WatchesFeb 25, 2026
Private Equity Firms Write Down Value of Breitling, Report SaysMajorsMar 03, 2026
Swiss Refiner Completes Acquisition of Gannon & Scott
The American precious metals refiner’s day-to-day operations remain the same post-acquisition.
Metalor Technologies has finalized its acquisition of Gannon & Scott. Employees of both companies are seen here, with soccer balls signed by both “teams” to celebrate their new partnership.
Cranston, R.I.—Metalor Technologies has finalized its acquisition of fellow precious metals refiner Gannon & Scott.
First announced in October 2025, the Neuchâtel, Switzerland-based company has received regulatory approval to acquire Gannon & Scott for an undisclosed amount.
The company is now a wholly owned subsidiary of Metalor Technologies and part of the Tanaka Group, a Japan-based precious metals specialist founded in 1885. Metalor, founded in 1852, has operations in Europe, Asia, and the Americas.
Gannon & Scott’s leadership team, workforce, facilities, and day-to-day operations will remain the same, the companies said in a joint press release.
Founded in 1919, Gannon & Scott provides precious metal refining, thermal processing, and secure materials recovery services to businesses across North America.
It has operations in Cranston, Rhode Island, and Phoenix, Arizona, serving various sectors, including jewelry, electronics, plating, aerospace, and certified destruction.
The completion of the transaction combines Gannon & Scott’s leadership in precious metal refining and recovery across North America with Metalor’s global expertise in refining, advanced materials, and precious metal products, the companies said.
The acquisition also strengthens Metalor’s strategic position in North America, said the companies, notably in secondary refining and the responsible recycling of low-grade materials such as electronic waste.
The deal also reinforces parent company Tanaka Group’s commitment to sustainable sourcing, operational excellence, and long-term customer partnerships, the companies said.
Related stories will be right here …
First announced in October 2025, the Neuchâtel, Switzerland-based company has received regulatory approval to acquire Gannon & Scott for an undisclosed amount.
The company is now a wholly owned subsidiary of Metalor Technologies and part of the Tanaka Group, a Japan-based precious metals specialist founded in 1885. Metalor, founded in 1852, has operations in Europe, Asia, and the Americas.
Gannon & Scott’s leadership team, workforce, facilities, and day-to-day operations will remain the same, the companies said in a joint press release.
Founded in 1919, Gannon & Scott provides precious metal refining, thermal processing, and secure materials recovery services to businesses across North America.
It has operations in Cranston, Rhode Island, and Phoenix, Arizona, serving various sectors, including jewelry, electronics, plating, aerospace, and certified destruction.
The completion of the transaction combines Gannon & Scott’s leadership in precious metal refining and recovery across North America with Metalor’s global expertise in refining, advanced materials, and precious metal products, the companies said.
The acquisition also strengthens Metalor’s strategic position in North America, said the companies, notably in secondary refining and the responsible recycling of low-grade materials such as electronic waste.
The deal also reinforces parent company Tanaka Group’s commitment to sustainable sourcing, operational excellence, and long-term customer partnerships, the companies said.
The integration will bolster vertical capabilities, expand sourcing and recycling channels, and enhance service offerings for customers.
With the deal finalized, Gannon & Scott customers will have access to expanded refining capabilities across all precious metals, including gold, silver, platinum, palladium, rhodium, iridium, and ruthenium, via global sourcing and recycling channels.
Customers can also access high-purity precious metals, technical products, compounds, and chemicals.
In addition, Metalor’s international labs and its research and development network offer advanced technology and analytical services.
Having a global refining infrastructure will also enable more agile service to international operations, said the companies.
Gannon & Scott customers can find more details on its website.
Editors' Picks
Sponsored by
More on Majors
The Latest
PodcastsJul 22, 2026
Episode 7: Reinhold Jewelers on the Power of RelationshipsMildred Marcano Abrams and Yael Reinhold join the podcast to talk community connections, holiday plans, and preserving Reinhold’s legacy.
Policies & IssuesJul 22, 2026
Trump to Put 50% Tariff on Canadian Goods The higher tax is set to go into effect in August and will apply to loose polished diamonds as well as precious and base metals jewelry.
CollectionsJul 22, 2026
Monica Rich Kosann’s High Jewelry Is FruitfulThe “Enchanted Garden” series features a cherry, lemon, and pear that each hold a little secret inside.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
IndependentsJul 22, 2026
Liljenquist Beckstead Opens Rolex New BoutiqueIt’s located in Tysons Galleria, an upscale shopping center in the Washington, D.C., metro area.
