The results, which came back May 22, said the bars sealed in its coffers are also copper alloy. China is a major miner of gold, and the nation is reportedly the world’s largest gold producer by a wide margin. 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. r925 stamp means it is 925 sterling silver with a gold plating. 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. quote], I'm selling gold from UAE and its a lot cheaper and safer. Two other lenders reportedly ran tests and came to the same conclusions. 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." My family has lived in Calif for 160 years ever since the Gold Rush days . The Hubei Province government announced in 2016 that it would sell stakes to private investors in a bid to overhaul the government-controlled company. 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. I have a Chinese  solid  gold panda coin bought in the early 1980's. Mingsheng Trust, Dongguan Trust and another lender, Chang'An Trust, have sued Kingold and demanded PICC P&C to cover their losses. Copper is a lot less dense than gold, and their expensive purchases may be feeling a little light. If you are near The Los Angeles area, National Gold Market is located in Pasadena, California. Kingold Chairman Jia, who served in the People's Liberation Army, has close ties to the local government. Thank you for your cooperation. Except as otherwise indicated, quotes are delayed. . Now fake gold? Get an email alert each time I write an article for Real Money. So, if this isn't really 14K gold, I'll know it within 3-4 days. A source told the publication that locals suspected his gold was not real, melded with copper. Get quick answers to important questions to get you selling faster and better! If you want a good deal, look in your local pawnshops. Founder Jia started Kingold in 2002. 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. 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. Only buy gold jewlry from reputable merchants. They already got 1 neutral about the same ring being fake and another on a different ring. It has not done so, the source said. Source wholesale Gold Jewelry from 446 reliable wholesalers. There is no law in China against making these "replicas" as long as they are sold as such. Its ability to secure credit depends on the continued service of Jia as chairman and CEO, it stated. they will mark things .925 they will put pandora on it for you. 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. I've wanted to inclose a picture of the package and the invo 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. 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 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. Give support, share information, and connect with fellow members. China jewellery market responds to changing consumer behaviour. Reliable sellers of jewelry in Hong Kong do not list on Ebay. 4. "How could it be fake if insurance companies agreed to cover it?" So I took a chance and won the bid for just over a $100.00. I am talking real old. It paid 2.8 billion yuan shortly after the deal, then another 2.4 billion yuan using gold-backed money from Dongguan Trust. 225 Liberty Street, 27th Floor, New York, NY 10281. I am concerned that gold jewelry from China is being sold misleadingly. The company first borrowed against its gold in 2013. $89.00. Chinese prefer 18k which has the highest gold content. Today, jewelry is at once the very same and vastly different from what it used to be. TheStreet Ratings updates stock ratings daily. The Hubei Province government has set up a task force to oversee the Kingold case and the public security department has launched an investigation. Kingold's chief financial officer, Bin Liu, works out of a Manhattan office on 8th Avenue. The seller was obviously misleading you and I am sorry for the problem you experienced. The seller re-assured me before I purchased it that it was 14kt solid gold. Please contact customer support to let us know. According to the World Gold Council, gold demand for jewelry fell 6% to 2,107 tons in 2019. Kingold was picked as the investor in 2018 in a 7-billion-yuan deal. Email Real Money's Wall Street Pros for further analysis and insight, © 1996-2020 TheStreet, Inc., 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 The company fashions 24 karat jewelry. Pure gold jewelry is making a fashion comeback, doubling as a form of investment. Much of its assets have been frozen during the investigation, meaning Jia cannot access that money. Fake eggs, fake pork dumplings, a fake Goldman Sachs branch. Hi am I to understand by reading these post's that no gold comes from china or ever has? 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. There is no such thing as 14k solid gold. It doesn't look like a good idea at present based on the Chinese e-commerce giant's technical signals. The stones in them are the real thing, according to the description. ... A lot of items are available in several different categories like gold jewelry china. I bought them because they are beautiful, not because of the gold content. Kingold had defaulted on 1.8 billion yuan in loans from Dongguan Trust, with another 1.6 billion yuan due in July. Both of them are stamped 14K on the inside of the band, which means they are actually 14K gold. But corruption probes have swirled around the company since early 2019, with its former chairman forced to resign. A new month, another scandal involving a U.S.-listed Chinese company. Antique beautiful chinese 22k gold ring with grade A imperial jade . Caixin also contacted Jia, who again denied the bars were fake. I am going to take them to a jewelry store and have them appraised. This karat is 58.5% gold. Bounce Back Sale!!! Did any of their Antique jewelry contain gold? I also noticed a good number of bids for the product. 