RapNet


Rapaport News

 

Rough Markets

 

Búsqueda avanzada
Últimos artículos
Videos
Funciones
Noticias
Minas
Mercados en bruto
Mercados de pulidos
Fabricación
Minoristas

Rough Demand Strong at Trans Atlantic Tender

Company sells “almost 100%” of goods at Dubai event.
Nov 29, 2020 5:03 AM   By Rapaport News
Print Imprimir Facebook Facebook Twitter Twitter Compartir Share


RAPAPORT... 
Trans Atlantic Gem Sales (TAGS) sold “almost 100%” of the goods on offer at a rough tender in Dubai earlier this month as buyers showed optimism ahead of the holidays, the company reported.

The group, which sells diamonds on behalf of producers and artisanal miners, offered around 45,000 carats with a value of $35 million to $40 million, it said last week. A total of 130 companies attended the event at the Dubai Diamond Exchange (DDE) from November 17 to 23, with 42 making purchases.

“Several months of severely restricted supply by the leading producers, coupled with a better-than-expected recovery in China and the Far Eastern markets, has led to a reduction in polished stocks and improved liquidity in the midstream,” TAGS explained. “While there remains a question mark over the impact of the virus on consumer markets generally, for the time being there is some optimism for the Christmas season.”

As a result, demand for “correctly priced” commercial rough was strong, especially above 0.75 carats, the company added.

Israeli businesses were able to register for goods for the first time, following the recent peace treaty normalizing relations between Israel and the United Arab Emirates (UAE). Other bidders came from India, the UAE, Russia, China and Belgium.

TAGS sourced the diamonds from mines in South Africa, Namibia and Angola.

Image: Rough diamonds. (Trans Atlantic Gem Sales)
Etiquetas: Angola, artisanal miners, artisanal mining, Belgium, China, christmas, DDE, Dubai, Dubai Diamond Exchange, Far East, India, Namibia, Rapaport News, rough, Russia, South Africa, TAGS, Trans Atlantic Gem Sales, uae, United Arab Emirates
Artículos similares
Comentarios: (0)  Add comment Agregar comentario
Organizar comentarios De último a primero



Llámenos: 1-702-893-9400
Member License Agreement   Reglamento y Código de Conducta de RapNet    Política de privacidad  
  
twitter twitter
Acerca de Rapaport
Anuncie con nosotros