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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
NET SALES $ 1,420,624,970 $ 1,000,161,294
COST OF SALES    
Cost of sales (1,273,041,387) (960,562,184)
Depreciation (1,208,998) (1,284,170)
Total cost of sales (1,274,250,385) (961,846,354)
GROSS PROFIT 146,374,585 38,314,940
OPERATING EXPENSES    
Selling, general and administrative expenses 11,985,807 7,685,840
Stock compensation expenses 240,306 530,542
Depreciation 194,690 104,219
Amortization, other 11,379 12,137
Total operating expenses 12,432,182 8,332,738
INCOME FROM OPERATIONS 133,942,403 29,982,202
OTHER INCOME (EXPENSES)    
Gain on sale of Jewelry Park 63,212,496 0
Other income 26,443 20,689
Interest income 2,904,781 208,061
Interest expense, including amortization of debt issuance costs of $7,479,382 and $490,870 (74,555,096) (2,310,451)
Total other expenses, net (8,411,376) (2,081,701)
INCOME FROM OPERATIONS BEFORE TAXES 125,531,027 27,900,501
INCOME TAX PROVISION (BENEFIT)    
Current 33,055,811 4,488,815
Deferred (428,101) 1,849,910
Total income tax provision 32,627,710 6,338,725
NET INCOME 92,903,317 21,561,776
Less: net loss attribute to the non-controlling interest (6,495) (296)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 92,909,812 21,562,072
OTHER COMPREHENSIVE INCOME (LOSS)    
Change in unrealized loss related to investments in gold (54,789,485) 0
Total foreign currency translation loss (21,461,689) (14,740,716)
Less: foreign currency translation gain (loss) attributable to non-controlling interest (4,222) 4,251
Total Other comprehensive loss attributable to KINGOLD JEWELRY, INC. (76,246,952) (14,744,967)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO:    
Common stockholders 16,662,860 6,817,105
Non-controlling interest (10,717) 3,955
COMPREHENSIVE INCOME (LOSS) $ 16,652,143 $ 6,821,060
Earnings per share    
Basic $ 1.41 $ 0.33
Diluted $ 1.40 $ 0.33
Weighted average number of shares    
Basic 65,991,487 65,963,502
Diluted 66,337,129 65,963,502