Trans Atlantic Gem Sales (TAGS) welcomed more than 90 companies from all the leading centres, an increase on last month's attendance. Amongst those, the company saw a return of several of their Israeli clients who did not attend in December.
Overall, the mood amongst customers was positive, and with several other tenders taking place in Almas Tower, there was a strong presence of buyers in Dubai. This month TAGS presented a slightly smaller than average tender, consisting of more than 20,000 carats with a value of more than $20m.
Goods were of the regular Southern African and the company offered a number of high-quality stones +10cts. Bidding was strong across all ranges and in terms of prices, TAGS noted a strengthening of a few percent compared to December across most ranges.
Overall, TAGS sold in the region of 75% of goods presented to 44 companies, from New York, Belgium, Israel, and India. The company hopes to return to a more regular, larger tender in February.
The February tender runs from 28th February – 5th March, 2024.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
