Pallion Group
Australian precious-metals services group spanning bullion, refining, minting, jewellery manufacturing, fabricated metals and secure vaulting.
Last updated August 25, 2026
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Overview
Pallion Group is an Australian privately owned precious-metals services group headquartered in Sydney. Its businesses design, manufacture, refine, trade, distribute and safeguard precious-metal products for institutional, investment and jewellery-industry customers. The group is described as the largest precious-metals services group in Australasia and combines bullion dealing, precious-metal refining and minting, custom jewellery, jewellery findings, fabricated alloys, wedding rings, electroplating, goldsmithing, silversmithing and vaulting. Pallion was formed through the 2014 financial merger of two established Australian business groups: ABC Bullion, which began distributing bullion in 1972, and the Palloys Group, whose operating history reaches back to Palloys Refining Co., established in Sydney in 1951. The combination brought together a bullion and investment-metals platform with a broad manufacturing and jewellery-services network. Its ownership remains private, with interests associated with the Cochineas, Gregg and Simpson families. The group’s industrial heritage began with precious-metal refining and jewellery and dental component production. Palloys entered casting through a 1952 arrangement with Matthey Garrett and subsequently expanded across Australia, New Zealand and Hong Kong. From the late 1980s onward, the business diversified into alloyed precious-metal wire, sheet, solder, wedding rings and related manufacturing. During the 2000s and early 2010s it added computer-aided jewellery design and rapid prototyping, jewellery findings, international production, fabricated metals and bullion-refining capabilities. A major part of Pallion’s institutional platform is ABC Refinery, which the group and ABC Bullion acquired through a joint venture in 2012. ABC Refinery later secured laboratory, London Bullion Market Association, Shanghai Gold Exchange and COMEX-related accreditations for gold and silver products. The refinery also introduced an acidless refining system designed to reduce the use of harmful acids and associated emissions. ABC Bullion operates as a bullion dealer and manufacturer, while Custodian Vaults provides private secure storage. Pallion serves central banks, investment banks, investors, wholesale jewellery companies, government bodies and other commercial customers. Its work has included bullion bars and coins, jewellery components, trophies, ceremonial objects, mounts, precious-metal lettering and specialist fabrication. Publicly identified projects include work associated with the Melbourne Cup, ATP Cup, Australian Open trophies, royal coaches, the Australian War Memorial and other commemorative or institutional commissions. The group maintains manufacturing and sales operations in Australian cities including Sydney, Melbourne, Brisbane and Perth, as well as in Hong Kong, mainland China, Thailand and Western Europe. Its brands and operating entities have progressively been consolidated, including the 2020 amalgamation of A&E Metals, AGS|PJW, Regentco and Palloys under the Palloys name for the global business-to-business jewellery market. Pallion’s positioning is that of an integrated, technically capable precious-metals partner rather than a consumer-facing jewellery label: it connects raw-material processing, manufacturing, wholesale distribution, bullion markets and secure custody within one privately controlled group.
History
Pallion’s history combines two Australian precious-metals traditions. Palloys began in 1951 as Palloys Refining Co. in Woollahra, Sydney. It was established by Felix Parry, also known as Felix Pisarewski, a Polish war veteran and post-war refugee. The original business refined precious metals obtained from jewellery and dental sources. In 1952, an agreement with Matthey Garrett shifted the emphasis toward lost-wax casting for jewellery and dental components, while Matthey Garrett supplied bulk refining services. The company adopted the shorter Palloys name and by the middle of the 1950s was serving customers in Australia, New Zealand and Hong Kong. Palloys expanded beyond Australia in 1962 through a Hong Kong joint venture with Wheelock Marden. The venture was the first company involved in precious-metals casting in Hong Kong. In 1965, Wieland Edelmetalle acquired a minority interest, and Palloys became the Australian distributor for Wieland plating products. Interests associated with the Kay family acquired the remaining ownership in 1986. The second major predecessor was Australian Bullion Company (NSW) Pty Ltd, established in 1972 to distribute bullion products throughout Australia. It later traded as ABC Bullion and developed into an important independent Australian bullion dealer. Palloys diversified further in 1990 through a joint venture involving Bullion Mark and Harringtons, creating Alloy & Gold Supply (NSW) Pty Ltd. The venture manufactured alloyed precious-metal products including wire, sheet, solder and milled wedding rings, while