RapNet


Rapaport News

 

Rough Markets

 
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Trans Atlantic Grosses $50M in Dubai Tender

Company achieved average price of $633 per carat.
Feb 27, 2019 4:05 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 Trans Atlantic Gem Sales (TAGS) sold a record $50.1 million worth of rough diamonds at a tender in Dubai earlier this month, it said Monday.

A total of 79,213 carats of high-quality stones from mines in South Africa, Angola and Namibia yielded an average price of $633 per carat. The sale included a number of large, single stones and exceptional specials, the company said.

“TAGS has seen steady growth in both [volume] and value terms,” a company spokesperson noted. “Many returning customers reported positive results from manufacturing previous purchases.”

Some 194 clients attended the sale, the company’s first of the year. It will hold another seven tenders in 2019.

TAGS facilitates rough auctions and tenders on behalf of diamond producers, with operations in Antwerp, Cape Town and Dubai.

Image: Rough diamonds. (Trans Atlantic Gem Sales)
Tags: Dunai tender, Rapaport News, rough auctions, TAGS, Trans Atlantic, Trans Atlantic Gem Sales
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us