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Dubai: TAGS’ Rough Tender Enjoys “Extraordinarily Strong Demand’

TAGS sold all of the 18,655 carats on tender
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Trans Atlantic Gem Sales (TAGS), which held a rough tender in Dubai last week, raked in around $30 million by selling all of the 18,655 carats on tender, IDEX Online reports.


dmcc dubai diamonds metals
Credit: DMCC


The company said that all qualities and sizes were in “extraordinarily strong demand […] especially single stones and exceptional specials”. Goods from South Africa, Namibia and Angola “achieved record pricing across all ranges. First-time customers from Israel also attended, according to the report.


Diamonds and money bills
Credit: Africa Studio


In May, TAGS sold 45,000 carats of rough in Dubai for $18 million.

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