The Jade Market, located on the Kowloon side of Hong Kong, is a very popular tourist stop. I normally run like the plague from things like that, but this is just too much fun to miss.
The Jade Market is made up of two open-sided buildings that are packed pull of small stalls and card tables covered in jewelry, antiques and pearls. This is a market where the smart and savvy traveler can find amazing deals, if they can pick their way through the fakes and knockoffs abound. Do yourself a favor and find out how to tell if jade and pearls are real to be sure you get the real deal.
Take our time and stroll through the small stalls, which are packed with goods, and make sure you look through everything. Sometimes, the best things hide under the table or behind smaller objects. Once you see something you like the real fun begins. Everything is negotiable, and money is the international language no matter what language you speak. Some of the vendors to speak a little English but most will negotiate though their calculator. This means that when you point to an item you like they will pull out a calculator and punch in the price and show it to you. Take the calculator and make your counter offer—recommend starting at about 25% of the price they offer. They will looked shocked and start saying "no, no" and will counter offer a small amount lower than their original offer. Stick to your guns and keep your price low—if you hit an impass, don't be afraid to walk away. If you do, then suddenly you will find then willing to haggle down to that low price rather than lose the sale.
To give you an idea of the deals that can be found, I bought a 24" jade necklace made up of large jade beads for about $50—it was just appraised at nearly $3000, due to the size and quality of the jade that is rarely seen in this country. We got similar amazing deals in high quality turquoise, pearls, and Chinese antiques.
by sdgates24 on May 18, 2006
Jade Market
Jordan Kansu Street Hong Kong
+852 2807 6543