Two tenders recently concluded in Dubai – Trans Atlantic Gem Sales (TAGS) first sales event of 2022 and Koin International’s first tender of the year – have shown strong demand for rough diamonds.
According to Rough & Polished, Trans Atlantic Gem Sales (TAGS) sold 100% of its goods during the tender (January 19-25, 2022). According to the company, it saw strong rough demand “across the full range of quality and sizes,” with “a particular focus on the cheaper ranges.” The tender included 30,000 carats with a value over $40 million. The company added that 100% of goods were sold “to around 60 companies representing all the leading centers.”
Meanwhile, Koin International sold more than $70 million of rough at its first tender of the year in Dubai, reporting a “high level of interest” throughout the six-day event in January, IDEX Online reports.
Koin’s tender, which offered 240,000 carats, attracted over 200 companies. According to CEO Adam Schulman, “Bidding depth and pricing was very competitive and reflected the high level of interest throughout the sale.”
