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DUBAI / WAM
The Dubai Diamond Exchange (DDE), in collaboration with Stargems Group, announced the completion of six successful rough diamond tenders of SACIM goods (Anhui-Congo Mining Investment Company) with over two million carats auctioned.
The tenders were held at Almas Tower with around 200 diamond companies in attendance and facilitated by Dubai Diamond Exchange, a subsidiary of DMCC.
Earlier this year, DMCC signed a strategic partnership with Stargems, specialising in the sourcing and supply of fine diamonds, to host a series of rough diamond tenders. The agreement enables members, miners and suppliers from around the world to trade and distribute rough diamonds at Stargems’ events hosted at DDE’s headquarters in Almas Tower.
The six tenders offered clients the opportunity to bid for rough diamonds from Angola, the Democratic Republic of Congo and South Africa.
More than two million carats have been sold at the tenders, which achieved prices and volume expectations and reflect the constant demand for rough diamonds and the positive sentiment across the industry.