Some low grade nephrite jade is magnetic due to iron or mica inclusions.
"Jade" by Edward Sharpe & The Magnetic Zeroes
General USD 2009 pricingDetermining the Nephrite Jade Type:You need to be familiar with the different types of jade and the criteria.THE CRITERIA OF NEPHRITE (non-translucent jade):Whether or not the nephrite jade is magnetic.The color of the jade - black, dark green, apple or light creamAppearance: Does it have sparkles in it?TYPES OF JADE and Pricing:There is mutton type jade which is light in color, creamy with somepink inclusions. Some say it's worthless, others say it's $75.00 lb or higher.There is dark green jade which has a higher iron contentthat will respond to a magnet. This is low grade nephrite.This goes for as low as $2.00 /lb.However, black jade, which has flowed it's way into Germany, isconsidered rare if it's not magnetic, I don't know the price, it is rarehowever.Apple Green Jade is worth at least $50.00/lb. if it's not magnetic.The things that degrade the nephrite jades worth is if there is sparkles in it.This indicates mica and/or iron present in it which is considered to be an impurity.If it isn't highly magnetic this type is worth $2.00 - $3.00 per pound, and as lowas a single dollar.
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Jade
Je m'appelle Jade, mon prénom est Jade are the french equivalents for "my name is Jade"