A significant €3 million investment in consultancy, production hall upgrade, high-performance equipment, and working capital for 2024 and 2025 positions Rafinor as a national leader in the field.
"By reopening and modernizing Romania's only precious metals refinery, our goal was not only to revitalize a traditional industry but also to stimulate the local economy by creating jobs and developing skills in a niche, technologically advanced field. Our initiative contributes to enhancing Romania's profile on the international precious metals market, serving as a tribute to tradition", says Claudiu Diaconu. "Our vision focuses on refining these precious metals in Romania, keeping gold processing within the country, and thus contributing to local economic development. Transforming gold into investment-grade bullion offers an opportunity to invest in a stable and reliable asset, globally recognized for its ability to preserve and grow its value over time", emphasizes the president of Rafinor.
The company will market investment-grade gold bullion as well as industrial gold and silver products for sectors such as retail, medical, technology, jewellery manufacturing, and others.
The company's name, Rafinor, is a modern combination inspired by Latin roots, blending the concept of the purification process ("refining", "to make purer") with "or" (gold in French).
Rafinor, the first choice for companies seeking melting, assaying, production, and refining services for precious metals
Rafinor, the first and only refinery in Romania specializing in gold and silver, ushers in a new era in the precious metals processing industry. With a refining capacity exceeding 2 tons annually, the company employs advanced and sustainable methods, aligned with the highest environmental standards. Rafinor's objectives for the next three years include surpassing an annual turnover of EUR 100 million, becoming an economic driver and a symbol of Romanian excellence on the international market. "We aim to position Rafinor as the first choice for premium services in the melting and refining of precious metals," says Claudiu Diaconu.
Combining tradition with cutting-edge technologies, the company offers secure and accessible investment solutions. "Rafinor contributes to diversifying investment portfolios and promotes broader participation in the precious metals market. This strategy has the potential to attract domestic capital and increase international interest in the Romanian gold market, thereby strengthening the country's position on the global precious metals supply industry," emphasizes Claudiu Diaconu.
A serial entrepreneur in Romania, Claudiu Diaconu is the founder of the Diamond Capital Holding, which manages several businesses in the real estate and retail sectors. He is also the Chairman of the Board at Magnor, the most diversified trading platform for gold jewellery and luxury products. Now, Claudiu Diaconu adds another impressive chapter to his career as CEO of Rafinor, the first modernized refinery transforming precious metals into secure investments.
Owned by the Diamond Capital holding, Rafinor is the first and only refinery in Romania specializing in gold, with a refining capacity exceeding two tons of gold per year. As the leader in Romania's precious metals industry, the company revitalizes a traditional national activity while modernizing it by equipping its refining lines with cutting-edge technologies.
The only precious metals refinery in Romania, Rafinor specializes in the sale of investment-grade gold bars, semi-finished gold bars, and industrial products for jewellery, retail, medical, technological, and other sectors. These include 24-karat gold granules as well as gold sheets, plates, and strips.
In 2025, the company is set to begin processing silver, focusing primarily on industrial use. As the leader in Romania's precious metals industry, Rafinor aims to exceed an annual turnover of €00 million within the next three years.