Weekly QuizJul 17, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsJul 22, 2026
NY Now Returns in August Under New OwnershipThe show, recently acquired by Rockview Management Group, will be held at New York City’s Javits Center from Aug. 2-4.
ColumnistsJul 21, 2026
Sherry Smith: Shattering the Illusion of the ‘Either/Or’ Diamond MarketSmith offers retailers guidance on creating an environment where natural and lab-grown diamonds can both thrive.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
Events & AwardsJul 21, 2026
Apollo Funds Completes Emerald AcquisitionFormer Emerald President and CEO Hervé Sedky has transitioned to the role of senior advisor.
CollectionsJul 21, 2026
Graff’s New Butterfly High Jewelry Brooches MetamorphosizeThe 12-piece capsule collection transforms from brooches to pendants.
SourcingJul 21, 2026
Anglo Reportedly Selects Gareth Penny’s Consortium as Top Bidder for De BeersA Botswana government official told lawmakers Anglo has selected The Global Diamond Consortium, an entity chaired by Penny, to buy De Beers.
Policies & IssuesJul 20, 2026
Tariffs on Brazil to Increase But Rough Gemstones ExemptThe new tariff, imposed after a Trump administration study, is 25 percent and will stack on top of existing tariffs.
CollectionsJul 20, 2026
Vhernier Transforms ‘Freccia’ Collection Into High JewelryThe collection from 2014 has been reinterpreted into high jewelry with its signature triangular-shaped elements.
Events & AwardsJul 20, 2026
TJS Accepting Speaker Proposals for 2027 EventOrganizers are looking for presentations on topics like manufacturing, technology and research, bench work, gemstones, and sustainability.
CollectionsJul 17, 2026
HOWL Taps Shailene Woodley for ‘Home Sweet Home’ CampaignWoodley is seen in the campaign wearing our Piece of the Week, the “Frida” collar featuring 13 pieces of hand-carved Venetian glass.
SourcingJul 17, 2026
U.K. Woman Pays £5 for £15K Diamond Ring at Car Boot SaleA WeBuyVintage jewelry expert uncovered how much the flea market find was actually worth.
SourcingJul 17, 2026
Diamond Dealer Jeff Pancis Pens MemoirThe founder of natural colored diamond wholesaler Pancis Gems shares stories from his five decades in the industry.
Events & AwardsJul 17, 2026
Gem Awards Opens 2027 Nomination PeriodSubmissions for the milestone 25th annual Gem Awards will be accepted across three categories from now through July 31.
EditorsJul 16, 2026
Q&A: Guzema’s Co-Owners On Its US Expansion, 10-Year AnniversaryValeriya Guzema and Mariana Lenha look back on the last decade and discuss the Ukrainian brand’s first U.S. store.
SourcingJul 16, 2026
Ekati to Close, Leaving Canada With One Diamond Mine The diamond mine, which opened nearly 30 years ago in Canada’s Northwest Territories, is expected to shut down by mid-August.
FinancialsJul 16, 2026
Richemont’s Jewelry Sales Soar for the Seventh Quarter in a RowJewelry sales for the company, which owns Cartier, Van Cleef & Arpels, Vhernier, and Buccellati, rose 21 percent in the first quarter.
Events & AwardsJul 16, 2026
MJSA Mentor & Apprenticeship Program Certifies First Advanced Apprentice GraduateThe graduate, Grace Barden, credited the program with helping her secure a job as a bench jeweler.
Events & AwardsJul 16, 2026
Jewelers of Louisiana to Host 80th ConventionThe event, scheduled for next month in New Orleans, will include dinner, a custom jewelry design contest, and education sessions.
SourcingJul 15, 2026
1,305-Carat Diamond Recovered from Mine in BotswanaThe yet-to-be named stone is the 10th diamond weighing more than 1,000 carats to come out of Lucara’s Karowe mine.
IndependentsJul 15, 2026
New Jersey Jeweler Barry Berman Dies at 81The founder of Fords Jewelers, Berman is remembered for his love of connecting with his community.
FinancialsJul 15, 2026
Watches of Switzerland’s US Sales Jump 18%, Declines to Comment on Sale Report The watch and jewelry retailer had a strong fiscal year despite what its CEO described as a “complex operating backdrop.”
Events & AwardsJul 15, 2026
Hamptons Jewelry Show to Return in JulyThe open-to-the-public luxury jewelry and timepiece show, in its second year, is slated for July 23-26.
