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.