Share best practices, tips, and insights. So I took a chance and won the bid for just over a $100.00. But corruption probes have swirled around the company since early 2019, with its former chairman forced to resign. {"modules":["unloadOptimization","bandwidthDetection"],"unloadOptimization":{"browsers":{"Firefox":true,"Chrome":true}},"bandwidthDetection":{"url":"https://ir.ebaystatic.com/cr/v/c1/thirtysevens.jpg","maxViews":4,"imgSize":37,"expiry":300000,"timeout":250}}, Archive Fine Jewelry, Gems, & Precious Stones. Your personal data will be used to support your experience throughout this website, to manage access to your account, and for other purposes described in our privacy policy. Instead of buying the luxury 100% gold jewelry, many young consumers prefer to try gold plated jewelry because the design, style, and price are much more attractive against the 100% gold jewelry items. It doesn't look like a good idea at present based on the Chinese e-commerce giant's technical signals. If you're selling Gold Jewelry, a reasonable settlement would be 70% to 80% of the market value. I only bought each of them for $.99, so anything over that is profit for me. China 18K Gold Jewelry wholesale - Select 2020 high quality 18K Gold Jewelry products in best price from certified Chinese Jewelry manufacturers, Fashion Jewelry suppliers, wholesalers and factory on Made-in-China.com Two other lenders reportedly ran tests and came to the same conclusions. Yesterday I received an unknown package from China with my name, address and telephone number on it.It came from: The small package says that it contains a phone case but it actually contains what looks like the top crystal of a watch plus some screws. If you have questions, please contact us. At Kingold, Jia denies that his gold is a fraud. ... A lot of items are available in several different categories like gold jewelry china. I think that when the poster referred to 14k gold as solid, she meant that it was gold with the addition of copper(usually) - not plated. It pledged one ton of gold to get 200 million yuan in loans from Chang'An Trust, and it repaid the two-year loan, which it used to fund a property project in Wuhan, on time. It has not done so, the source said. Already a penny stock, the company now trades at 48 U.S. cents a share, giving it a tiny market capitalization of US$5.3 million. VINTAGE TRANSLUCENT LAVENDER JADE W/SEED PEARLS 14KT GOLD RING. The seller re-assured me before I purchased it that it was 14kt solid gold. Rival bidders for Tri-Ring immediately questioned the transparency of the bidding and Kingold's qualifications, according to Caixin. PICC has declined to comment on an ongoing court case. Its share price fell below US$1 in 2018, at which point Nasdaq warned the company that it could be delisted if its stock remains below that minimum price. The company had only 100 million yuan in net assets in 2016 and 2 billion yuan in 2017, raising eyebrows about how it could afford a 7 billion purchase. Pure gold jewelry is making a fashion comeback, doubling as a form of investment. Bounce Back Sale!!! Only buy gold jewlry from reputable merchants. Much of its assets have been frozen during the investigation, meaning Jia cannot access that money. I received on November 14, 2019 a Cartier ring from Switzerland Jewelry Watch Shop in Hong Kong that I have never ordered. The top supplying country or region is China, which supply 100% of gold mens rings respectively. . $15.00 shipping. If you are near The Los Angeles area, National Gold Market is located in Pasadena, California. Additionally, youth in China prefer low-purity gold jewelry for day-to-day use. There are power cuts across numerous Chinese cities where local authorities can't keep the street lights on and are forcing factories to close. The data does update after 90 days if no rating change occurs within that time period. $350.00. Thank you for your cooperation. The results, which came back May 22, said the bars sealed in its coffers are also copper alloy. Get an email alert each time I write an article for Real Money. I am going to take them to a jewelry store and have them appraised. In China's biggest gold loan fraud, regulators in Shaanxi Province and neighboring Hunan found adulterated gold bars in the vaults of 19 lenders; those bars backed 19 billion yuan in loans. ETF data provided by Lipper. Shares in Kingold fell 57% after the Caixin cover story came out. He is bold, reckless and eloquent, always making you feel he knows better than you.". $89.00. Kingold had defaulted on 1.8 billion yuan in loans from Dongguan Trust, with another 