Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

TAGS sells 85% of rough diamond from South Africa & Angola in September tender

02 october 2019

Trans Atlantic Gem Sales (TAGS) held their most recent rough diamond tender between the 20th to the 27th September and presented two regular productions from South Africa and Angola. Despite the current challenging period for the market, the TAGS registered several new companies, who it hopes to see regularly, and sold in the region of 85% of the goods presented. 

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For the last 2 tenders, TAGS’ clients had reported that the prices achieved were a good reflection of the current market position. They mentioned that it is beneficial for them to purchase only the goods they require, and at a financial volume where they can control their level of exposure.
Many clients had attended the Hong Kong Show which was far from a successful one. Some of the clients commented that they were encouraged to see that there were very few ‘distressed sellers,’ which is perhaps indicative that we have reached the bottom in terms of price erosion.
During the tender, the Dubai Diamond Exchange hosted their bi-annual Diamond Conference attracting all the leading diamond bodies from around the world, as well as all the leading mining companies. TAGS were Gold Sponsors of the event and were delighted to host several important producer representatives at the Gala Dinner on the 26th September 2019.
Also, TAGS were honoured to be the first Tender House to utilise the new world-class tender facility in the Almas Tower, highlighting our close professional relationship with the DMCC and DDE. Anthony Peter, the owner of TAGS, was privileged to be one of the dignitaries to open the facility.

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