Rapaport News


Rough Markets


Advanced search
Latest Articles
Rough Markets
Polished Markets

Stargems Closes Strong Dubai Rough Tender

Sale included 500,000 carats from Sacim mine in Democratic Republic of Congo.
Nov 25, 2019 7:56 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Stargems sold nearly $50 million worth of rough diamonds at a tender in Dubai this month.

A total of 577,000 carats of high-quality rough from across Africa went on sale at the Dubai Diamond Exchange’s Almas Towers, with more than 500,000 of those originating from the Sacim mine in the Democratic Republic of Congo. More than 200 international buyers attended the sale, one of the largest rough-diamond tenders to take place in the United Arab Emirates, the Dubai Multi Commodities Centre (DMCC) said Monday.

“Our November tender has set a new record for Stargems,” noted Shailesh Javeri, chairman of Stargems. “We are delighted with the overwhelming interest shown in the tender and the competitive price achieved for the rough stones.”

Image: From left to right: Juma Ghabish, government relations adviser for DMCC; Bhavesh Javeri, managing director of Stargems; Feryal Ahmadi, chief executive officer of DMCC; and Karan Javeri, CEO of Stargems. (Dubai Multi Commodities Center)
Tags: Dubai Diamond Exchange, Dubai Multi Commodities Centre, Rapaport News, Sacim mine, Shailesh Javeri, Stargems
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