RAPAPORT… Stargems will host a series of rough-diamond tenders in Dubai this year, enabling miners, suppliers and other companies to buy and sell goods.
The sourcing-and-supply company has formed a partnership with the Dubai Diamond
Exchange (DDE) to stage the events at the bourse, the Dubai Multi Commodities Centre (DMCC) said Sunday.
“The business case is clear,” said Shailesh Javeri, chairman
of Stargems Group. “Diamond tenders are an increasingly important sales
mechanism for us. Through these tenders we hope to bridge the gap between the
diamond-producing nations and the manufacturing units in Asia. This partnership
will guarantee a secure and transparent tendering process in a regulated
environment provided by the DDE.”
More than 130 international buyers attended tenders at the DDE during 2017, the DMCC said.
Image: DMCC and Stargems teams
Stargems to Hold Dubai Rough Tenders
The Bottom Line
- Stargems plans to hold multiple rough-diamond tenders in Dubai throughout the year.
- The company partnered with the Dubai Diamond Exchange to host these events at the DMCC.
- The tenders aim to connect diamond producers with Asian manufacturers in a secure, regulated environment.
More Stories
Michael Hill Reports Sales Rise Across All Segments
Same-store revenue up in Canada, Australia and New Zealand.
Luk Fook Revenue Rises as Diamond-Jewelry Demand Improves
Group opens store in London, entering European market for first time.
91ct. Starlight Diamond Necklace to Headline Christie’s Shanghai
William Goldberg jewel carries high estimate of $2.7 million.
