News

Advanced Search

Trans Atlantic Reaps $31M at Dubai Tender

Oct 11, 2018 5:25 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 Trans Atlantic Gem Sales (TAGS) sold $30.6 million worth of rough diamonds during a tender it held in Dubai in late September and early October, it said Wednesday.

The company sold 41,335 carats of high-quality stones from mines in South Africa and Angola for an average price of $741 per carat.

“Despite what is currently a slightly softer rough market, the level of interest, number of companies viewing and numbers of appointments requested were all at a record level, and required TAGS to extend the viewing times each day and extend the final bidding deadline,” a company spokesperson said.

Some 131 companies attended the sale that took place from September 25 to October 2, the ninth the company has held this year.

TAGS facilitates rough auctions and tenders on behalf of diamond producers, operating out of sales offices in Antwerp, Cape Town and Dubai.

Image: Diamonds for tender. (Trans Atlantic Gem Sales)
Tags: Rapaport News, TAGS, Trans Atlantic, Trans Atlantic Gem Sales
Similar Articles
De Beers sight boxDe Beers Ready to Relax Its Provenance Rules
Dec 13, 2018
De Beers is planning to loosen its source-disclosure restrictions for sightholders following requests for increased transparency, Rapaport
Alrosa NovemberAlrosa Sees Upturn in Small-Stone Demand
Dec 10, 2018
Alrosa noted an improvement in demand for lower-value rough in November, even as total diamond sales dropped. Proceeds
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
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.