Kingold Jewelry, Inc. Schedules Conference Call to Discuss Fourth Quarter and Full Year 2010 Results

Mar 22, 2011, 10:41 ET from Kingold Jewelry, Inc.

WUHAN CITY, China, March 22, 2011 /PRNewswire-Asia/ -- Kingold Jewelry, Inc. ("Kingold" or the "Company") (NASDAQ: KGJI), one of China's leading manufacturers and designers of 24-Karat gold jewelry and ornaments, today announced that the Company will conduct a conference call at 9:00 a.m. Eastern Time (ET) on Thursday, March 31, 2011, to discuss fourth quarter and full year 2010 financial results. Hosting the call will be Mr. Zhihong Jia, Chairman and Chief Executive Officer, and Mr. Bin Liu, Chief Financial Officer. The Company plans to distribute its earnings press release prior to the conference call.

The conference call can be accessed by dialing 866-759-2078 (U.S. and Canada callers) or 706-643-0585 (international callers) and entering the conference ID 53928409 approximately five to ten minutes prior to the call. A replay will be available for two weeks starting on Thursday, March 31, 2011 at 11:00 a.m. ET by dialing 800-642-1687 (U.S. and Canada callers) or 706-645-9291 (International callers) and entering the conference replay ID 53928409.

About Kingold Jewelry, Inc.:

Kingold Jewelry, Inc. (NASDAQ: KGJI), centrally located in Wuhan City, China's fourth largest city, was founded in 2002 and today is one of China's leading designers and manufacturers of 24-Karat gold jewelry and ornaments sold by weight. The Company sells both directly to retailers as well as through major distributors across China. Kingold has received numerous industry awards and has been a member of the Shanghai Gold Exchange since 2003. Sales have grown from $29 million in FY 2006 to $250 million in FY 2009 with net income growing from $1.3 million to $8.7 million over the same period.

Company Contact:

Kingold Jewelry, Inc

Bin Liu, CFO Phone: +1-212-509-1700 (US) / +86-27-6569-4977 (China)

Email: bl@kingoldjewelry.com

www.kingoldjewelry.com

Investor Relations Contact:

CCG Investor Relations

Kalle Ahl, CFA

Phone: +1-646-833-3417 (New York)

E-mail: kalle.ahl@ccgir.com

www.ccgir.com

SOURCE Kingold Jewelry, Inc.