Smart gold recycling and self-service gold jewelry purchasing terminal debuts
Kinghood, a company ranked among Fortune China 500, recently particpated at the Jewellery & Gem World (JGW) Hong Kong trade show and introduced their international version of the Smart Gold Store. The self-developed smart gold recycling and self-service gold jewelry purchasing terminal offered professional international attendees and Hong Kong citizens an eco-friendly and intelligent gold purchasing experience akin to using an ATM.
The average gold ore grade worldwide is about 1 gram per ton, and the annual gold mining volume of 3,000 tons consumes nearly 3 billion tons of gold ore each year. According to the United Nations Environment Programme (UNEP), approximately 70 countries worldwide still use outdated gold extraction methods based on mercury in small-scale gold mining, releasing harmful gases that directly affect the atmosphere. Recycling privately held gold can reduce the reliance on mining resources and environmental pollution, making it a crucial part of the industry’s sustainable development.
The Kinghood Smart Gold Store has successfully overcome the technological challenges of intelligent detection for small gold weights and multiple jewelry items, achieving standardized and transparent recycling. The equipment is quickly integrated into various scenarios, such as banks and shopping malls, expanding recycling channels and enhancing the volume and reuse of gold. In addition to gold recycling, the Smart Gold Store offers a self-service purchase terminal for gold gifts. Users can also enjoy personalized gold customization through the C2M digital online customization platform, allowing them to set product styles, preview 3D models, receive real-time quotes, and complete their orders. This digital technology has opened up new avenues for the recycling and customization markets, reshaping the landscape of gold recycling, purchasing, and customization while creating innovative growth points for the industry.
As of September, Kinghood has established smart gold stores in nearly 40 key cities across China, including Beijing, Shenzhen, Macau, Hangzhou, Xiamen, and Urumqi. The stores are located in various channels such as banks, supermarkets, and retail shops, providing a convenient and rich gold consumption experience for more consumers.
