RAPAPORT… Trans Atlantic Gem Sales (TAGS) garnered $35 million from a
tender of rough diamonds in Dubai in June, it said Monday.
The company sold 27,161 carats of high-quality
stones sourced from mines in South Africa and Angola. The diamonds fetched an
average price of $1,288 per carat during the event at the Almas Tower.
Some 126 companies attended the sale, the seventh the
company has held this year. It plans to hold two more tenders in 2018.
“We continue to get increasing registrations and
participation in our tenders as we are showing regular and consistent
productions,” a company spokesperson said.
TAGS facilitates rough auctions and tenders on behalf of
diamond producers, operating out of sales offices in Antwerp, Cape Town and
Dubai.
Image:
Trans Atlantic Gem Sales
Trans Atlantic Brings In $35M at Dubai Tender
The Bottom Line
- TAGS sold 27,161 carats of high-quality rough diamonds at an average price of $1,288 per carat during its June tender in Dubai.
- The sale attracted 126 companies and marked the seventh tender held by TAGS in 2018, with two more planned for the year.
- TAGS operates sales offices in Antwerp, Cape Town, and Dubai, facilitating auctions and tenders for diamond producers.
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