水贝和诚行银楼被指“跑路”，“付全款后收不到银条”，有人称损失超30万；黄金珠宝商转行做白银，“倒一手”多为先款后货

Core Insights - The article discusses the overdue delivery issues faced by a jewelry store in Shenzhen, "Hechengxing," leading to significant financial losses for affected merchants [1][4][5] - The surge in silver prices, which increased by approximately 214% from about $28.91 per ounce on January 1, 2025, to $90.80 per ounce on January 16, 2026, has driven many jewelers to shift their focus to silver sales [11][10] - The situation has resulted in a growing number of merchants engaging in silver investments, often using prepayment models due to high demand and limited supply [12][5] Company Insights - "Hechengxing" jewelry store has been accused of failing to deliver orders, with one merchant, Wu Ming, reporting personal losses exceeding 300,000 yuan due to the situation [4][5] - The company, Shenzhen Hechengxing Jewelry Co., Ltd., was established in 2022 and is involved in wholesale operations, with its legal representative being Zhou Hejun [5] - The store has reportedly been closed for several days, and there are ongoing investigations by local authorities regarding the situation [5][4] Industry Insights - The rising silver prices have led to an influx of businesses transitioning from selling gold and other precious items to silver, with many adopting a "payment before delivery" model [12][5] - Industry insiders indicate that the volatility in precious metal prices has led to multiple "explosion" events, where businesses face financial difficulties due to rapid price changes and inadequate risk management [12][5] - Legal experts highlight the importance of due diligence in contracts for precious metal transactions, emphasizing the need for verification of business credentials and clear contractual terms to mitigate risks [13]