African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

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. 

news_02102019_tags.png



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