18-12-2020
Stargems has organised the largest rough diamond tender ever to take place in the United Arab Emirates (UAE) in Almas Tower in the Dubai Multi Commodities Centre (DMCC) Free Zone, offering rough diamonds from South Africa and Angola.
More than 250 companies and 500 individuals from India, Hong Kong, Russia, Israel, Belgium and Lebanon took part in the tender. All rough diamonds totalling 379,912 carats were sold to 115 tender winners at US$87.47 million.
DMCC CEO Ahmed Bin Sulayem commented on the smashing result: “Despite the obstacles posed by the pandemic, this record-breaking tender is a tremendous boost of confidence for the entire industry and testament to the strength and resilience of Dubai’s diamond ecosystem.” Stargems is planning to run more auctions in Dubai in 2021.
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