TAGS Specials Average $1m Each
June 28, 25
(IDEX Online) - Trans Atlantic Gems Sales (TAGS) sold 15 specials (+10.8 carats) for an average of over $1m each at its latest tender in Luanda, Angola.
Prices were above producers' expectations, reflecting what TAGS described as "the continued strength of demand for large, high-value natural diamonds".
It offered 17 stones and sold all but two, achieving over $15.5m for a total of 865.19 carats.
The Dubai-based tender house reported a better performance than in March, when it said prices and sell throughs were down, with markets jittery over the threat of US government tariffs.
File pic courtesy TAGS.
The latest tender was held in partnership with Sodiam, Angola's state-owned diamond trading company. TAGS said it invited 30 specialist clients.