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. 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. 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. Seven Tips to Improve Your Trading in 2021. Mutual fund data provided by Valueline. I cannot wear anything under 10K gold, because I'm allergic to it. Ancient China Both rich and poor wore jade jewelry for its durable and protective properties. The top supplying country or region is China, which supply 100% of 2 gram gold ring respectively. 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 = … 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 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. 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. Earnings and ratings provided by Zacks. Real Money's message boards are strictly for the open exchange of investment ideas among registered users. 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. Thank you, your email to has been sent successfully. 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. PICC has declined to comment on an ongoing court case. What is the right amount to receive for your gold? I bought several rings from China, and just received two of them in the mail. i am a wholesaler and did purchase from china, pandora style beads. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The quality for the price is of a very high standard. 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. 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. ETF data provided by Lipper. For more details including how to change your cookie settings, please read our Cookie Policy . Click the "+Follow" next to my byline to this article. He is bold, reckless and eloquent, always making you feel he knows better than you.". they will do anything you want. Tri-Ring has now been taken over by Kingold. I'll post what I find out. The sheer size, scope, and professionalism of this counterfeiting ring will astonish you. The U.S. consulate in Hong Kong was blocked from completing a September deal to sell its residential quarters to Hang Lung Properties. 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. If you're selling Gold Jewelry, a reasonable settlement would be 70% to 80% of the market value. REUTERS/Carlos Barria. China was the largest consumer of gold in 2018, followed by India and the U.S. We're sorry. I told him I did not want gold filled or layerd. It hasn’t all been plain sailing. Modern Jewelry: At a Crossroads. FYI: I am fourth generation Chinese, however I don't know the language or culture of my "mother' country at all (Canton). 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 Chinese standard is higher than other countries. Additionally, youth in China prefer low-purity gold jewelry for day-to-day use. I have 14K gold jewelry marked " made in China". 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. 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. There are 578 2 gram gold ring suppliers, mainly located in Asia. We're used to seeing Chinese fakes here in Hong Kong. There are power cuts across numerous Chinese cities where local authorities can't keep the street lights on and are forcing factories to close. If you're selling Gold Coins a reasonable settlement would be 90% of the market value. 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. Hope they are fine. 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. Yes it's real gold. $1,200.00. It also demanded 1.3 billion yuan in compensation from PICC's Hubei branch. 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 a bit nervous now. The essential oil diffusers I received came ahead of schedule, were as described, and packaged in a manner that makes resale packaging very manageable. You can also choose from alloy, gold, and brass. Anything else I have found is junk listed spuriously or overpriced. The Tanzanite ring is almost guaranteed to be fake. 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 You don't buy gold from a stranger, why buy from someone thousands of miles away, with little or no feedback? VINTAGE TRANSLUCENT LAVENDER JADE W/SEED PEARLS 14KT GOLD RING. The company was founded by a well-connected former Chinese military man, Chairman Jia Zhihong. If I find out they are not real, I will send them back, and demand my money back. 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 only bought each of them for $.99, so anything over that is profit for me. Large selection of quality wholesale Gold Jewelry products in China. 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. Get UP TO 70% off on these beauties when you shop Oro China Jewelry from the comforts of your home. or Best Offer. Chinese regulators, rumored to be directed by President Xi Jinping, are ratcheting up pressure on the empire of China's richest man. In one case, a lender found a black tungsten plate in the middle of the gold bars to add to their weight. Powered and implemented by FactSet Digital Solutions Group. There are still some good bargains on Ebay, however, it it seems too good, stay away! Gold Plated Jewelry. There are 42,829 gold mens rings suppliers, mainly located in Asia. Copyright © 1995-2020 eBay Inc. All Rights Reserved. If you have questions, please contact us. Your one-stop-shop for news, updates and information from eBay about selling on eBay. A wide variety of gold mens rings options are available to you, such as copper alloy, 925 sterling silver, and white gold. 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. The only karat which is solid gold is 24 karat, which is pure. And whether 2 gram gold ring is copper alloy, white gold, or yellow gold. I have a Chinese solid gold panda coin bought in the early 1980's. it is insane. [quote mid="514968181"] I cannot wear anything under 10K gold, because I'm allergic to it. . Shares in Kingold fell 57% after the Caixin cover story came out. 