In recent months, reporters have discovered that the prices of rosewood furniture have surged by over 30% within just one year. As a symbol of status and luxury, mahogany furniture is gaining popularity among younger consumers. Industry experts warn that compared to other types of furniture, mahogany pieces are expensive, and buyers should always sign a purchase contract to avoid being misled by unscrupulous sellers. For more information, visit [Hansheng Tang Rosewood Furniture](http://hst.cnjiaju.com/share).
The high cost of mahogany furniture stems from its collectible value and the rising cost of raw materials, which has led to a consistent upward trend in prices. After the global financial crisis, the market saw a temporary drop, but in the past year, prices have rebounded sharply. “The price of mahogany furniture in our store has gone up by more than 30%,†said Chen Hao, General Manager of Mingjia Hongmu Furniture’s Qingdao branch. “For example, a mahogany chair with collectible value was sold for 500,000 yuan last year, but this year it’s now priced at 700,000 yuan. A similar cabinet that once sold for 130,000 yuan now costs around 190,000.â€
This increase is partly driven by higher export prices of redwood from Vietnam, Laos, and Africa. At Liantianhong Furniture in Qingdao, the price of Vietnamese Huanghuali wood increased from 999 yuan/kg in January 2010 to 1,599 yuan/kg as of August 22, while Indian Lobular Rosewood went from 799 yuan/kg to 1,399 yuan/kg—rising by about 60% and 75%, respectively.
Store managers attribute the price hikes to rising material and labor costs. “It’s natural for prices to go up when raw materials become more expensive,†said one high-level manager.
Interestingly, young people are becoming the main buyers of mahogany furniture. Mr. Cheng, a recent homebuyer, shared that he purchased several pieces of mahogany furniture for under 60,000 yuan, slightly exceeding his budget but giving his home a unique feel. According to Gao, about half of the customers in the store are now between the ages of 30 and 35, a shift from the past when most buyers were older.
Dan Qingchuan, Executive Vice President of the Qingdao Furniture Association, explained that there are five genera, eight categories, and 33 varieties of redwood, with significant price differences. A 100-square-meter home decorated with premium mahogany could cost over 1 million yuan, while ordinary redwood furniture might cost just 100,000 yuan. Many young people can afford lower-priced options, and manufacturers are now offering more modern designs that appeal to younger tastes.
Experts advise buyers to be cautious and always sign a detailed purchase contract. “Many small manufacturers use misleading labels, such as simply calling something ‘red rosewood’ without specifying the exact type,†said Dan Qingchuan. “Consumers should ensure the contract clearly states the species, scientific name, and Latin name of the wood. Comparing the merchant's description with national standards is essential to avoid disputes later on.â€
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