The material
Types of jade: jadeite, nephrite, and what imperial jade is
There are two. Not two grades, not two shades: two entirely separate minerals that share one English word and one Chinese one. Everything else you will be shown under the name jade is a variety of one of those two, or it is a different rock with a marketing department. Sorting out which is which takes about four minutes and will change how you read every jade price you ever see again.
It also settles the most common question, jade versus jadeite. Jade is the family name; jadeite is one of its two members and nephrite is the other. Every jadeite is jade, not every jade is jadeite, and when a seller sets "jade" against "jadeite" they almost always mean nephrite against jadeite, the comparison the table below lays out.