Industry News by Nemesis

TAGS Has Success with Dubai Rough Tender

November 14, 2019



Trans Atlantic Gem Sales (TAGS) recently held a rough diamond tender in Dubai from the 5th to the 11th November 2019 . 

With the Indian Diwali holidays now behind us, most Indian factories will reopen from 15th November 2019.  Against this backdrop TAGS welcomed over 100 companies from the international market to its event in DDE Almas Tower, Dubai.

Regular productions from South Africa and Angola were presented, and this time included many Special Stones +10ct.

Most of the goods by value were sold to over 40 companies representing all the leading centres.

TAGS has developed a strong and regular clientele and has managed to supply goods at prices that reflect the realities of the current market. This has gone a long way in developing its brand and the considerable customer loyalty they enjoy.

TAGS is also working hard to streamline their appointments system in order to allocate time slots that accurately reflect the time required to see specific ranges of goods.  To this end, clients have been very helpful in completing the ‘rough preferences’ form that was sent out. Completion of this has enabled TAGS to invite the right type of clients to their tenders and allocate the appropriate amount of time required, thereby increasing their efficiency and managing their customers' time to maximum effect.

De Beers reduced prices in certain areas at the recent Sight in Gaborone by between 5-7%.  Coupled with a greatly reduced sales volume in the past months, this has gone a long way to inject a degree of positivity in the market as we approach the seasonal selling period.

TAGS next tender will run from the 6th to the 12th December 2019. 

Several companies have requested the tender dates for 2020, as they start the planning process of their rough purchases from their regular sources.  TAGS will be confirming these dates with their Producer partners soon and they will be published on the TAGS website.

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