also providing refining services. Through subsequent ownership changes, the non-Palloys interest moved to AGR Matthey, a venture linked to the Perth Mint, Australian Gold Alliance and Johnson Matthey. New interests acquired Palloys in late 2007. In 2008, Palloys acquired AGR Matthey’s interests in Alloy & Gold Supply and its jewellery division. Alloy & Gold Supply was renamed AGS Metals, and the broader Palloys Group emerged. The group launched a large computer-aided design, rapid-prototyping and jewellery-manufacturing division in 2008, added the Regentco jewellery-findings business in 2009 and acquired P.J. Williams through AGS Metals in 2011, creating AGS|PJW. International expansion accelerated between 2009 and 2014, when Palloys acquired Goldenage International. The business had manufacturing and office operations in Hong Kong and mainland China and was known for volume jewellery findings. It later added premium custom production for major jewellery brands. In 2012, the group moved its international headquarters to Sydney. That year Pallion-related interests and ABC Bullion formed a joint venture to acquire ABC Refinery. The refinery became a major private Australian refiner and assayer, receiving laboratory accreditation and later international market accreditations. ABC Bullion also began Hong Kong trading operations in 2013, while Custodian Vaults was established in Australia to provide private secure storage. In 2014, ABC Refinery began constructing a new Australian minting facility, and the Pallion jewellery division received an Australian Jewellery Industry Award. Late that year, ABC Bullion and Palloys Group companies financially merged under the Pallion holding company. In 2015, Palloys was recognised as an Australian jewellery manufacturer, Pallion acquired A&E Metals, and ABC Bullion received rights to manufacture Melbourne Cup trophies. ABC Refinery joined the LBMA Good Delivery list for gold in December 2015. The group continued to build international market access. ABC Refinery received Shanghai Gold Exchange accreditation in 2018 and installed an acidless refining system that was presented as reducing harmful chemical use and emissions. Pallion also acquired WJ Sanders, described as Australia’s last traditional manufacturing silversmith. Palloys obtained Responsible Jewellery Council certification in 2019. In 2020, ABC Refinery received CME Group accreditation for COMEX gold, while several jewellery businesses were consolidated under the Palloys name. In 2021, ABC Refinery gained LBMA and COMEX recognition for silver. ABC Bullion opened a global retail flagship in Sydney in 2023. Pallion remains an active private group with facilities and offices across Australia and selected Asian and European markets.
- 2023
ABC Bullion opens Martin Place flagship
[1]ABC Bullion opens a global retail flagship in Sydney.
- 2021
Silver delivery accreditations
[1]ABC Refinery receives LBMA and COMEX recognition for silver products.
- 2019
Palloys receives Responsible Jewellery Council certification
[1]Palloys achieves certification for its jewellery manufacturing and wholesale operations.
- 2018
Shanghai Gold Exchange accreditation
[1]ABC Refinery becomes an approved international seller on the Shanghai Gold Exchange.
- 2014
Pallion is created
[1]The ABC Bullion and Palloys Group businesses financially merge under a new holding structure.
- 2012
ABC Refinery is acquired through a joint venture
[1]Pallion-related interests and ABC Bullion acquire the refinery, adding large-scale refining and assaying capability.
- 2008
Palloys Group develops CAD/CAM manufacturing
[1]The group launches a major computer-aided design, rapid-prototyping and jewellery-manufacturing operation.
- 1990
Palloys enters fabricated precious metals
[1]A joint venture expands the business into alloyed wire, sheet, solder, wedding rings and refining services.
- 1972
Australian Bullion Company is established
[1]The future ABC Bullion business begins distributing bullion in Australia.
- 1962
Palloys Hong Kong begins operations
[1]A joint venture opens in Hong Kong and develops precious-metal casting capacity.
Products and positioning
An integrated, privately owned precious-metals platform serving institutional, investment, government and business-to-business jewellery customers across Australasia and international markets.
Bullion dealing and investment metals · 1972
ABC Bullion
ABC Bullion distributes and trades investment precious metals, including refined bullion products. It serves retail, institutional and wholesale customers and has operated in Australia since the establishment of Australian Bullion Company in 1972. Its activities also include bullion manufacturing and international distribution, with a Hong Kong trading presence and a Sydney retail flagship.
Refining, assaying and minting · 2012
ABC Refinery
ABC Refinery refines and assays precious metals and produces minted and institutional bullion products. Its credentials include laboratory accreditation and recognition connected with the LBMA, Shanghai Gold Exchange, CME Group and COMEX. The refinery also operates acidless refining technology intended to reduce harmful chemical use and environmental emissions.
