Core Insights - Jiangsu Donghai County, known as the "Crystal Capital of the World," produces 120 million crystal products annually, with a trading volume of 46 billion yuan [1][4]. Industry Overview - Donghai County has over 30,000 crystal industry workers and more than 3,500 processing enterprises [1]. - The county's crystal reserves amount to 300,000 tons, accounting for over 70% of the national total [3]. Market Dynamics - The total investment in Donghai Crystal City is 3.2 billion yuan, covering an area of approximately 452 acres with a building area of 450,000 square meters, making it the largest and most comprehensive crystal trading market globally [4]. - From January to August 2023, the trading volume of crystals reached 39 billion yuan, reflecting a year-on-year increase of 27.8% [4]. E-commerce and Sales Trends - The rise of new sales models, such as short videos and live streaming, has transformed the display and sales methods of crystal products [4]. - In 2024, the e-commerce trading volume for crystals is projected to reach 32 billion yuan, while cross-border e-commerce sales are expected to hit 5 billion yuan [4][7]. Economic Impact - The crystal industry has become a pillar industry for Donghai, contributing significantly to local economic development and providing livelihoods for the community [7].

Core Viewpoint - The article discusses the resurgence of the crystal industry in Donghai County, driven by a new wave of interest among young consumers, particularly through the integration of AI and social media platforms, which has transformed crystals into a trendy item associated with emotional healing and personal significance [1][2][4]. Group 1: Market Dynamics - The crystal market has seen a significant increase in demand, with over 1 million crystal bracelets sold in the last 30 days, and some bracelets priced similarly to gold [4][11]. - Donghai County holds over 70% of China's crystal reserves, with a total of approximately 300,000 tons, making it a global leader in crystal quality and quantity [9][10]. - In 2024, the total transaction value of crystals in Donghai County is expected to exceed 46 billion yuan, with 450 million pieces exported globally [11]. Group 2: Consumer Behavior - Young consumers, particularly those aged 18-30, are driving the demand for crystals, viewing them as "spiritual band-aids" to address anxiety and emotional needs [26][28]. - The rise of social media platforms like Xiaohongshu has led to the creation of over 150 myths surrounding the benefits of various crystal types, further fueling consumer interest [7][28]. - The emotional consumption trend is evident, with nearly 30% of young consumers willing to spend on items that provide emotional value [28]. Group 3: Pricing Trends - The price of high-quality crystals, particularly the "super seven" variety, has surged dramatically, with some prices now comparable to gold, indicating a potential profit margin of 2000% [32][33]. - The increase in prices is attributed to both rising demand and the scarcity of high-quality raw materials, as many suppliers are now facing shortages [37][38]. - The market's volatility is highlighted by the rapid price fluctuations and the potential for consumer interest to wane, leading to cautious strategies among local merchants [38][39]. Group 4: Industry Structure - The crystal industry in Donghai is characterized by small-scale, family-run workshops, which may struggle to compete with larger capital investments from outside businesses [42][45]. - The traditional "chicken coop factory" model, where production is decentralized and individual, may hinder the industry's ability to modernize and scale effectively [45][48]. - The long-term sustainability of the crystal industry is questioned, as the depletion of natural resources poses a significant challenge for future growth [51][50].