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Dubai Rough Tender Garners $21M
Aug 19, 2018 8:09 AM
By Rapaport News
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RAPAPORT... Trans Atlantic Gem Sales (TAGS) sold $20.9 million worth of
rough diamonds during a tender it held in Dubai in early August.
The company sold 25,342 carats of high-quality stones
sourced from mines in South Africa and Angola for an average price of $824 per
carat, TAGS reported last week.
“The…rough diamond tender was slightly smaller to reflect
the forthcoming holiday period,” a company spokesperson said.
Some 114 companies attended the sale that took place from
July 31 to August 8, the eighth the company has held this year. It plans to
hold three more tenders in 2018.
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
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Tags:
Dubai, Rapaport News, TAGS, Trans Atlantic, Trans Atlantic Gem Sales
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