The Strategic Partnership Between RAFINOR and MAGNOR: A Major Step Forward for Romania’s Gold Market
RAFINOR,Romania’s only gold refinery and the leader in the precious metals processing industry, and MAGNOR, the holding company that owns the most diversified trading platform for gold, electronics, and pre-owned luxury products, have entered into a strategic partnership to facilitate the purchase of investment gold directly from Romania. This partnership between two Romanian-owned companies brings significant benefits to investors and anyone interested in investment gold as a safe-haven asset.
Purchasing gold directly from Romania ensures greater transparency in transactions, lower costs, and increased security for buyers. Additionally, it supports the local economy and promotes the development of a strong industrial sector for precious metals in Romania.
„"We are pleased that through our partnership with MAGNOR, we can offer investors of all levels the opportunity to purchase gold directly from Romania, from a reliable source with 100% Romanian ownership. RAFINOR allows Romanians to invest locally, with the guarantee of a premium product, thus supporting the circulation of precious metals within the national economy. Through MAGNOR, RAFINOR has begun distributing the first gold bars produced in Romania,said Claudiu Diaconu, CEO and majority shareholder of the Romanian precious metals refinery.
„This partnership represents a major step forward for Romania’s gold market. Together with RAFINOR, we offer a reliable and advantageous solution for all those who want to invest in gold without depending on external sources,"said Cosmin Popovici, CEO of MAGNOR.
RAFINOR to Deliver EUR 10 Million Worth of Investment Gold Bars to Its Main Commercial Partner in 2025
According to Claudiu Diaconu, the strategic partnership with MAGNOR marks a significant milestone in the company’s development. As a result, RAFINOR, Romania’s first modernized precious metals refinery, will deliver EUR 10 million worth of investment gold bars to its main commercial partner in 2025. This move further strengthens RAFINOR’s leadership position in the industry, leveraging both its experience in the international sector and its state-of-the-art refinery technology.
The majority shareholder of Romania’s leading precious metals processing company highlights that significant investments have been made not only in modern technology but also in employee training. The RAFINOR team benefits from continuous training alongside technical specialists from Turkey and Italy, two of the world’s most important hubs for precious metals processing.
RAFINOR supplies its main retailer with investment gold bars that stand out for their high-quality finish and guaranteed purity, certified by European-accredited laboratories. Each bar is individually packaged and inspected before shipping. The 24K gold bars range from 2.5 g to 50 g, with the latter being the most in demand among investors.
„Through this collaboration, we aim to increase trust in Romania’s gold market and offer customers the most accessible and secure alternative for purchasing investment gold bars.", added Claudiu Diaconu.
He further emphasized that RAFINOR’s strategic objectives for 2025 include consolidating its status as a key player in Romania’s precious metals industry, providing premium products, and establishing strong, long-term partnerships. The CEO also aims to diversify the portfolio of distributor partners for investment gold bars. Shortly, the company is open to new collaborations with retailers looking to contract precious metals production.
At the same time, RAFINOR is focusing on attracting new corporate clients interested in selling used gold, silver, platinum, and palladium to the refinery—materials that can no longer be reintroduced into circulation for end consumers.
The acquired metals are then refined and used as raw materials for jewellery, dental technology, the automotive industry, green energy, photovoltaic panels (in granule or sheet form), and investment gold for end consumers.