TAGS Sells a Record $62m of Rough in Dubai
July 26, 21
(IDEX Online) - Trans Atlantic Gem Sales (TAGS) last week sold a record $62m at a rough tender in Dubai.
It more than doubled its June sales of $30m, though the overall price per carat was lower.
There were many single stones +10-ct among the goods offered, from southern Africa and Angola, and several exceptional special stones, between 30-cts and 100-cts.
Over 100 companies were represented at the tender, which was extended by a day. Some canceled after Israel announced last-minute quarantine restrictions on travelers returning from UAE.
TAGS said it sold all 43,343 carats on offer and raised $62.6m, its highest ever from an individual event.
"Demand across the whole range remained extremely strong and prices remained at the record levels achieved last month," it said.
Pic courtesy TAGS