Jewellery manufacturing · 1951
Palloys
Palloys provides business-to-business jewellery design, casting, custom production, rapid prototyping and manufacturing. Its capabilities developed from the original Palloys precious-metal casting business and later incorporated several group manufacturing operations. The brand serves jewellery companies internationally and has produced specialist and premium custom work.
Jewellery components · 2009
Jewellery findings
The group supplies findings and other small jewellery components through operations developed in Australia, Hong Kong and mainland China. Goldenage International expanded the group’s volume findings capabilities, while Regentco added an Australian findings business. These operations support jewellery manufacturers and wholesalers rather than end consumers.
Fabricated precious metals · 2011
AGS|PJW
AGS|PJW represented the group’s fabricated-metals manufacturing activities, including precious-metal wire, sheet, solder and related alloy products. It also supported wedding-ring manufacture and electroplating services. In 2020, the business was amalgamated under the Palloys name.
Secure vaulting · 2013
Custodian Vaults
Custodian Vaults provides private secure storage for precious metals and related valuables. The operation was established in Australia as part of the group’s expansion beyond manufacturing and bullion dealing into custody and physical asset protection.
Brand decisions
2020
Consolidation of jewellery manufacturing brandsStrategyBackground
Several Pallion jewellery and fabricated-metals businesses operated under separate names.
Action taken
A&E Metals, AGS|PJW, Regentco and Palloys were amalgamated under the Palloys trading name.
Aftermath
The consolidated Palloys brand became the group’s single business-to-business jewellery-market identity.
2018
Investment in acidless refiningStrategyBackground
Conventional precious-metal refining can involve acids and generate environmentally harmful emissions.
Action taken
ABC Refinery installed an acidless refining system designed to operate without harmful acids.
Aftermath
The company described the installation as creating the world’s largest acidless refining capacity at that time.
2014
Financial merger creating PallionM&ABackground
ABC Bullion and the Palloys Group represented complementary bullion, refining, manufacturing and jewellery-service businesses.
Action taken
The companies financially merged under a new Pallion holding structure.
Aftermath
The merger created an integrated private precious-metals services group with Australian and international operations.
Recent events
- 2023
ABC Bullion opened a Sydney global retail flagship[1]
Product launch
ABC Bullion opened a flagship retail location in Martin Place, Sydney, expanding its physical customer presence.
- 2021
ABC Refinery gained LBMA and COMEX recognition for silver[1]
Regulation
ABC Refinery was added to the LBMA Good Delivery list for silver and the relevant COMEX silver delivery list.
- 2020
ABC Refinery accredited for COMEX gold delivery[1]
Regulation
ABC Refinery received CME Group accreditation, allowing its bars to be included among brands eligible for physical settlement of the COMEX gold futures contract.
- 2020
Pallion jewellery manufacturing entities consolidated under Palloys[1]
M&A
A&E Metals, AGS|PJW, Regentco and Palloys were amalgamated under the Palloys name to serve the international business-to-business jewellery market.
- 2019
Palloys achieved Responsible Jewellery Council certification[1]
Regulation
Palloys became the first Australian jewellery manufacturer and wholesaler identified in the reference material as certified by the Responsible Jewellery Council.
- 2018
ABC Refinery accredited by the Shanghai Gold Exchange[1]
Regulation
Shanghai Gold Exchange accreditation enabled ABC Refinery to sell gold directly into the Chinese market under the exchange’s approved framework.
- 2018
ABC Refinery introduced acidless refining technology[1]
Product launch · Other
The refinery installed an acidless refining system intended to avoid harmful acids and reduce environmentally damaging emissions in precious-metal processing.
- 2015
ABC Refinery added to the LBMA Good Delivery list for gold[1]
Other
ABC Refinery received London Bullion Market Association Good Delivery recognition for gold, strengthening its position in institutional bullion markets.
- 2015
ABC Bullion received Melbourne Cup production rights[1]
Other
The Victorian Racing Club awarded ABC Bullion manufacturing rights for the Melbourne Cup suite of trophies.
- 2014
Pallion formed through merger of ABC Bullion and Palloys Group interests[1]
M&A
The ABC Bullion and Palloys Group companies financially merged under the Pallion holding structure, combining bullion distribution with precious-metals manufacturing and refining capabilities.
Sources1 sources
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