RAFINOR produces gold bars with 999.9% purity, starting from 2.5 g, 5 g, 10 g, and 20 g, with the capacity to meet national demand without logistical delays. The leading precious metals processing company currently has a refining capacity of 6 tons of gold per year, with plans to increase this to 8 tons in 2026. Within two years, RAFINOR aims to reach a refining capacity of 15 tons per year.

The advantages of choosing Romanian gold

Earlier this year, RAFINOR entered into a strategic partnership with MAGNOR for the distribution of Romanian-made investment gold bars. In its 26 stores across Bucharest and other major cities, the retailer sells gold bars of various weights, individually packaged and inspected before delivery, distinguished by high-quality finishing and guaranteed purity. Each product is certified by RAFINOR’s in-house laboratory, the National Authority for Consumer Protection (ANPC), and other accredited laboratories in Europe. “Our goal is not only to deliver high-purity gold but also to set a standard of excellence for the entire industry”, says Claudiu Diaconu. RAFINOR investment gold bars are also available through the STIL Diamonds retail network.

Buying gold in Romania also offers customers several clear benefits: lower costs, faster delivery, increased security, and greater transaction transparency, among others. Additionally, it contributes to the development of the local economy and the advancement of Romania’s precious metals sector.

The business objectives of the most important player in Romania’s precious metals market include strengthening existing strategic partnerships, expanding the distributor network and product portfolio, and surpassing a 100 million euros turnover in the coming years.

RAFINOR is also consolidating its international presence, currently collaborating with European refineries for over 50% of its industrial output as part of its expansion strategy into external markets. “RAFINOR is not just an industrial project — it is the expression of an ambitious vision: to position Romania as a landmark on Europe’s gold map. In the medium term, we aim to become the most important player in Eastern Europe in the precious metals refining sector. We are building a solid infrastructure supported by modern technology, local expertise, and strategic partnerships so that Romania is no longer just a consumer market, but a centre of excellence in gold processing at the highest international standards”, concludes Claudiu Diaconu, CEO of RAFINOR.

About RAFINOR

RAFINOR is Romania’s first and only refinery specializing in gold, with a refining capacity exceeding two tons per year. As the leader in Romania’s precious metals industry, the company revitalizes a long-standing national tradition while modernizing it with cutting-edge refining technologies.

RAFINOR, Romania’s only precious metals refinery, specializes in selling investment gold bars, semi-finished gold bars, and industrial products for jewellery, retail, medical, green energy, photovoltaic panels, automotive, technology, and other sectors. These include 24K gold granules, as well as gold sheets, plates, and bands.

In 2025 the company will begin processing silver, primarily for industrial use. The industry leader aims to surpass an annual turnover of EUR 100 million within the next three years.

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“We believe that the transformation into MAGNOR is not just a step forward but a quantum leap in terms of innovation in our industry,” says Claudiu Diaconu, founder and Chairman of the Board of MAGNOR. The new name, inspired by the Latin words “magnum” (great) and “oro” (gold), reflects the company’s commitment to remain a market leader, enriching its offering with advanced digital services and an expanded international presence.

The rebranding process took over a year and a half, involving specialized studies and the active collaboration of employees, customers, and specialists. The transformation included not only a visual change but also the adoption of a new, modern business concept oriented towards sustainability and social responsibility.

MAGNOR not only continues its tradition of excellence but also emphasizes digitalization, opening new agencies and launching two websites: www.magnor.ro for services and www.magnorshop.ro for the sale of new and pre-owned jewelry. These initiatives are designed to radically transform the way customers interact with the brand.

In addition to strengthening the brand and expanding the national network, MAGNOR has the ambition to set new sustainability standards and actively contribute to social projects. “This direction underlines our commitment to building not only a successful business but also to making a positive contribution to the community,” concludes Claudiu Diaconu.

Through this ambitious initiative, MAGNOR not only reaffirms its position as an industry leader but also redefines its role as a pioneer in adapting to the new requirements of the digital era and sustainability.

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