A Celebration of Jewelry and the Business Behind the Beauty
Leibish & Co
Wednesday, August 18, 2010
Chinese Jewelry Company Opens Trading on NASDAQ
Kingold Jewelry Inc., a Chinese gold jewelry manufacturer and designer, ended its first day of trading on NASDAQ at just under $8 a share, a 10 percent gain on the day.
The company, based in the central city of Wuhan, was founded in 2002 and is one of China's leading designers and manufacturers of 24K gold jewelry sold by weight. The company sells both directly to retailers and through major distributors across China. Kingold has been a member of the Shanghai Gold Exchange since 2003. It trades under the symbol, KGJI. Prior to moving to NASDAQ its shares were traded on the Over the Counter securities market.
Zhihong Jia is the chairman and CEO of the company. He and other Kingold officials presided over the closing bell today. Hopefully, I’ll get a better image of the scene later. Meanwhile, you can see a video of the proceeding on the NASDAQ Facebook page.
This blog is for those who are passionate about jewelry and watches and want to learn more about the industry. It's a place to find the best new products from all over the world and the latest news about the business of jewelry, watches and luxury. Readers gain a backstage pass to the glamour, fun and difficulties of the industry.
I am a freelance writer and editor who covers the luxury jewelry and watch industry for several publications, including Forbes.com the Financial Times, Hong Kong-based JewelleryNetAsiaand the Italian jewelry magazine, VO+. In addition, I have my own blog covering the jewelry and watch industry, Jewelry News Network.