From 18 to 22 September 2024, KINGHOOD Group, listed among Fortune China 500 companies, participated in Jewellery & Gem World (JGW) Hong Kong. During the event, the company introduced the international version of its Smart Gold Store for the first time in Hong Kong. This innovation is designed to provide an eco-friendly and intelligent gold purchasing and recycling experience, resembling the convenience of an ATM. KINGHOOD showcased its technology at the International Premier Pavilion (IPP), including a self-developed smart gold recycling terminal and a self-service gold jewelry purchasing terminal.
JGW Hong Kong, known for its role in connecting global jewelry industry stakeholders, featured over 3,300 exhibitors and nearly 54,000 buyers from 142 countries. It serves as a key platform for expanding business networks and forming partnerships within the jewelry sector.
KINGHOOD’s efforts in gold recycling were acknowledged earlier this year when its Smart Gold Store won the “Manufacturing Innovation Award” at the 2024 Jewellery World Awards (JWA). This award recognized KINGHOOD’s initiatives in resource recycling and reducing pollution in the gold recycling process. The company’s Operations Director, Wang Wei, discussed the importance of sustainability during the JGW event’s “Sustainability Heroes Panel Series,” where various leaders explored sustainable practices in the jewelry industry.
Gold recycling has become a critical component of sustainability in the gold industry, as traditional mining methods have significant environmental impacts. KINGHOOD’s smart recycling terminals aim to reduce reliance on new mining resources by offering consumers a more convenient way to recycle gold.
As of September, KINGHOOD has established smart gold stores in nearly 40 key cities across China, providing consumers with a convenient and diverse gold consumption experience. The company’s innovative approach to gold recycling, purchasing, and customization has the potential to reshape the industry and create new growth opportunities.
KINGHOOD’s international version of the Smart Gold Store, introduced at JGW, features advanced hardware, including a precision electronic scale capable of switching between major global measurement units and a detector with international compatibility, ensuring an accuracy of up to 0.01%. The system supports global account registration and payments, accommodating mobile numbers from over 200 countries and accepting multiple currencies such as USD, GBP, EUR, and JPY. Additionally, it connects to international spot market gold prices and can be customized for local regulations, measurement units, and languages, making it adaptable to various regions.
This technology has attracted interest from merchants in countries such as Singapore, Morocco, and India. KINGHOOD’s goal is to expand its Smart Gold Store into international markets, offering a scalable solution that enables global consumers to engage in gold transactions with ease.
Featured Image via Pixabay
