Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

TAGS July tender presents $50m full range size goods ; secures around 70% sales

25 july 2022
The July Tender received a solid level of interest with around 130 companies in attendance. While the global economies face ongoing challenges, the mood amongst buyers remained measured. Some shortages are appearing in inventories and demand remains steady, as per a press note from Trans Atlantic Gem Sales (TAGS).
Despite the apparent appetite to view goods, there is still a degree of fragility in the rough market in some quarters. This is likely resulting from a combination of uncertainty in the supply chain, the effects of worldwide inflation, a strong USD, and a general mood of caution amongst the world economies.
The leading consumer markets of US and Europe are reporting fair demand and polished prices have generally remained static during the past month.  However, the expected recovery in the Chinese market has failed to materialise and increasing Covid 19 cases threaten renewed lockdowns. The sanctions against Russian goods which came into effect in mid-March have begun to take effect with both US and Israel reporting reduced direct polished imports into the markets during the past month.
TAGS presented around $50m of goods in a full range of sizes, and secured sales of approximately 70% of the goods, Sales were made to 53 companies from all the major centres. Overall, prices in sizes -3grs held up well, 3-6grs performed less well as did the 2-4ct ranges. Single stones remain popular with specialist buyers.
Trans Atlantic Gem Sales next sales event takes place in Dubai from 17 to 23 August 2022.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished