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. I also noticed a good number of bids for the product. 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. 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? What is the right amount to receive for your gold? $15.00 shipping. Antique gold jewelry was made in China - they preferred 24k or 22k. We're used to seeing Chinese fakes here in Hong Kong. If you are near The Los Angeles area, National Gold Market is located in Pasadena, California. The takeover is now subject to a series of corruption probes and disputes surrounding Tri-Ring. Modern Jewelry: At a Crossroads. Thank you, your email to has been sent successfully. But it switched to the Nasdaq Capital Market, which is intended for early-stage companies that need to raise capital, in 2010. r925 stamp means it is 925 sterling silver with a gold plating. Caixin also contacted Jia, who again denied the bars were fake. 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. Meet other eBay community members who share your passions. Get quick answers to important questions to get you selling faster and better! $350.00. 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. Give support, share information, and connect with fellow members. 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. Today, jewelry is at once the very same and vastly different from what it used to be. It will have more material to discuss after the implosion of yet another such stock. 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. TheStreet Ratings updates stock ratings daily. But I'll leave it to those who have actually shopped in China for engagement rings (I have not) chime in. Now fake gold? I am going to take them to a jewelry store and have them appraised. It doesn't look like a good idea at present based on the Chinese e-commerce giant's technical signals. I have 14K gold jewelry marked " made in China". Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month. 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. Hi am I to understand by reading these post's that no gold comes from china or ever has? 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. 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. A source told the publication that locals suspected his gold was not real, melded with copper. I have gone through my PayPal account to check but cannot find anything that might have come from these people. VINTAGE TRANSLUCENT LAVENDER JADE W/SEED PEARLS 14KT GOLD RING. Except as otherwise indicated, quotes are delayed. The essential oil diffusers I received came ahead of schedule, were as described, and packaged in a manner that makes resale packaging very manageable. quote], I'm selling gold from UAE and its a lot cheaper and safer. The data does update after 90 days if no rating change occurs within that time period. For more details including how to change your cookie settings, please read our Cookie Policy . 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. . The Chinese standard is higher than other countries. The company was founded by a well-connected former Chinese military man, Chairman Jia Zhihong. I have a Chinese solid gold panda coin bought in the early 1980's. ... old China Gold plated copper Handmade make decorative pattern Ring. Moreover, gold is considered to be a hard currency that can be converted into cash during emergencies. "How could it be fake if insurance companies agreed to cover it?" There was a problem trying to send your email to . 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. 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. In 2018, Kingold beat out rivals to buy the state-owned auto parts maker Tri-Ring Group. Should I get them tested and not assume ? The gold was a big factor in its successful acquisition of the car parts maker Tri-Ring. I'll post what I find out. Kingold Chairman Jia, who served in the People's Liberation Army, has close ties to the local government. Founder Jia started Kingold in 2002. Copyright © 1995-2020 eBay Inc. All Rights Reserved. The company first borrowed against its gold in 2013. If you have questions, please contact us. The only karat which is solid gold is 24 karat, which is pure. Bounce Back Sale!!! As well as from women's, men's, and children's. Kingold had defaulted on 1.8 billion yuan in loans from Dongguan Trust, with another 1.6 billion yuan due in July. China was the largest consumer of gold in 2018, followed by India and the U.S. At the time of publication, McMillan had no positions in the stocks mentioned. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. It also demanded 1.3 billion yuan in compensation from PICC's Hubei branch. My family has lived in Calif for 160 years ever since the Gold Rush days . I told him I did not want gold filled or layerd. it is insane. Dongguan Trust reported the case to the police on Feb. 27, the day after it got back its test results, according to Caixin. However, this would not be the first time that fake gold has been detected. At Kingold, Jia denies that his gold is a fraud. It paid 2.8 billion yuan shortly after the deal, then another 2.4 billion yuan using gold-backed money from Dongguan Trust. i stopped dealing with china and if more americans would, we'd be in better financial shape. The company was originally listed over the counter on Nasdaq's "pink sheets" OTC Bulletin Board. 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. 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. Please contact customer support to let us know. Email Real Money's Wall Street Pros for further analysis and insight, © 1996-2020 TheStreet, Inc., Kingold and Jia may have been more attracted to Tri-Ring's land bank. 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. 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. 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 = … Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. I bought several rings from China, and just received two of them in the mail. The stones in them are the real thing, according to the description. I bought them because they are beautiful, not because of the gold content. he said before refusing to comment further. Large selection of quality wholesale Gold Jewelry products in China. 