Two Dubai Precious Metals Companies Dominate International Bullion Awards

Wednesday, 29 Mar 2017
Category: Wholesale Trade,Mining
Countries: United Arab Emirates
Description: Leading gold refineries share a quarter of the international vote and 80% of the UAE vote to win three top industry titles for Dubai.
DUBAI, March 29, 2017 - After a three-month open public vote in which over 35,000 votes were cast across 5 countries, Dubai-based IGR Precious Metals and Kaloti Precious Metals have dominated the results of an international competition, sharing a quarter of the worldwide vote and 80% of polling within the UAE.

In addition to winning UAE Bullion Dealer of the Year 2017, IGR Precious Metals DMCC went on to win both International Refinery of the Year and International Bullion Dealer of the Year, beating some of America's and Europe's largest gold companies to the titles.

Shortlisted from over 850 bullion companies across 5 countries, IGR and Kaloti fought head to head within the UAE category, with IGR leading the 2016 winners Kaloti by only 169 votes from 10,771 in the final public count.

National Bullion House came third, claiming 12.3% of the UAE poll, with overall voting numbers up 44% on 2016's figures.

Through winning International Bullion Dealer of the Year, IGR has seen off industry giants such as American Bullion and JM Bullion in the USA or Europe's PAMP Suisse, and Degussa AG – a victory for both the company and the Dubai bullion market itself.

Anna Dinzler, Managing Director at IGR Precious Metals said, “We’d like to thank all IGR customers for recognizing our commitment to excellence and for their support; It is a privilege to be trusted by the audience we serve. We also thank all market players for their efforts which will always be the motive behind our progress. It’s delightful to secure several titles in different categories and this honour inspires us to become more innovative, and continue placing our customers at the centre of our business.”

The annual awards are run by the bullion industry's directory and ratings website Bullion.Directory, which opened to the Emirates in January 2015 - a response to Dubai's growing role within the international precious metals market.

Alan Macallister, CEO at Bullion.Directory commented, “IGR Precious Metals have done exceptionally well in this their first year as finalists. Their triple win is well deserved, showing the work they have put into providing a first class service to investors in both the UAE and internationally.”

Full details of the vote results can be found online at