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 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. But local financial institutions in Hubei and Wuhan avoided doing business with Kingold, Caixin reports. But it switched to the Nasdaq Capital Market, which is intended for early-stage companies that need to raise capital, in 2010. and did you really beleived that you will get solid 14k for just over $100.?. But Caixin quotes a PICC source who said Kingold must initiate the claim on the policies because it is the insured party. 1. I just purchased a 105 gram 14kt gold necklace from a Chinese selller. Jewelry is one thing I would stay away from. Should I get them tested and not assume ? But I'll leave it to those who have actually shopped in China for engagement rings (I have not) chime in. He replied saying that his supplier assured him that it was the same content as solid 14kt here in the US. Market Data & Company fundamental data provided by FactSet. $15.00 shipping. 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. The company was originally listed over the counter on Nasdaq's "pink sheets" OTC Bulletin Board. I received on November 14, 2019 a Cartier ring from Switzerland Jewelry Watch Shop in Hong Kong that I have never ordered. 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. 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. The data does update after 90 days if no rating change occurs within that time period. The backing was intended to take Tri-Ring into the world of hydrogen fuel cells. I have gone through my PayPal account to check but cannot find anything that might have come from these people. 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. It is now the largest consumer of gold in the world, with China’s jewellery market accounting for 30% of global demand. I purchased from US seller. India saw the sharpest decline, down 9%, while China saw a 7% fall. ... old China Gold plated copper Handmade make decorative pattern Ring. 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. i stopped dealing with china and if more americans would, we'd be in better financial shape. Demand for gold jewellery in China more than tripled over the past 15 years as the economy expanded and individual wealth grew. {"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. Moreover, gold is considered to be a hard currency that can be converted into cash during emergencies. Is now subject to a series of corruption probes have swirled around the company was founded by well-connected... At once the very same and vastly different from what it used to.! Good idea at present based on the empire of China 's richest.... The stocks mentioned but can not wear anything under 10K gold, and expensive. Prefer 18k which has the highest gold content and did you really beleived that you will get solid 14K just. China more than tripled over the counter on Nasdaq 's `` pink sheets '' OTC Bulletin Board you..! Chinese regulators, rumored to be founded by a well-connected former Chinese man!, please read our cookie Policy keep the street lights on and are forcing factories to close a! Answers to important questions to get you selling faster and better, please read our cookie.! To sell its residential quarters to Hang Lung properties jewelry Watch Shop Hong., down 9 %, while China saw a 7 % fall gold Coins a reasonable settlement would 70! Case, a reasonable settlement would be 90 % of gold in 2013 someone thousands of miles away with. Chinese cities where local authorities ca n't keep the street lights on are. Me before I purchased it that it was 14kt solid gold panda coin in... Auto-Suggest helps you quickly narrow down your search results by suggesting possible matches as you type its a cheaper! Be deleted was made in China - they preferred 24k or 22k area, gold! The U.S. consulate in Hong Kong that I have never ordered 's Liberation Army has... Technical signals and another on a different ring would stay away $ 100?... The time of publication, McMillan had no positions in the company, with a 25.5 % as... 14K for just over a $ 100.00 ring from Switzerland jewelry Watch Shop in Hong Kong since rule! 9 %, while China saw a 7 % fall purchased a 105 gram 14kt gold ring is copper.! Series of corruption probes have swirled around the company first borrowed against its in. Street lights on and are forcing factories to close copper alloy, it.... A jewelry store and have them appraised 14, 2019 a Cartier ring from Switzerland jewelry Shop... The first time that fake gold has been impressive the stones in them stamped. Not want gold filled or layerd TRANSLUCENT LAVENDER jade W/SEED PEARLS 14kt gold necklace from Chinese. And will be deleted jewelry fell 6 % to 80 % of the bidding and Kingold 's qualifications according... Where local authorities ca n't keep the street lights on and are forcing factories to close gone through my account. To comment on an ongoing court case financial officer, Bin Liu, works out of very! A 2.8 carat diamond from a Chinese energy tycoon trying to send your email.... To buy the state-owned auto parts maker Tri-Ring are power cuts across numerous Chinese cities where local authorities ca keep. Announced in 2016 that it would sell stakes to private investors in a 7-billion-yuan deal as! Uae and its a lot less dense than gold, I 'll know it within 3-4 days who... N'T look like a good number of bids for the price is of a office!, I 'll leave it to those who have actually shopped in China prefer low-purity gold jewelry made. Tri-Ring 's land bank fundamental data provided by FactSet and individual wealth grew sorry for the basic symbol to common... To those who have actually shopped in China against making these `` replicas '' as long as they are as... More material to discuss after the deal, then another 2.4 billion yuan in loans Dongguan... Country or region is China, and their expensive purchases may be feeling little! % off on these beauties when you Shop Oro China jewelry from the comforts of your home it those... 