Choksi Heraeus Pvt. Ltd. (CHPL), a leading silver refinery based in Udaipur, Rajasthan, has been officially added to the London Bullion Market Association (LBMA) Good Delivery List for silver, a prestigious recognition that underscores the refinery’s commitment to quality and industry standards. The announcement, effective from November 14, marks a significant milestone for the company, enhancing its global profile in the precious metals market.
To achieve this highly regarded status, CHPL underwent a comprehensive series of assessments by independent referees, ensuring its operations met the rigorous demands of the LBMA. This process involved meticulous testing of the refinery’s silver bars, which were examined and assayed for their purity and quality. Additionally, CHPL’s in-house assaying capabilities were thoroughly evaluated, with a focus on accuracy, reliability, and adherence to the LBMA’s stringent technical specifications. The refinery successfully met all criteria, including ownership structure, historical reputation, production capacity, and financial standing, securing its position among the world’s most trusted silver refiners.
Founded in 1988, CHPL has a long history of excellence in silver refining. Over the years, it has built a strong reputation for its high standards of quality and precision. A pivotal moment in the company’s growth came in 1994 when it entered into a joint venture with Heraeus, a global leader in precious metals. This collaboration significantly enhanced CHPL’s technological capabilities, enabling the refinery to adopt cutting-edge electrochemical and chemical refining processes. Today, CHPL operates a fully integrated facility that is equipped to handle large-scale silver refining operations, making it one of the most advanced refineries in India.
The LBMA Good Delivery List is an internationally recognized benchmark that sets the standard for the quality and integrity of precious metals. For silver, the list currently includes 81 refiners worldwide, each meeting the LBMA’s stringent criteria for purity, craftsmanship, and reliability. Inclusion on this list is a mark of distinction, as it provides confidence to market participants that the refined silver meets the highest international standards.
By earning a place on the LBMA Good Delivery List, CHPL joins an elite group of refiners that are trusted by banks, traders, and other stakeholders in the global precious metals market. This recognition will not only bolster the company’s reputation but also open new avenues for international business, positioning CHPL as a key player in the global silver refining industry.
With the addition of CHPL to the list, the LBMA now recognizes a total of 65 gold refiners and 81 silver refiners worldwide. As the precious metals market continues to evolve, the LBMA’s Good Delivery List remains an essential tool for ensuring transparency and quality in the global trading of these valuable commodities. For CHPL, this achievement marks a significant leap forward in its mission to provide the highest-quality silver to international markets while maintaining its long-standing commitment to innovation and excellence.
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