The LBMA accreditation will help L’azurde expand its presence in the bullion trade and scrap gold market by offering new services to traders, customers and investors.
Announcing the accreditation, the LBMA communicated, “L’azurde has satisfied the LBMA as to its production capability and financial standing. It has also passed the LBMA’s exhaustive testing procedures, under which its gold bars were examined and assayed by independent referees, and its own assaying capabilities have been tested.“
Sélim Chidiac, the CEO of L’azurde said “This is another milestone achievement for L’azurde in its quest to continue leading and developing the regional gold industry. Next to being the leading jewellery manufacturer in the Middle East, L’azurde can now offer additional products and services such as refining, assaying and bullion trading. LBMA is a very prestigious association in the bullion world and appearing in their Good Delivery List places L’azurde among the best and most reputable refiners in the world“.
The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by the LBMA, by whom it is copyrighted. It lists those refineries whose gold and silver bars have been found, when originally tested, to meet the required standard for acceptability in the London bullion market.
L’azurde Company For Jewellery, a Saudi Joint Stock Company based in Riyadh, is the leading manufacturer of jewellery in the Middle East. L’azurde employs more than 2,000 employees and produces more than 17 tonnes of gold jewellery annually.
Wednesday, June 2- 2010 @ 15:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.