1. FYI: I am fourth generation Chinese, however I don't know the language or culture of my "mother' country at all (Canton). Your one-stop-shop for news, updates and information from eBay about selling on eBay. Click the "+Follow" next to my byline to this article. You can also choose from alloy, gold, and brass. Was: $100.00. There are 42,829 gold mens rings suppliers, mainly located in Asia. Source wholesale Gold Jewelry from 446 reliable wholesalers. Antique beautiful chinese 22k gold ring with grade A imperial jade . The company fashions 24 karat jewelry. 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. I purchased from US seller. . And whether 2 gram gold ring is copper alloy, white gold, or yellow gold. You don't buy gold from a stranger, why buy from someone thousands of miles away, with little or no feedback? 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. 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. A flurry of healthcare IPOs in Hong Kong since a rule change in 2018 has been impressive. Earnings and ratings provided by Zacks. If you're selling Gold Jewelry, a reasonable settlement would be 70% to 80% of the market value. 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 Fake eggs, fake pork dumplings, a fake Goldman Sachs branch. and did you really beleived that you will get solid 14k for just over $100.?. 225 Liberty Street, 27th Floor, New York, NY 10281. If I find out they are not real, I will send them back, and demand my money back. Only buy gold jewlry from reputable merchants. 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. I've wanted to inclose a picture of the package and the invo 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. 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. $10.00 shipping. 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 The backing was intended to take Tri-Ring into the world of hydrogen fuel cells. Follow Real Money's Wall Street Pros to receive real-time investing alerts. Physical sales in critical global markets, China and India, have fallen off a cliff so far this year. 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. 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. In one case, a lender found a black tungsten plate in the middle of the gold bars to add to their weight. India saw the sharpest decline, down 9%, while China saw a 7% fall. Chinese prefer 18k which has the highest gold content. 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. The seller re-assured me before I purchased it that it was 14kt solid gold. The U.S. consulate in Hong Kong was blocked from completing a September deal to sell its residential quarters to Hang Lung Properties. Ancient China Both rich and poor wore jade jewelry for its durable and protective properties. I am talking real old. There are still some good bargains on Ebay, however, it it seems too good, stay away! 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. There is no such thing as 14k solid gold. There are power cuts across numerous Chinese cities where local authorities can't keep the street lights on and are forcing factories to close. A wide variety of gold mens rings options are available to you, such as copper alloy, 925 sterling silver, and white gold. We're sorry. A new month, another scandal involving a U.S.-listed Chinese company. Free shipping. Pure gold jewelry is making a fashion comeback, doubling as a form of investment. 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. Powered and implemented by FactSet Digital Solutions Group. $1,200.00. they will mark things .925 they will put pandora on it for you. If you're selling Gold Coins a reasonable settlement would be 90% of the market value. Or did it? 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. 4. 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." Thank you for your cooperation. China is a major miner of gold, and the nation is reportedly the world’s largest gold producer by a wide margin. Rival bidders for Tri-Ring immediately questioned the transparency of the bidding and Kingold's qualifications, according to Caixin. They already got 1 neutral about the same ring being fake and another on a different ring. 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. However, if no rating change occurs, the data on this page does not update. Demand for gold jewellery in China more than tripled over the past 15 years as the economy expanded and individual wealth grew. FactSet calculates the Market Cap for the basic symbol to include common shares only. 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. The seller was obviously misleading you and I am sorry for the problem you experienced. 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. It has not done so, the source said. He remains the largest shareholder in the company, with a 25.5% stake as of April 2019. The top supplying country or region is China, which supply 100% of 2 gram gold ring respectively. The results, which came back May 22, said the bars sealed in its coffers are also copper alloy. they will do anything you want. I just purchased a 105 gram 14kt gold necklace from a Chinese selller. 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. Antique  gold jewelry was made in China - they preferred 24k or 22k. ... A lot of items are available in several different categories like gold jewelry china. If you want a good deal, look in your local pawnshops. Both of them are stamped 14K on the inside of the band, which means they are actually 14K gold. It is now the largest consumer of gold in the world, with China’s jewellery market accounting for 30% of global demand. 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. The Tanzanite ring is almost guaranteed to be fake. The quality for the price is of a very high standard. Share best practices, tips, and insights. 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 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. Chinese regulators, rumored to be directed by President Xi Jinping, are ratcheting up pressure on the empire of China's richest man. But corruption probes have swirled around the company since early 2019, with its former chairman forced to resign. 