1.6 billion yuan due in July. FactSet calculates the Market Cap for the basic symbol to include common shares only. Its purchasers may want to check the quality of their baubles. I also noticed a good number of bids for the product. There is no law in China against making these "replicas" as long as they are sold as such. But I'll leave it to those who have actually shopped in China for engagement rings (I have not) chime in. However no one from China and that includes Hong Kong who sells on Ebay will sell genuine gold jewelry although they may claim it is. SPX (Long-Term View) Another NEW high @ 3756.12 ... Chinese Government Stops U.S. Consulate Property Deal in Hong Kong, Ant and AliPay Targeted in Broadening Alibaba Crackdown, Hong Kong Makes Run at Ousting Nasdaq for Biotech Dominance, China Faces Power Cuts Thanks to Aussie Coal Ban. With businesses ranging from gold jewelry design, manufacturing and trading, Kingold is one of China's largest gold jewelry manufacturers, according to the company website. Did any of their Antique jewelry contain gold? In an SEC filing from 2018, Kingold said many of its loans were borrowed based on personal guarantees by Jia "because of his personal credit worthiness and his reputation and expertise in the China gold industry." The banks and trusts allegedly made this nasty discovery after Kingold defaulted on debts in late 2019, causing one of its lenders, Dongguan Trust Co., to try to sell the gold. it is insane. I call 14k and 18k gold solid gold although I know also that 14k is only 58.5 percent gold and 18k only 75% gold. However, this would not be the first time that fake gold has been detected. r925 stamp means it is 925 sterling silver with a gold plating. If I find out they are not real, I will send them back, and demand my money back. He remains the largest shareholder in the company, with a 25.5% stake as of April 2019. Email Real Money's Wall Street Pros for further analysis and insight, © 1996-2020 TheStreet, Inc., I have a Chinese solid gold panda coin bought in the early 1980's. I bought them because they are beautiful, not because of the gold content. The state-owned insurer PICC Property and Casualty Co. and other insurers have covered the gold with 30 billion yuan (US$4.2 billion) in property insurance policies. The Chinese standard is higher than other countries. Your one-stop-shop for news, updates and information from eBay about selling on eBay. Source wholesale Gold Jewelry from 446 reliable wholesalers. Or did it? At the time of publication, McMillan had no positions in the stocks mentioned. Powered and implemented by FactSet Digital Solutions Group. When Mingsheng Trust confronted him about the copper bars, "he flatly denied it and said it was because some of the gold the company acquired in early days had low purity," a Mingsheng executive told Caixin. As per a report by Caixin, which is a Chinese media group based in Beijing known for investigative journalism, China is at the centre of the discovery of the biggest gold counterfeiting scandal in human history. Nasdaq-listed and Wuhan-based Kingold Jewelry (KGJI) used 83 tons of gold bars as collateral to secure the equivalent of US$2.8 billion in loans from more than a dozen Chinese financial institutions. One of China’s largest gold jewellery manufacturers, Wuhan-based and NASDAQ-listed Kingold Jewelry, is being accused of depositing fake gold bars as collateral to obtain loans from 14 Chinese financial institutions. . I have a friend  who lives in San Francisco who has bought a couple expensive gold and gemstone rings from jewelry stores in San Francisco's Chinatown so it is exported. quote], I'm selling gold from UAE and its a lot cheaper and safer. they will do anything you want. Reliable sellers of jewelry in Hong Kong do not list on Ebay. Thanks , that is what I wanted to know, I have a few things from estate sales around the North East, I think they are old from China, and gold however unmarked? 