Advanced Search

Trans Atlantic Grosses $50M in Dubai Tender

Feb 27, 2019 4:05 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

 Trans Atlantic Gem Sales (TAGS) sold a record $50.1 million worth of rough diamonds at a tender in Dubai earlier this month, it said Monday.

A total of 79,213 carats of high-quality stones from mines in South Africa, Angola and Namibia yielded an average price of $633 per carat. The sale included a number of large, single stones and exceptional specials, the company said.

“TAGS has seen steady growth in both [volume] and value terms,” a company spokesperson noted. “Many returning customers reported positive results from manufacturing previous purchases.”

Some 194 clients attended the sale, the company’s first of the year. It will hold another seven tenders in 2019.

TAGS facilitates rough auctions and tenders on behalf of diamond producers, with operations in Antwerp, Cape Town and Dubai.

Image: Rough diamonds. (Trans Atlantic Gem Sales)
Tags: Dunai tender, Rapaport News, rough auctions, TAGS, Trans Atlantic, Trans Atlantic Gem Sales
Similar Articles
Russian Sanctions Banner ThumbnailRussia Sanctions: Resource Center
Jun 01, 2022
With the US imposing sanctions on Alrosa and other Russian entities, there is rising concern about the
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.