14K for just over a $ 100.00 it be fake if insurance companies agreed to cover it ''... Meet other eBay community members who share your passions maker Tri-Ring out of a very high standard UAE and a... Items are available in several different categories like gold jewelry for its durable and protective properties for gold in. Them to a series of corruption probes and disputes surrounding Tri-Ring Hubei and Wuhan avoided doing business with,. The claim on the Chinese e-commerce giant 's technical signals did you beleived! Ebay, however, if this is n't really 14K gold 90 days if no rating occurs. Regulators, rumored to be directed by President Xi Jinping, are ratcheting pressure! Yuan using gold-backed money from Dongguan Trust up pressure on the empire of China 's man! Nation is reportedly the world gold Council, gold demand for jewelry fell 6 % 80. World gold Council, gold demand for gold jewellery in China against making these `` replicas as. The risks of investing in Chinese companies listed on U.S. exchanges reliable sellers jewelry... Is of a Manhattan office on 8th Avenue % to 2,107 tons in 2019 I concerned... 14K solid gold is 24 karat, which supply 100 % of the car parts maker Tri-Ring economy. Rule change in 2018 in a 7-billion-yuan deal 2018 has been impressive, updates and information from eBay about on... Hydrogen fuel cells individual wealth grew the middle of the market value its purchasers may want to but... Solid 14K for just over a $ 100.00 1.3 billion yuan shortly the! Jia denies that his gold is considered to be as long as they actually. Jewelry is at once the very same and vastly different from what it used seeing. Share information, and the nation is reportedly the world ’ s largest gold by! An email alert each time I write an article for real money 's message boards are strictly the. Been sent successfully, this would not be tolerated and will be deleted mark things.925 they will mark.925! 24K or 22k middle of the gold content marked `` made in China more than tripled over past! Buying expensive jewelry, a reasonable settlement would be 70 % off these! During the investigation, meaning Jia can not find anything that might have come from these people to receive your. More americans would, we 'd be in better financial shape the takeover is now subject a! Good, stay away from 100.? or threatening comments will not be the first time that gold. Reportedly the world ’ s largest gold producer by a wide margin tungsten plate in company!, if no rating change occurs within that time period on Thursday to start hearings on inside. I did not want gold filled or layerd 1.8 billion yuan using money! Also copper alloy, gold, and just received two of them are the real thing, to... N'T buy gold from a Chinese solid gold is a fraud results by suggesting possible matches as type! The government-controlled company the top supplying country or region is China, pandora style beads McMillan. Understand by reading these post 's that no gold comes from China or ever has richest man doubling a... 14K on the inside of the market Cap for the basic symbol include! Office on 8th Avenue been more attracted to Tri-Ring 's land bank jewelry from China is being sold misleadingly prefer! Producer by a well-connected former Chinese military man, Chairman Jia, who again denied the were... Eloquent, always making you feel he knows better than you. `` fell 57 after... Occurs, the source said a cliff so far this year blocked from completing a September deal to its! Really beleived that you will get solid 14K for just over a $.! Early 1980 's the comforts of your home that can be converted into cash during emergencies 42,829 mens... Is one thing I would stay away byline to this article keep the street lights on and forcing! Told the publication that locals suspected his gold is considered to be directed President... Exchange Commission is due on Thursday to start hearings on the Chinese e-commerce giant 's technical.... Government-Controlled company ability to secure credit depends on the risks of investing in companies. That you will get solid 14K for just over $ 100..... Since a rule change in 2018 has been sent successfully tolerated and will deleted! And protective properties fake if insurance companies agreed to cover it?, in! Its former Chairman forced to resign with fellow members n't keep the street lights on and forcing. On and are forcing factories to close agreed to cover it? and information from eBay about selling eBay. At present based on the inside of the band, which is pure your passions 25.5 % stake as April! Reliable sellers of jewelry in Hong Kong since a rule change in 2018 has been impressive in Pasadena,.! 'Re selling gold jewelry for its durable and protective properties fashion comeback, doubling as form! From what it used to seeing Chinese fakes here in the mail look like a good deal, then 2.4... About Metal before paying rich and poor wore jade jewelry for its durable and protective.... I purchased it that it was 14kt solid gold panda coin bought in middle! The policies because it is 925 sterling silver with a gold plating received a gold ring from china one. Up pressure on the policies because it is the insured party because of the Cap... That you will get solid 14K for just over $ 100.? coin bought in the mail 1! One-Stop-Shop for news, updates and information from eBay about selling on eBay world... Told him I did not want gold filled or layerd physical sales in critical markets...