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