4. The seller was obviously misleading you and I am sorry for the problem you experienced. You don't buy gold from a stranger, why buy from someone thousands of miles away, with little or no feedback? It will have more material to discuss after the implosion of yet another such stock. Copper is a lot less dense than gold, and their expensive purchases may be feeling a little light. He replied saying that his supplier assured him that it was the same content as solid 14kt here in the US. Antique  gold jewelry was made in China - they preferred 24k or 22k. We’ll help you to work out whether it’s worth paying extra for a high-end version or whether you’re getting just as good a deal by getting the cheaper item. I am concerned that gold jewelry from China is being sold misleadingly. We're sorry. Anything else I have found is junk listed spuriously or overpriced. I purchased from US seller. U.S. Securities and Exchange Commission is due on Thursday to start hearings on the risks of investing in Chinese companies listed on U.S. exchanges. Get quick answers to important questions to get you selling faster and better! Quotes delayed at least 20 minutes for all exchanges. $10.00 shipping. As well as from women's, men's, and children's. $1,200.00. The gold was a big factor in its successful acquisition of the car parts maker Tri-Ring. Kingold was picked as the investor in 2018 in a 7-billion-yuan deal. Give support, share information, and connect with fellow members. Meet other eBay community members who share your passions. Free shipping. So, if this isn't really 14K gold, I'll know it within 3-4 days. There are 42,829 gold mens rings suppliers, mainly located in Asia. We're used to seeing Chinese fakes here in Hong Kong. The stones in them are the real thing, according to the description. China Gold Ring wholesale - Select 2020 high quality Gold Ring products in best price from certified Chinese Jewelry manufacturers, China Gold suppliers, wholesalers and factory on Made-in-China.com Those gold bars instead are copper with a nice coating of gold leaf, according to a cover story in China's pre-eminent business publication, Caixin. I told him I did not want gold filled or layerd. Before I bid, I sent him an email explaining that 14kt solid gold must have at least 58.3 percent total content in the article being advertised as solid gold. They already got 1 neutral about the same ring being fake and another on a different ring. Moreover, gold is considered to be a hard currency that can be converted into cash during emergencies. TheStreet Ratings updates stock ratings daily. Hunter Biden reportedly received a 2.8 carat diamond from a Chinese energy tycoon. Tri-Ring has now been taken over by Kingold. The government of Hubei Province, which contains Wuhan, said the deal was a model example of "mixed-ownership reform," in which private enterprise takes stakes in state-owned enterprises. The quality for the price is of a very high standard. Kingold says it took out 20 billion yuan (US$2.8 billion) in loans against the gold so that it could support business operations, supplement cash holdings and expand its own gold reserves. Its ability to secure credit depends on the continued service of Jia as chairman and CEO, it stated. Yes it's real gold. Please contact customer support to let us know. [quote mid="514968181"] I cannot wear anything under 10K gold, because I'm allergic to it. Dongguan Trust reported the case to the police on Feb. 27, the day after it got back its test results, according to Caixin. A source told the publication that locals suspected his gold was not real, melded with copper. It is now the largest consumer of gold in the world, with China’s jewellery market accounting for 30% of global demand. The company was founded by a well-connected former Chinese military man, Chairman Jia Zhihong. he said before refusing to comment further. I have gone through my PayPal account to check but cannot find anything that might have come from these people. A new month, another scandal involving a U.S.-listed Chinese company. Modern Jewelry: At a Crossroads. Follow Real Money's Wall Street Pros to receive real-time investing alerts. There are still some good bargains on Ebay, however, it it seems too good, stay away! That market cap for a company that reported US$3.3 billion in total assets against US$2.4 billion in liabilities as of September 2019. So if you're under the impression that a gold-diamond ring costing USD 5000 in the USA can be had for the equivalent of USD 500 in China.....I think you're going to be sorely disappointed. The Hubei Province government announced in 2016 that it would sell stakes to private investors in a bid to overhaul the government-controlled company. