Trans Atlantic Gem Sales (TAGS) sold a record $62 million at a rough diamond tender in Dubai last week – more than double its June sales of $30 million, IDEX Online reports.
The sale included many single stones +10-carat stones from South Africa and Angola as well as exceptional special stones between 30-carats and 100-carats. The tender was extended by a day and attended by representatives of more than 100 companies.
All 43,343 carats on offer were sold and raised $62.6 million – TAGS’ highest revenue ever from an individual event. TAGS commented on the sale: “Demand across the whole range remained extremely strong and prices remained at the record levels achieved last month.”