Kingold Jewelry Inc's (NASDAQ:KGJI) Golden Ventures in 2013

Las Vegas, NV -- (SBWIRE) -- 02/15/2013 -- Kingold Jewelry Inc., (NASDAQ:KGJI) closed at $1.38 with a fall of 1.99% in its last trading session. In last 52 weeks company shares traded lowest at $0.97 and the highest at $2.93.

Recently the company has settled a $40.2 Million agreement for leasing gold with the China Construction Bank. Besides this venture expected to be highly financially rewarding, company has taken loans from CITIBANK last year worth US$ 6.4 million. With an expectation of variations in gold prices in year 2013, agreement has decided a cap of 95% to hedge the risks associated.

Kingold Jewelry Inc designs and sells jewellery made up of gold. The company buys gold in huge amounts that is used in jewellery manufacturing of 24 karat. Products are also manufactured, marketed and sold in China. The jewellery is produced inside rather outsourcing which saves it design patterns and manufacturing processes privacy. The quality of gold is assured to be pure both at the time of purchase as inventory and selling as finished in the form of jewellery. Tons of gold jewellery has been sold in 2011 and investors wait as they will soon get to know volume sold in 2012.

To find out what OTCMAGIC projects for Kingold Jewelry Inc for both short term and long term please click here: KGJI

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