Advanced Search

Trans Atlantic Brings In $35M at Dubai Tender

Jul 9, 2018 9:40 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

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
Tags: Almas Tower, Angola, Antwerp, Cape Town, Dubai, Rapaport News, Rough Diamonds, South Africa, TAGS, tender, Trans Atlantic, Trans Atlantic Gem Sales
Similar Articles
De Beers sightholder office 150De Beers Sales Drop in Slow Rough Market
Oct 03, 2019
De Beers’ sales slumped to $295 million in September as the miner continued to allow sightholders to refuse goods in the
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 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.