The market supervision department in Xuchang conducted a routine inspection of Pangdonglai's jade stones: compliant!
According to the Xuchang Times, recently, in accordance with the work arrangement during the "May Day" holiday, combined with the feedback on the sales of Hotan jade and related situations of Xuchang Pangdonglai on the internet, the Weidu District Branch of Xuchang Market Supervision Administration conducted a routine inspection of Pangdonglai Jewelry Co., Ltd., which sells Hotan jade in Times Square. The quantity and prices of Hotan jade sold from January to April 2025 were checked on site, and the relevant procedures for the purchase, sale, and delivery of 13 Hotan jade products were randomly sampled.
After inspection, Xuchang Pangdonglai Jewelry Co., Ltd. sold a total of 4,177 Hotan jade products from January to April 2025, with sales amounting to 29.592175 million yuan and an average gross profit margin not exceeding 20%; the Hotan jade products currently on sale are all clearly marked with prices as required; the 13 Hotan jade products randomly sampled for sale had complete purchase procedures, complete purchase ledgers, appraisal institutions with legitimate qualifications, and valid appraisal certificates.
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