Paloma Precious DMCC
LeaveRussia detail: Continue Operations
Paloma Precious DMCC, though comparatively young, is a very significant player in global precious metals market. This was possible due to the highly experienced and trusted team behind the company who can easily claim a combined experience in the industry of more than 10 years. In a short time span Paloma Precious has developed business relationship in almost all continents and is capable of offering a variety of products and services which is difficult to find elsewhere. Paloma works hand in hand with industry leaders in logistics, refining and trading.
Business in Russia
London-listed Rockfire Resources Plc said it pulled out of an agreement to purchase Dubai precious metals refinery Emirates Gold as it couldn’t do so without breaching UK sanctions. The United Arab Emirates-based firm, which owns Emirates Gold, was part of a network that channeled $300 million of gold revenues to Russia.
Decision trail
Decision date 02/05/2023 · Reference ↗
The UAE has become the main new destination for Russian gold. Paloma Precious DMCC, a trader with offices in the Dubai Free Zone and the gold market, imported $109 million, the data showed.
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Possible sanctions matches
Name-based matches against EU/US/UK lists — verify identity before drawing conclusions.
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
Upgrade to Professional