TAGS first tender 2021 closed with 100% sold!

TAGS presented 87,000 carats from SA & Angola

Next tender during 24th February – 1st March 2021

January saw the DDE host 4 rough diamond tenders in addition to Alrosa and De Beers presenting goods to their contractual buyers. As a result and following strong seasonal sales into the American and Chinese markets, representatives from over 400 Indian based companies made the short journey to Dubai to purchase rough. 

TAGS presented 87,000 carats of their regular productions from Southern Africa and Angola, with a value close to $60m.

Around 150 companies took appointments however several companies had to cancel due to positive Covid-19 results on arrival in UAE. 

We extended the event by 2 days in response to the high level of demand for appointments and to allow sufficient time for analysis of the goods. Most of the visiting companies were from India as travel restrictions and quarantine regulations limited the numbers of regular attendees from other important centres. 

In addition to the significant number of Large Single stones +10ct, and Z / MB ranges from 3grs – 10ct which are a regularly feature, this month we had an increased quantity of high-quality goods in -3gr sizes, which was appreciated by our customers and will hopefully be available on a regular basis going forward. 

Overall, we experienced extraordinarily strong demand and achieved by far the highest prices we have seen since before the Covid-19 crisis. For the first time we are delighted to report the event closed with 100% sold.  In total around 60 companies were successful in securing goods. 

Our next Event will take place from 24th February – 1st March 2021.