News

London Good Delivery Certificate

Atasay Jewelry has led the way and been the first Turkish institution accepted to the "London Good Delivery" list of London Bullion Market Association (LBMA) that regulates and monitors the quality standards about gold and silver bullions.

Thanks to Atasay's ATAkulche, the quality of gold has been registered and Turkish gold has been opened up to the world.

Atasay Jewelry has led the way and been the first Turkish institution accepted to the "London Good Delivery" list of London Bullion Market Association (LBMA) that regulates and monitors the quality standards about gold and silver bullions. With this certificate received by only the manufacturers and the refineries that has the required quality standards, Atasay Jewelry's ATAkulche brand bullions has become acceptable in all gold markets and banks without any further requirement.


Managing to successfully complete 6-months-lasted tight procedures and tests carried out by the LBMA and its independent Referees, Atasay accomplished to be listed in the London Good Delivery list. Its strong financial structure, production capacity and quality standards have also been effective in its being listed on this list.


Atasay will be the refining centre of the Middle-East, Balkans and Caucasian regions. As a leading figure in Turkish jewelry sector, Atasay's certificate from LBMA has a vital importance in terms of the development and prestige of both Atasay and Turkish Gold sector and economy.


With ATAkulche, Atasay will be the first and the only company that can provide internationally accredited gold with investment purposes to Turkish people. And also with its certificate, Atasay will be the refinery centre of the Middle-East, Balkans and Caucasian regions.


International acreditation of ATAkulche produced by Atasay, the number one in the Istanbul Godl Exchange with its trading volume, will contribute Turkish economy as well. In this respect:

  • Turkey will be an important and prestigious player in the global gold markets. Thanks to Atasay's ATAkulche branded golds, Turkish bullions, thus, has been accredited in the international gold markets for the first time.
  • Turkey will, herself, refine the mine gold extracted from its own lands at home.
  • Turkey will be the gold refining centre of its region. Not only from the Middle-East, Balkans and Caucasian, but also from other countries, will there be an inflow of gold and foreign currency. Thus new business opportunities will flourish.
  • The Istanbul Gold Exchange will be positively affected and the exchange will go global by its physical gold trades with internationally standardized gold bars (ATAkulche).

  • Cihan Kamer: "We consider it as the prize for our 73-year-old deep rooted past." After Atasay's acceptation into "London Good Delivery (LGD)" list of London Bullion Market Association, Cihan Kamer, the Chairman of Atasay; Stewart Murray, the CEO of LBMA; Kevin Crisp, the Chairman of LBMA, and Osman Saraç, the President of Istanbul Gold Exchange all together attended to the ceremony held in London Goldsmiths' Hall where Atasay received the certificate by LBMA's top executives. The Goldsmiths' Hall is very famous with its historically beautiful building and hosting for gold-related prestigious organizations.


    Having made a speech at the ceremony, Cihan Kamer, the Chairman of Atasay, said that they were considering LBMA's certificate as the prize for their 73-year-old deep rooted past and well-established working principles.


    Firstly certificate, then Refereeing. Cihan Kamer, the Chairman of Atasay stated that the future goal of Atasay is to be one of LBMA's Referees. Kamer said that since the day it was established, Atasay has been working to develop Turkish Jewelry sector and its next aim is to be the first Turkish brand that, on behalf of LBMA, monitors other canditate bullions expecting to be listed.


    Current list of LBMA Referees:
    Argor-Heraeus SA (Switzerland),
    Metalor Technologies SA (Switzerland, Hong Kong, USA),
    PAMP SA (Switzerland),
    Rand Refinery Limited (South Africa),
    Tanaka Kikinzoku KogyoK.K. (Japan)


    Osman Saraç, Chairman of the Istanbul Gold Exchange (IGE): "Turkey has been an important refining centre." Osman Saraç, Chairman of the IGE, made a speech, too, in the ceremony and said that because the gold mining and scrap demand have been increasing, recently has Turkey been an important refining centre. Saraç also added that the IGE reached an agreement with three Turkish refineries for two years to benefit from their potentials and opportunities. And one of them is Atasay Jewelry. Recently listed in the "Good Delivery" list of LBMA, Atasay has been an important figure not only for Turkey, but also for the regions that include the Middle-East and India. By taking advantage of this, Atasay Jewelry will grow in gold bullion bazaar in parallel with its gold jewellery manufacturing.


    Atasay refinery's daily gold refining capacity: 1 ton. Atasay's refinery is located in Yenibosna/Bahçelievler, Istanbul. Founded in 1994, it refines scrap gold and doré gold bars extracted from the mines. The refinery has a significant contribution to Turkey's gold business in the market.


    Refining doré bars of Turkey's largest gold mines, Atasay, out of the refined material, produces kilobars authorized for trades in the Istanbul Gold Exchange.


    Having a daily capacity of 1 ton dore gold refining, Atasay's refinery produced these amounts in the last 4 years:


    2006 -15 tons,
    2007 -10 tons,
    2008 - 9 tons,
    2009- 66 tons.

    Guarantee your future with Atasay Atakulche. In the gold bullion investment market, Atasay provides services with its "ATAkulche" brand. Encouraging consumers to save and invest on gold, Atasay introduced the "ATAkulche" as minted bars into the market in the beginning of this year. ATAkulche offers products for all level of budget and for most of special days. It's now easier for everyone to have some gold as ATAkulche provides 0.5, 1, 2.5, 5, 10, 20 grams of gold minted bars for Turkish people for whom gold is a traditional investment tool. ATAkulche is precious and unique option as you can have differently designed covering packagings for birthdays, weddings, circumcision ceremonies, graduations and national holidays.

    Guarantee your future with Atasay Atakulche. In the gold bullion investment market, Atasay provides services with its "ATAkulche" brand. Encouraging consumers to save and invest on gold, Atasay introduced the "ATAkulche" as minted bars into the market in the beginning of this year. ATAkulche offers products for all level of budget and for most of special days. It's now easier for everyone to have some gold as ATAkulche provides 0.5, 1, 2.5, 5, 10, 20 grams of gold minted bars for Turkish people for whom gold is a traditional investment tool. ATAkulche is precious and unique option as you can have differently designed covering packagings for birthdays, weddings, circumcision ceremonies, graduations and national holidays.

    Leading the sector with its 73-year-old experience, Atasay has been recently planning to grow in the gold bullion market with ATAkulche and expecting to possess the 70% of the market.