The auction, held in Luanda, showcased a curated selection of 20 exceptional diamond specials, each weighing over 10.8 carats. The results were nothing short of extraordinary, with the auction fetching just under $17 million in total sales, marking yet another milestone achievement for TAGS.
Setting Records in Luanda:
TAGS' presence in Luanda, Angola, has consistently yielded impressive results, and this tender was no exception. With all lots sold achieving an average of 17 percent above reserve, it's evident that TAGS' offerings resonated strongly with buyers. The total sales at the event amounted to an impressive 636.2 carats, fetching an average price of $26,627 per carat. This success underscores TAGS' ability to consistently deliver exceptional value to its clients.
Continued Success and Growth:
TAGS' recent achievement builds upon its previous accomplishments in partnership with Sodiam. In December, at its second tender with the Angolan diamond giant, TAGS sold six specials and two pinks totaling 646 carats for $18.19 million. Similarly, the first joint tender held last October raised $22.3 million from 1,329.89 carats. These successive successes highlight TAGS' commitment to delivering exceptional results and its ability to adapt to the evolving demands of the market.
A Testament to Quality and Expertise:
The resounding success of TAGS' tenders is a testament to its unwavering dedication to quality and expertise. By curating a selection of top-tier diamond specials and fostering strategic partnerships with industry leaders like Sodiam, TAGS has established itself as a trusted authority in the diamond trade. The company's ability to consistently achieve outstanding results speaks volumes about its deep understanding of the market and its commitment to delivering value to its clients.
Looking Ahead:
As TAGS continues to expand its presence in the global diamond market, the future looks promising. With a track record of success and a commitment to excellence, TAGS is poised to maintain its position as a leading player in the industry. By staying true to its core values of integrity, innovation, and customer satisfaction, TAGS is well-equipped to navigate the opportunities and challenges that lie ahead in the dynamic world of diamonds.
TAGS' recent tender in Luanda stands as a shining example of the company's ability to deliver exceptional results in the diamond industry. With $17 million in sales and an average price well above reserve, TAGS has once again demonstrated its unwavering commitment to excellence and innovation. As the company continues to grow and evolve, one thing remains clear: TAGS is a name synonymous with quality, integrity, and success in the world of diamonds.