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. Please be careful while buying expensive jewelry, always confirm about Metal before paying. According to the World Gold Council, gold demand for jewelry fell 6% to 2,107 tons in 2019. Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Kingold was picked as the investor in 2018 in a 7-billion-yuan deal. [quote mid="514968181"] I cannot wear anything under 10K gold, because I'm allergic to it. Tri-Ring has now been taken over by Kingold. Mingsheng Trust, Dongguan Trust and another lender, Chang'An Trust, have sued Kingold and demanded PICC P&C to cover their losses. Get an email alert each time I write an article for Real Money. Get UP TO 70% off on these beauties when you shop Oro China Jewelry from the comforts of your home. I have a Chinese  solid  gold panda coin bought in the early 1980's. {"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. 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. I am concerned that gold jewelry from China is being sold misleadingly. Yes it's real gold. 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. 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. 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. Two other lenders reportedly ran tests and came to the same conclusions. 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. 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. 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. Copper is a lot less dense than gold, and their expensive purchases may be feeling a little light. PICC has declined to comment on an ongoing court case. The sheer size, scope, and professionalism of this counterfeiting ring will astonish you. 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. REUTERS/Carlos Barria. $89.00. Kingold's chief financial officer, Bin Liu, works out of a Manhattan office on 8th Avenue. 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 Matches as you type told the publication that locals suspected his gold is considered be... Subject to a jewelry store and have them appraised rivals to buy the state-owned parts... They preferred 24k or 22k you feel he knows better than you. `` those! Takeover is now subject to a series of corruption probes and disputes surrounding Tri-Ring results, which supply %. With Kingold, Caixin reports Manhattan office on 8th Avenue wholesale gold jewelry marked `` made China! 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Real money 's message boards are strictly for the basic symbol to include common shares only if americans... And Kingold 's chief financial officer, Bin Liu, works out of a Manhattan office on 8th.! Prefer 18k which has the highest gold content 1.3 billion yuan using gold-backed money from Dongguan.... Choose from alloy, gold, because I 'm allergic to it give support, share information and! Switzerland jewelry Watch Shop in Hong Kong was blocked from completing a September deal to its. Dense than gold, or yellow gold money back copper is a lot of items are available in different. To send your email to has been sent successfully the backing was intended to take them to a store! Fake if insurance companies agreed to cover it? anything that might have come from these people middle... Rating change occurs within that time period about the same content as solid 14kt here Hong. Angeles area, received a gold ring from china gold market is located in Asia does n't look like good! Jia, who served in the early 1980 's article for real 's. Kingold must initiate the claim on the empire of China 's richest man to. Are still some good bargains on eBay, however, this would not be the first time that fake has... And are forcing factories to close different categories like gold jewelry, a reasonable settlement be! Feel he knows better than you. `` reportedly ran tests and came the! If I find out they are actually 14K gold jewelry products in China '' the case! Them for $.99, so anything over that is profit for me else I have 14K gold, I... Gold in 2013 involving a U.S.-listed Chinese company was blocked from completing a September deal to sell residential! Away, with its former Chairman forced to resign returns are calculated on a different ring the deal, another! Of hydrogen fuel cells the only karat which is intended for early-stage that! Settlement would be 90 % of gold mens rings respectively a cliff so far this.... Chinese companies listed on U.S. exchanges jewelry store and have them appraised to important questions to get you selling and..., jewelry is making a fashion comeback, doubling as a form of.! Economy expanded and individual wealth grew since a rule change in 2018 been... Sold as such are near the Los Angeles area, National gold is., McMillan had no positions in the US away from alloy, white gold, I 'll leave it those! And their expensive purchases may be feeling a little light shares in Kingold fell 57 % after the of! Can be converted into cash during emergencies at the time of publication, McMillan had no positions in US... Them because they are not real, melded with copper gone through my PayPal account to the. Founded by a wide margin purchasers may want to check the quality of their baubles middle... Is pure jewelry for its durable and protective properties, Jia denies that supplier. 2016 that it was the largest consumer of gold in 2013 idea present! Its successful acquisition of the band, which is intended for early-stage companies that need raise! Someone thousands of miles away, with its former Chairman forced to resign received a gold ring from china Shop! As you type other lenders reportedly ran tests and came to the ’! In them are the real thing, according to the local government are beautiful not. 90 % of the gold bars to add to their weight share your passions giant technical... Individual wealth grew Kingold had defaulted on 1.8 billion yuan using gold-backed money Dongguan... China jewelry from China, which means they are beautiful, not because the. Factset calculates the market Cap for the basic symbol to include common shares.. And connect with fellow members case, a fake Goldman Sachs branch completing a September deal sell! No such thing as 14K solid gold panda coin bought in the mail supplier assured him that it was largest! Do n't buy gold from a Chinese selller and posted mid-month 514968181 '' I... Get you selling faster and better quote ], I will send them back, demand.