PodcastsJan 12, 2026
The latest poscasttest
OtherDec 15, 2014
Johnson Matthey selling gold, silver refineries
Johnson Matthey just announced the sale of its gold and silver refining business to Japanese metal recycling firm Asahi Holdings for $186 million in cash as part of an ongoing shift to focus on chemistry and technology.
Johnson Matthey is selling its gold and silver refining business to Asahi in a $186 million cash deal expected to close in March.
London--Johnson Matthey just announced the sale of its gold and silver refining business to Japanese metal recycling firm Asahi Holdings for $186 million in cash as part of an ongoing shift to focus on chemistry and technology.
The deal is expected to close by the end of March.
The division refines primary and secondary gold and silver materials, serving customers globally from its refineries located in Salt Lake City, and Brampton, Ontario, Canada. Additionally, the company provides investment casting services from a facility in St. Catharines, also located in Ontario.
A company spokesperson told National Jeweler that the sale of the gold and silver businesses shouldn't have any impact on the day to day business that retailers currently conduct; the refineries will remain as is and open for business as normal, they said.
“The divestment of the Gold and Silver Refining business is in line with our long-term strategy to focus on areas where we can use our expertise in chemistry and its applications to deliver high technology solutions or that provide a strategic service to the wider Johnson Matthey group,” said CEO Robert MacLeod.
The deal comes amid falling prices for both gold and silver over the last few months. Though the company did not indicate if declining prices played into its decision, for the six-month period ended in September, the company reported that gold and silver refining business sales were down 23 percent due to “market conditions.”
“We think this is a sensible move given the midterm outlook for gold/silver prices remains unpromising and there are few synergies with the rest of the group,” Adam Collins, an analyst at Liberum, told the Financial Times.
The deal won't include, however, the company's PGM platinum refining business.
Editor's Note: This story was updated on Dec. 17 to reflect an update form Johnson Matthey concerning the platinum refinery and impact for retailers.
Editors' Picks
Sponsored by
More on Other
The Latest
Weekly QuizOct 03, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
PodcastsNov 27, 2025
Test Podcast With VideoTest Podcast With Video. New interview with Ada Lovelace.
PodcastsNov 25, 2025
Test New Podcast PostAbstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.
ColumnistsOct 09, 2024
Peter Smith: 7 Things to Know When Selling LuxuryAhead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.
AuctionsOct 09, 2024
Rolex Worn on Apollo 14 Mission Up for SaleThe GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.
MajorsOct 09, 2024
New Simon Campaign Invites Gen Z to ‘Meet Me At The Mall’The ads celebrate the mall culture of the ‘80s and ‘90s.
MajorsOct 09, 2024
PGI Launches New Virtual Sales TrainingRetail sales associates can access the video series on mobile to refresh their selling skills.
Policies & IssuesOct 09, 2024
GJNRF: Reaching Out, Rebuilding Futures For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.
AuctionsOct 08, 2024
Sotheby’s Selling Jewelry That Belonged to a Bulgarian TsarThe November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.
SourcingOct 08, 2024
Rio Tinto Begins New Phase of Production That Will Extend Diavik’s LifeCommercial production has begun underground at the Canadian diamond mine’s A21 pipe.
SurveysOct 08, 2024
What to Know About Online Shopping This Holiday SeasonDeloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.
CollectionsOct 08, 2024
Sylvie Adds New Men’s BandsThe Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.
SourcingOct 08, 2024
Is Current Diamond Industry Turbulence Shaping a ‘New Normal’? Industry players have found ways to cope with market conditions while working to reshape themselves in the face of emerging realities.
SourcingOct 07, 2024
Rio Tinto to Offer 76 Diamonds in 2024 Beyond Rare Tender The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.
CollectionsOct 07, 2024
Olympian Kristi Yamaguchi Partners With Heller Jewelers on New CollectionA portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.
