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Heraeus Buys Gold Embedded in the Lobby’s Floor of Grand Emperor Hotel
Release time:
06 Feb,2026
Recently, the Grand Emperor Hotel in Macao sold 79 kilograms of gold embedded in the lobby’s floor tiles to Heraeus Metals Hong Kong Ltd. for HK$99.7 million. Heraeus Metals Hong Kong Ltd., an member of the German Heraeus Group,specializing in the refining, manufacturing, trading, and logistics of precious metals.
This batch of gold was initially recorded as part of the “Golden Avenue” decoration in the hotel, categorized under property, plant, and equipment, with a book value of HK$9.4 million—equal to its acquisition cost. After deducting transaction costs, the hotel expects to recognize HK$90.2 million from this sale approximately.
Heraeus’acquisition reflects its long-term bullish outlook on the intrinsic value of precious metals and its strategic business deployment. The fundamental logic supporting the long-term rise in gold prices remains unchanged. The precious metals market is at a complex stage currently, characterized by the interplay between evolving traditional drivers and emerging cyclical factors.
Currently, the international precious metals market is experiencing significant volatility. Gold prices are fluctuating widely, while platinum and palladium prices have weakened again, with silver showing an especially pronounced decline. Recently, to control risks, the Shanghai Futures Exchange announced that, starting February 9, it would raise the margin requirements for futures contracts on gold, silver, and other metals and widen the daily price limits. It is expected that, in the short term, gold and silver prices will continue to remain in a state of wide-ranging fluctuations, with silver’s volatility risk being particularly prominent. CPMIC reminds all member companies to pay close attention to the significant volatility risk of precious metals during the Spring Festival period and to take appropriate measures to mitigate these risks.
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