GJ Town India

  Unrealistic for US to cut India out of their supply chains completely   In the TAGS September Market & Tender Report, Trans Atlantic Gem Sales (TAGS) said, while TAGS has continued to run regular tenders each month since our last report in May, and opened our new TAGS tender facility in Johannesburg, it has been against a background of ongoing turmoil, due to tariff threats and geopolitical uncertainty.   In Q1 the market saw signs of green shoots, that were extinguished in April with the potential of 25% tariffs (subsequently revised to 50%) on US imports affecting polished diamonds from India. Since then, the market has operated under a cloud of uncertainty, in the hope that some kind of agreement would be reached between India and other countries trading with the US, on the levels of tariffs to be imposed. However, despite all efforts tariffs on Indian imports doubled to 50% effective 27 August.    This move has escalated tensions between the w...

Tender that concluded on 29th April in Dubai Trans-Atlantic Gem Sales held the April Tender between the 25th and 29th April 2021 in Dubai. Despite the serious Covid situation in India, which resulted in the imposition of severe travel restriction into UAE and around the world, virtually all the leading manufacturers took the decision to relocate their buying teams to Dubai before the lockdown to ensure a supply of rough to the factories. We received a new supply of Angolan ‘Run of Mine’ rough which included several Exceptional Special stones +10.8 carats. Total carats offered were in the region of 45’000 with a value of approx $18m.   While the number of visiting companies was impacted by the travel restrictions, we still welcomed close to 100 companies, from all the leading centres.  We can report that we achieved 100% sales, and our appreciation goes out to the companies who all made the effort to participate in what are difficult times for our business.   Most comp...

Sells 100% of offered rough to 42 companies   Trans Atlantic Gem Sales (TAGS) DMCC recently held a rough diamond tender in Dubai from the 17th to the 23rd November 2020. In the context TAGS issued a statement.   According to the TAGS, Owing to the impact of Covid-19 and the forced closures of factories for several months, the traditional Diwali holiday was dramatically reduced, with some factories only closing for around a week. We commenced our tender on the 17th November and concluded on 23rd November 2020.  Most factories are now producing, although not at full capacity. Several months of severely restricted supply by the leading producers, coupled with a better than expected recovery in China and the Far Eastern markets has led to a reduction in polished stocks and improved liquidity in the midstream. While there remains a question mark over the impact of the virus on consumer markets generally, for the time being there is some optimism for the Christmas season. C...

Tender to run up to The 19th June 2019 Trans Atlantic Gem Sales (TAGS) will be holding a rough diamond tender in Dubai at the Dubai Diamond Exchange in the Almas Tower from the 12th June to the 19th June 2019. Two regular productions from South Africa and Angola will again be presented. All materials are of high quality and high colour and contain a significant number of large single stones and exceptional specials. TAGS are expecting in the region of 20,000 carats of South African goods and 10,000 carats of Angolan goods across a full range of sizes. The event should have a combined value in excess of US$30m; however final details will soon be forthcoming from the producers. Interested parties can contact TAGS at, bookings@transatlanticgemsales.com at their earliest convenience to schedule an appointment. The full event schedule for 2019 is listed on the Trans Atlantic Gem Sales website.