Not cost-effective. When gold ornaments of Laofengxiang brand are purchased in 0 yuan, they have to pay a depreciation fee of tens of yuan per gram, minus the loss of 1%, plus 20% new gold, and the labor cost has increased by 20%. If the old jewelry has exceeded 1 year, a service fee of tens of yuan per gram will be charged when replacing it. Lao Fengxiang is a century-old national brand, a famous jewelry brand in China, a listed company and a top 500 enterprise in China. Shanghai Laofengxiang Co., Ltd. was founded in 1848 and evolved from Laofengxiang Jewelry Store.