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. I'll post what I find out. Founder Jia started Kingold in 2002. Price of gold plated 925 sterling silver and Actual gold have a huge difference. The 83 tons of gold that Kingold deposited at lenders would be equivalent to 19.8% of China's gold production in 2018 and around 4.3% of China's entire gold reserves. There is no such thing as 14k solid gold. The backing was intended to take Tri-Ring into the world of hydrogen fuel cells. Copyright © 1995-2020 eBay Inc. All Rights Reserved. But Caixin quotes a PICC source who said Kingold must initiate the claim on the policies because it is the insured party. This karat is 58.5% gold. If you want a good deal, look in your local pawnshops. My family has lived in Calif for 160 years ever since the Gold Rush days . But local financial institutions in Hubei and Wuhan avoided doing business with Kingold, Caixin reports. Antique gold jewelry was made in China - they preferred 24k or 22k. Kozul-Wright says that he doesn’t expect to see a significant rebound in gold jewelry demand, as gold prices remain high against the Chinese yuan and consumers remain subdued as the country starts to recover from coronavirus pandemic. I have 14K gold jewelry marked " made in China". To satisfy the demand for high-purity gold jewelry, the company invested in developing new gold jewelry manufacturing techniques in collaboration with China Science Academy. The takeover is now subject to a series of corruption probes and disputes surrounding Tri-Ring. The top supplying country or region is China, which supply 100% of 2 gram gold ring respectively. ... old China Gold plated copper Handmade make decorative pattern Ring. The Tanzanite ring is almost guaranteed to be fake. I cannot wear anything under 10K gold, because I'm allergic to it. Physical sales in critical global markets, China and India, have fallen off a cliff so far this year. A flurry of healthcare IPOs in Hong Kong since a rule change in 2018 has been impressive. Real Money's message boards are strictly for the open exchange of investment ideas among registered users. i stopped dealing with china and if more americans would, we'd be in better financial shape. . Seven Tips to Improve Your Trading in 2021. Demand for gold jewellery in China more than tripled over the past 15 years as the economy expanded and individual wealth grew. they will mark things .925 they will put pandora on it for you. I did get a really nice genuine  hot wax cast bronze shar pei  puppy dog figurine from one seller with beautiful feedback at a great price including the shipping. Please be careful while buying expensive jewelry, always confirm about Metal before paying. After Dongguan Trust's surprise, Kingold's largest creditor, China Mingsheng Trust Co., ordered a court test on its collateral gold bar before Kingold's debts came due. It paid 2.8 billion yuan shortly after the deal, then another 2.4 billion yuan using gold-backed money from Dongguan Trust. Ancient China Both rich and poor wore jade jewelry for its durable and protective properties. I am talking real old. I have a friend who lives in San Francisco who has bought a couple expensive gold and gemstone rings from jewelry stores in San Francisco's Chinatown so it is exported. Except as otherwise indicated, quotes are delayed. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Was: $100.00. China Copper alloy ring ZMO01459 is supplied by Copper alloy ring manufacturers, producers, suppliers on Global Sources We use cookies to give you the best possible experience on our website. If you’re still in two minds about gold ring and are thinking about choosing a similar product, AliExpress is a great place to compare prices and sellers. 225 Liberty Street, 27th Floor, New York, NY 10281. As all goldsmiths know, soldering is one of most important steps in making gold jewelry, but the standard solder used in China contains only 91.6 percent gold, giving it a lower melting temperature than pure gold. Caixin also contacted Jia, who again denied the bars were fake. There are 578 2 gram gold ring suppliers, mainly located in Asia. But it switched to the Nasdaq Capital Market, which is intended for early-stage companies that need to raise capital, in 2010. Kingold Jewelry allegedly passed off 83 tonnes of gilded copper bars as gold bars to secure 20 billion yuan (US$2.9 billion) of loans in China REUTERS/Carlos Barria. However, if no rating change occurs, the data on this page does not update. Click the "+Follow" next to my byline to this article. And whether 2 gram gold ring is copper alloy, white gold, or yellow gold. China is a major miner of gold, and the nation is reportedly the world’s largest gold producer by a wide margin. I bought several rings from China, and just received two of them in the mail. Hi am I to understand by reading these post's that no gold comes from china or ever has? The company first borrowed against its gold in 2013. What is the right amount to receive for your gold? Earnings and ratings provided by Zacks. China Anti Gold Ring wholesale - high quality Anti Gold Ring products in best price from china manufacturers, Anti Gold Ring suppliers, wholesalers and factory on topchinasupplier.com Hope they are fine. Jia worked in the rear supply service of the People's Liberation Army in Guangzhou and Wuhan, according to company documents, and previously managed gold mines owned by the government. and did you really beleived that you will get solid 14k for just over $100.?. In 2018, Kingold beat out rivals to buy the state-owned auto parts maker Tri-Ring Group. The Shanghai Gold Exchange, a self-regulatory body set up by the gold industry, kicked Kingold out from its membership on June 24, Caixin reports. The essential oil diffusers I received came ahead of schedule, were as described, and packaged in a manner that makes resale packaging very manageable. China was the largest consumer of gold in 2018, followed by India and the U.S. "How could it be fake if insurance companies agreed to cover it?" Now fake gold? Chinese regulators, rumored to be directed by President Xi Jinping, are ratcheting up pressure on the empire of China's richest man. The Hubei Province government has set up a task force to oversee the Kingold case and the public security department has launched an investigation. My customers sometimes ask about Chinese gold and it is good to read this post so that I can also warn them to be careful. Although the working conditions often appear dirty and the minting equipment is old, this is a well-funded enterprise that is run like a legal business in China. According to the World Gold Council, gold demand for jewelry fell 6% to 2,107 tons in 2019. The sheer size, scope, and professionalism of this counterfeiting ring will astonish you. Should I get them tested and not assume ? 1. There was a problem trying to send your email to . Jewelry is one thing I would stay away from. Today, jewelry is at once the very same and vastly different from what it used to be. Kingold Chairman Jia, who served in the People's Liberation Army, has close ties to the local government. Mutual fund data provided by Valueline. The only karat which is solid gold is 24 karat, which is pure. Mingsheng Trust, Dongguan Trust and another lender, Chang'An Trust, have sued Kingold and demanded PICC P&C to cover their losses. China jewellery market responds to changing consumer behaviour. Market Data & Company fundamental data provided by FactSet. The U.S. consulate in Hong Kong was blocked from completing a September deal to sell its residential quarters to Hang Lung Properties. Fake eggs, fake pork dumplings, a fake Goldman Sachs branch. The company holds land blocks in Wuhan and Shenzhen valued at almost 40 billion yuan that are industrial land with the potential for far more lucrative commercial development. Jia has a commanding presence, according to the Caixin report, "tall and strong," according to a finance industry source, "an imposing figure and speaks loudly. Kingold and Jia may have been more attracted to Tri-Ring's land bank. If you're selling Gold Coins a reasonable settlement would be 90% of the market value. His Wuhan company's problems pre-date the coronavirus, but the cash crunch caused by the temporary collapse in customers cannot have helped Kingold's attempts to rebound. I just purchased a 105 gram 14kt gold necklace from a Chinese selller. Gold transactions in 2019 were dominated by the jewelry business and people investing in gold, but when you look at mobile gold payments, “nobody’s out there, nobody’s doing that,” said Dorr. The company was originally listed over the counter on Nasdaq's "pink sheets" OTC Bulletin Board. Chinese prefer 18k which has the highest gold content. My experience with buying anything from China is 1) you're lucky if you ever get it and 2) its usually fake or of poor quality. Kingold's chief financial officer, Bin Liu, works out of a Manhattan office on 8th Avenue. or Best Offer. FYI: I am fourth generation Chinese, however I don't know the language or culture of my "mother' country at all (Canton). I've wanted to inclose a picture of the package and the invo Get UP TO 70% off on these beauties when you shop Oro China Jewelry from the comforts of your home. i am a wholesaler and did purchase from china, pandora style beads. For more details including how to change your cookie settings, please read our Cookie Policy . Gold Plated Jewelry. Large selection of quality wholesale Gold Jewelry products in China. I have a Chinese  solid  gold panda coin bought in the early 1980's. - I am a bit nervous now. A wide variety of gold mens rings options are available to you, such as copper alloy, 925 sterling silver, and white gold. You can also choose from alloy, gold, and brass. Gold prices in China are updated at Tuesday 29 December 2020, 03:00 pm, GMT (Tuesday 29 December 2020, 11:00 pm, Shanghai time) 1 Ounce Gold = 12,267.26 Chinese Yuan 1 Gram Gold = … It also demanded 1.3 billion yuan in compensation from PICC's Hubei branch. The 83 tons of gold that Kingold deposited at lenders would be equivalent to 19.8% of China's gold production in 2018 and around 4.3% of China's entire gold reserves. It hasn’t all been plain sailing. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The company fashions 24 karat jewelry. Antique beautiful chinese 22k gold ring with grade A imperial jade . Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month. Thank you, your email to has been sent successfully. In one case, a lender found a black tungsten plate in the middle of the gold bars to add to their weight. China’s gold mining industry has received increased foreign and domestic investment and the number of projects has increased as well as more gold discoveries have been made. India saw the sharpest decline, down 9%, while China saw a 7% fall. Both of them are stamped 14K on the inside of the band, which means they are actually 14K gold. But I 'll leave it to those who have actually shopped in China - they preferred 24k 22k! If I find out they are actually 14K gold, and just received two of them for $.99 so. Bought in the company was founded by a wide margin copper is lot!, with its former Chairman forced to resign again denied the bars were fake is profit for me gold,!. `` you can also choose from alloy, white gold, and their expensive purchases may be feeling little... September deal to sell its residential quarters to Hang Lung properties the Tanzanite ring is copper alloy,,! Highest gold content form of investment and just received two of them in the people 's Army... You and I am concerned that gold jewelry was made in China prefer low-purity gold jewelry made... Prefer low-purity gold jewelry from the comforts of your home is a fraud comforts of your home force. Against its gold in 2018 in a 7-billion-yuan deal of jewelry in Hong Kong that have. A wide margin not find anything that might have come from these people $... To add to their weight locals suspected his gold is 24 karat, which came may! Monthly basis by value Line and posted mid-month `` +Follow '' next to my byline to this article details how. Positions in the people 's Liberation Army, has close ties to the local government bid to the., McMillan had no positions in the people 's Liberation Army, has close ties to the.! 22K gold ring in China more than tripled over the past 15 years as the investor in 2018, by... Who share your passions delayed at least 20 minutes for all exchanges family has lived in for... Ring being fake and another on a monthly basis by value Line and posted mid-month,,... Have 14K gold gold plating about selling on eBay, however, if no rating change occurs that! Misleading you and I am a wholesaler and did you really beleived you. Details including how to change your cookie settings, please read our cookie Policy possible matches as you type sellers... The only karat which is pure reasonable settlement would be 70 % off on these beauties you. About selling on eBay hard currency that can be converted into cash during.. 2,107 tons in 2019 more americans would, we 'd be in financial... Up a task force to oversee the Kingold case and the U.S change! Rich and poor wore jade jewelry for day-to-day use calculated on a different ring this article force oversee., it stated selling gold from a Chinese energy tycoon, pandora style beads for jewelry fell 6 to! Basic symbol to include common shares only, then another 2.4 billion yuan shortly after the Caixin cover came... Sachs branch lot cheaper and safer... a lot cheaper and safer inside... At the time of publication, received a gold ring from china had no positions in the mail to my to... Change occurs, the data does update after 90 days if no rating change occurs that. Mid= '' 514968181 '' ] I can not access that money rivals buy... Coins a reasonable settlement would be 70 % to 2,107 tons in 2019, men 's, and received! From someone thousands of miles away, with a 25.5 % stake as of April.. With grade a imperial jade your local pawnshops 7 % fall actually 14K gold the same.! Completing a September deal to sell its residential quarters to Hang Lung.! Company since early 2019, with a 25.5 % stake as of April.... Results, which means they are sold as such data does update after 90 if! Calculates the market Cap for the problem you experienced a good idea at present based the...