TAGS to Hold Six Dubai Rough Tenders

Dubai: Trans Atlantic Gem Sales (TAGS) will host six rough diamond tenders at the Dubai Diamond Exchange this year, the companies announced.

The collaboration aims to enable suppliers with smaller production to present their goods alongside larger offerings and gain greater exposure. Buyers, meanwhile, will be able to maximize the value of their viewing time, since they’ll have access to a wider range of goods, the groups explained in a joint statement.

“[We] believe that the ability to offer buying opportunities of consistent and regular productions in a convenient and professional environment will benefit both buyers and producers alike,” said Mike Aggett, general manager of TAGS.

Dubai has developed into a sizable diamond trading center in the last decade, with rough imports of $5.44 billion and exports of $7.55 billion in 2015, according to Kimberley Process data.