Since the Beijing 2008 Olympic Games Organizing Committee adopted "Gold-inlaid-jade" as the medal in 2008, jade producing places such as Xinjiang, Qinghai, Liaoning, and Henan provinces hope to jump on the Olympic bandwagon and drive the warming up of the jade processing industry. Meanwhile, due to the introduction of new regulations in the Hotan region of Xinjiang to standardize the mining of Hotan jade, there is a shortage of Hotan jade seed material, causing the price of seed material to quadruple cumulatively, and jade products continue to rise in value. Since the Beijing Organizing Committee for the Olympic Games announced on March 27th that it would use "Gold-inlaid-jade" as the Olympic medal, jade producing areas such as Xinjiang, Qinghai, Liaoning, and Henan all hope to embed local jade materials into the Olympic medals. Under the impetus of this market opportunity, the jade industry has quickly warmed up, and the prices of various jade products have continued to rise.