TAGS Prices "Above Expectations" on $6.5m Specials
December 02, 24
(IDEX Online) - Trans Atlantic Gem Sales (TAGS) sold nine specials for over $6.5m in a tender for Sodiam, Angola's state-owned diamond trading company.
It found buyers for all the +10.8cts good offered, all at above mines' reserve prices.
The goods included two high quality stones above 40 carats and a smaller pink stone.
Dubai-based TAGS said it was "very proud to be delivering results above expectation to the participating mines".
Goods were from Lulo, Kaixepa and, for the first time, from the Sangamina mine. The sale, in Luanda, was from 24 to 27 November.
In October TAGS/Sodiam raised $12.9m from the sale of a larger selection of 42 specials.
File pic from a previous TAGS tender.