Monaco's First Gold Refinery Set to Target Luxury Brands

``Dubai investor Selim Fendi plans to open Monaco's first gold refinery in early 2017 to meet demand from local and global jewelers looking to make sure they aren't using metal from conflict areas... "Some jewelry brands in Monaco buy gold at a premium because they want gold that hasn't harmed the environment, was mined using fair labor conditions and is traceable and conflict-free," Fendi, managing partner at Noble, said. "The big luxury brands don't have enough gold that is certified. We will have full traceability from mine to refiner."''