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TAGS Sells $62 Million of Rough in Dubai As Demand Remains Strong

The tender was extended by a day and attended by representatives of more than 100 companies
Diamonds South Africa Tango
Credit: Tango

Trans Atlantic Gem Sales (TAGS) sold a record $62 million at a rough diamond tender in Dubai last week – more than double its June sales of $30 million, IDEX Online reports.

 

dmcc dubai diamonds metals
Credit: DMCC

 

The sale included many single stones +10-carat stones from South Africa and Angola as well as exceptional special stones between 30-carats and 100-carats. The tender was extended by a day and attended by representatives of more than 100 companies.

 

Dubai
Credit: Naufal MQ

 

All 43,343 carats on offer were sold and raised $62.6 million – TAGS’ highest revenue ever from an individual event. TAGS commented on the sale: “Demand across the whole range remained extremely strong and prices remained at the record levels achieved last month.”



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