TOP GOLD REFINERIES IN THE UAE

The ratings of refineries are highly dependent on several factors such as compliance standards, their modus operandi, risk assessment, customer service and training and development of employees etc. can influence the performance of a refinery.

However, there are a few key differentiators which can help us decide whether the refinery is worthwhile or not:

• Compliance

• Production Capacity

• Customer support

• Technology

• Easy Availability

• Trustability

These variables, as mentioned earlier, are intangible and depend entirely on the legacy the firm has established over the years. Moreover, there are quite a few well-recognised parameters to assess the worth of a refinery and DGD is one of those. If any refinery is able to get certification from such institutions, it is clear indication that their operation and work standards are nationally and internationally accepted.

THE DUBAI GOOD DELIVERY (DGD) STANDARD IN DUBAI

In 2005, the DMCC established the Dubai Good Delivery (DGD), which is considered the international benchmark for technical specification and quality for gold and silver production. 

The certification also includes responsible sourcing of gold under the DMCC Rules for Risk-Based Due Diligence for Gold and Precious Metals for gold refineries.

To learn more about the world's DGD-certified refineries, see a few of the refineries included in the UAE and abroad, including Japan, Switzerland, and Turkey. Refineries that have been de-listed for whatever reason are also noted.

Here is a list of the UAE's leading gold refinery operations. Everything included in this list is not an evaluation of the order in which these firms rank; rather, it gives an overview of each company's functioning and why they are among the finest in the UAE.

THE TOP REFINERIES IN THE UAE ARE AS FOLLOWS:

DIJLLAH GOLD PROFILE:

Dijllah Jewellery FZCO is a pioneer in the UAE to introduce global standards of excellence within the industry. The Group is renowned for its expert approach to gold and silver dealing. Dijllah has grown significantly in the UAE due to the company's reputation for having the most advanced high-tech gold refineries and the highest degree of Fraud & AML Compliance, resulting in building trust with customers and government authorities. 

The company provides a broad range of services under one roof to satisfy the various demands of the clients. Several local and international industry organizations have recognized Dijllah for its integrity and sustainability. The workers of the Dijllah Group are dedicated to upholding the company's principles and philosophy.

They are accredited as 'Good Delivery' by:

ISO Certified

Dubai Good Delivery (DGD) Certified (recently opted out)

DGCX Certified

Our primary areas of operation

Gold and Bullion Trader

Bullion Wholesale Trader

Refinery Services

Assay Services

Smelting Services

IGR PRECIOUS METALS:

PROFILE: 

IGR GLOBAL is a leading precious metal professional service provider. They are constantly ahead of the competition in technological advances and goods, providing their valued clients with exceptional service. Whether you're operating a mining business, a bank, an investment fund, an industrial plant, or a jewellery or bullion trading house, give them a call today. They have a wide range of customized goods and services and many diverse services and products.

They are accredited as 'Good Delivery' by:

• London Bullion Market Association (LBMA)

• The leading futures market – COMEX

• Dubai Gold and Commodities Exchange (DGCX)

Good Delivery accreditation is widely regarded as the gold standard for product quality and business reputation.

EMIRATES GOLD

PROFILE:

The fact that Emirates Gold refinery has a good track record is remarkable. In 1992, Mohammed Shakarchi started Emirates Gold, which is still headed by him today. In recent years, he has risen to fame as a businessperson. He started his career in the private sector in Lebanon and subsequently grew up in Switzerland. The gold produced by the business each year amounts to about 200 tonnes, and it is the first refinery in the Middle East to be listed on the DGD.

They are accredited as 'Good Delivery' by:

Dubai gold & Commodities Exchange (DGCX)

Multi-commodities Exchange (MCX)

AL ETIHAD GOLD:

PROFILE:

Al Etihad is rapidly growing into the gold refining industry. Ace's first step to growing was a 2012 DGD designation, with Al Etihad being younger than Emirates but accelerating quickly. It can process precious metals like gold and silver, gold and silver-plated items, and very high-purity gold to make bars and grains.

They are accredited as 'Good Delivery' by:

DUBAI GOOD DELIVERY

IAS 17025

RJC CERTIFIED MEMBER

RMI CERTIFIED MEMBER

UKAS MS 9001, 18001, 14001

INTERNATIONAL PRECIOUS METALS REFINERIES (IPMR):

PROFILE:

The IMPR refinery is in Sharjah. Over the last two decades, IPMR has headquartered itself in Abu Dhabi, and in recent years, it has maintained a Sharjah refinery that produces over 300 tonnes of gold each year. Additionally, it can handle processed mining materials, industrial scrap, precious metals, jewellery, and electronics.

They are accredited as 'Good Delivery' by:

OTHER REFINERIES ARE OUTSIDE THE UAE:

If you're searching for a broader selection of authorized refineries, you may have to go outside the UAE.

However, no other Middle Eastern refineries ever hold either DGD certification or a position on the London Bullion Market Association's similarly renowned Good Delivery list (LBMA).

Beyond the Middle East, the next closest alternative is Turkey, which is home to the Istanbul Gold Refinery and the Nadir Metal Refinery, which are both accredited by the DGD and LBMA. DGD accreditation has been awarded to a third Turkish refiner, Ahltaci.

In general, using DGD and LBMA-accredited refineries is the best choice, as they will provide you with peace of mind that the product is of excellent quality. In addition to that, these lists are updated frequently and the DGD and LBMA are renewed every year.