Chinese jewellery designer Kingold has boosted second-quarter profit by 70 per cent.

The company, which specialises in creating branded products from 24k gold acquired from the Shanghai Gold Exchange, has reported a net income of US$13.6 million, compared to $8 million during the same period last year.

The firm says it processed 27.6 metric tons of 24-karat gold products.

Chairman and CEO Zhihong Jia said Kingold witnessed a strong and growing demand for 24-karat gold jewelry during the quarter as well as for investment products in China.

“Our management quickly adjusted the product mix in response to market demand with additional trendy design jewellery products and value-preserving investment gold products.

“We are dedicated to building the Kingold brand as an increasingly important participant in the gold industry in China, while quickly responding to market changes and adjusting operational strategies,” he said.