News Bureau

 
 
April 21, 2017

Rough diamond tenders at DDE

Starting from 4 May to the 15 May


Rough Diamond Tenders 2017 organised by Trans Atlantic Gem Sales in association with DDE is starting from 4 May to the 15 May, viewings by appointment only. TAGS is offering about 50K cts of high quality diamonds from west-coast of South Africa.

The announced rough diamond tender would also featuring five special categories of 17 ct & up to 30 ct of rough diamonds. Trans Atlantic Gem Sales to bring series of rough diamond tenders to Dubai Diamond Exchange.

Previously, the Dubai Diamond Exchange (DDE), a subsidiary of DMCC, had announced its collaboration with Trans Atlantic Gem Sales (TAGS) who is to bring a series of international rough diamond tenders to the DDE in Almas Tower.

The collaboration will see TAGS organise six rough diamond tenders in 2017 with a view to hosting more in 2018. Members, miners and traders can participate by distributing and selling their goods through these tenders in a secure, transparent and regulated environment provided by the DDE, the only bourse in the Middle East affiliated with the World Federation of Diamond Bourses.

“Dubai has fast developed into one of the world’s top three diamond trading hubs, and the Dubai Diamond Exchange has been instrumental in achieving this growth. As a key market maker for rough diamonds we welcome strong partnerships like these, and wish TAGS every success in connecting markets and industry participants here in Dubai,” said Gautam Sashittal, Chief Executive Officer, DMCC.

“We have assembled a team that harnesses a broad range of capabilities and know-how covering the full range of services required to execute these types of international rough diamond tenders, and believe that the ability to offer buying opportunities of consistent and regular productions in a convenient and professional environment, will benefit both buyers and producers alike. We very much looks forward to working with our valued customers going forward”, said Mike Aggett – General Manager TAGS.

 

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