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TAGS Dubai High-End Rough Tender Realises $38.4M; $928/Ct.

Trans Atlantic Gem Sales (TAGS) reported that its rough diamond tender in Dubai, which ran from March 26  to April 2 this year, realised a total of $38.36 million from the sale of 41,347 carats. This translates to an average $927.87 per carat.

TAGS utilised 30 showing rooms in the Dubai Diamond Exchange to present the productions to 204 companies over the eight-day period. Specialist manufacturing companies from India, Belgium and Israel attended the tender.

Two regular productions from South Africa and Angola were again presented at the tender along with a Namibian production. All materials were of high quality and high colour and featured a significant number of large single stones and exceptional specials.

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