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- Published on Wednesday, 18 March 2015 05:34
An American gold buying company has set up shop in a five-star Nairobi hotel seeking to buy jewellery and coins containing precious metal from Kenyans.
Field Rich Corporation is offering buyers as much as Sh1.32 million for gold coins while items such as bracelets, rings, watches and earrings are going for up to Sh220,000.
The company is also purchasing silver and platinum ornaments, offering hundreds of Kenyans a quick buck in exchange for their broken, old and unwanted pricey jewellery.
A spot-check by the Business Daily at the hotel where Field Rich Corporation is operating from showed there was a steady stream of potential sellers waiting in line, but the company’s officials declined to comment on their operations.
“The nature of our business means that we handle a lot of money,” said a representative of the company.
“This fact coupled with the need to maintain the confidentiality of our customers, requires that we do not disclose much about our business.”
One of the customers, who also sought anonymity, sold two gold rings and a bracelet for a total of Sh15,000, money which he received on the spot soon after the quality of the pieces was ascertained through testing.
Others were not too lucky as the gold-buyers turned them away after examining their jewellery and determining that they were not authentic. Gold-buying is a widely practised business across the world.
Source: Business Daily
