News Bureau

Trans Atlantic auction from 26th November

Trans Atlantic Gem Sales (TAGS) will be holding a rough diamond tender from the 26th November to the 3rd December 2018 at the Dubai Diamond Exchange in the Almas Tower, Dubai. Two regular productions of high quality and high colour material from South Africa and Angola will again be presented.

Viewings are limited due to the growing interest in the event and we recommend that all interested parties promptly confirm their attendance to ensure availability. TAGS are expecting in the region of 20,000 carats of South African goods and 25,000 carats of Angolan goods across a full range of sizes.

Final details will soon be forthcoming from the producers; however the event should have a combined value in excess of US$40m. The Trans Atlantic Gem Sales website lists the full event schedule for 2019.

TAGS also propose to give buyers an equal opportunity to gain access to a constant supply of product and complete pricing transparency which creates trust. The Trans Atlantic marketplace will provide the partner diamond producer with greater control over what goods are sold depending on the current market status, when goods are sold by taking advantage of selling hot spots and to whom the goods are sold.

Trans Atlantic Gem Sales provides access to real-time pricing information and system data, a global sales presence and access to the Dubai (DMCC) Diamond Sales facility through our exclusivity agreement. This methodology optimises sales and distribution by marketing the right goods to the strongest markets at the correct times and to the best buyers.

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