This is an open auction.
In other words, for the raw materials placed on the stage, people can keep raising the price, with a minimum increase of $1,000 each time, and the highest bidder wins.
Because the auction prices for these raw materials are relatively small, the supervisor named Li Rongfa didn't pay much attention and just sat there quietly drinking tea.
Supervisors are a guaranteed position at the Myanmar jade gambling convention, in order to ensure fairness and impartiality in the jade gambling process and prevent accidents from happening.
According to someone familiar with the situation, this supervisor is a well-known figure in the entire jade gambling circle. He is not only a particularly famous jade appraiser and jade carving master, but also the owner of five jadeite mines in northeastern Myanmar.
Like many children in Myanmar, Li Rongfa entered a temple as a monk at a young age. After leaving the monastic life at the age of fifteen, he devoted himself to spiritual practice at the Golden Temple Temple in Myanmar.
Three years later, Li Rongfa was admitted to Mandalay University, majoring in mineralogy and philosophy. In 1975, after Hu Rong came of age, he took over the family business, trading in jade and rough gemstones in Myanmar and Thailand, and learning about gemstone cutting, jewelry design, and jade carving.
Haha, he really is a tycoon!
This person is truly from a wealthy family!
It was because his family had the means to support his studies and practice in this field that he was able to become an expert in gemstones and jade.
This is the essence of the saying, "Like begets like."
Through exposure and practice, one can acquire relevant knowledge.
Of course, in ancient times, this saying also reflected the distinction between industries and the solidification of social classes.
For example, the inheritance of military families, the inheritance of craftsmen, the inheritance of medical skills, and even the inheritance of official families.
On the one hand, ancient skills were not easy to acquire and were not passed down to anyone but close relatives. On the other hand, there were also restrictions imposed by the imperial court, such as prohibiting families of officials from participating in the imperial examinations for three generations.
At this moment, another piece of raw material was carried by the staff to the table in front for display.
Hehe, since it wasn't what he really wanted, he didn't care much.
So he slightly distracted himself, turned his head slightly, and began to observe the surrounding situation.
The number of people now is not much different from the beginning; it's still the same.
Everyone looked very eager.
However, everyone in the room seemed particularly focused, with most of them leaning forward and looking intently at the raw materials in front of them.
Some people were looking down at what they had written in their notebooks.
Clearly, the real challenge is yet to come.
Without realizing it, he noticed that Shang Yanfei, Ouyang Ming, and others were sitting on the other side.
He's not entirely brainy; he's not the kind of good-for-nothing spoiled brat.
They will definitely come at such an important moment.
After all, they came here specifically to purchase raw materials.
At this moment, Shang Yanfei also seemed bored, turning his head to look around.
To be honest, he really doesn't care about these small pieces of raw materials that are being auctioned now, which have a low probability of being sold.
Unexpectedly, Shang Yanfei also looked up at this moment, and her eyes met Chen Dong's.
Although Shang Yanfei smiled slightly at Chen Dong as a greeting, Chen Dong could tell that it was just a social courtesy and did not show any of the previous respect.
Many jewelry companies send people here to bid for raw jade.
If they can find one or a few rough stones that can yield similar jade material, their trip won't have been in vain.
Many people believe that only rough stones that yield top-quality jadeite are sought after in the world of jade gambling, but that's not entirely true.
After all, there is a difference between someone who owns a jewelry company and an ordinary jade gambler.
Jade gamblers prioritize maximizing profits; the greater the value, weight, and quality of the jade material they find, the happier they are.
Jewelry companies, however, require more than just these things.
Because in their daily business, in addition to the particularly good jade materials, they also need those rough materials of average quality but which yield a lot of jade.
Jade of exceptionally high quality and value is usually kept as a prized possession in museums.
Jade of acceptable quality will be made into ordinary jade products to meet the needs of consumers with average spending power.
In fact, ordinary consumers are their main customer base.
However, the most advanced types are usually not very numerous.
Usually, there is only one or a few items in the store.
Even if those jade products sell for exorbitant prices, they cannot support the daily operations of a jewelry company.
The majority of people in this world are ordinary people.
Ordinary people are the true source of wealth.
The truly profitable businesses are those that cater to ordinary people.
When you focus on making a single product into a high-end, premium item, you might not actually make much money.
A typical example is how companies like IBM limited their computer business to supplying only large organizations, building mainframes for them.
The main reason why companies like Microsoft and Apple later rose to prominence and surpassed IBM in wealth was that they targeted a broad range of ordinary customers, thus expanding their consumer base.
This is what is meant by "many a little makes a mickle" or "accumulate little by little to make a great achievement."
The phrase "to be meticulous about every penny" actually conveys the same meaning, but it leans slightly towards a negative connotation.
It is impossible and unimaginable for a country to exist without ordinary people.
Only by continuously expanding its consumer base can a steady stream of money be generated.
In later generations, the most typical example in China was the rise of Taobao, which took the route to the common people, and then Pinduoduo, which penetrated into the rural market and small towns in the eighth and ninth tiers, surpassed Taobao.
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