Stargems to Hold Dubai Rough Tenders

Rapaport News

18 Feb 2018

Stargems will host a series of rough-diamond tenders in Dubai this year, enabling miners, suppliers and other companies to buy and sell goods. The sourcing-and-supply…

Stargems will host a series of rough-diamond tenders in Dubai this year, enabling miners, suppliers and other companies to buy and sell goods.

The sourcing-and-supply company has formed a partnership with the Dubai Diamond Exchange (DDE) to stage the events at the bourse, the Dubai Multi Commodities Centre (DMCC) said Sunday.

“The business case is clear,” said Shailesh Javeri, chairman of Stargems Group. “Diamond tenders are an increasingly important sales mechanism for us. Through these tenders we hope to bridge the gap between the diamond-producing nations and the manufacturing units in Asia. This partnership will guarantee a secure and transparent tendering process in a regulated environment provided by the DDE.”

More than 130 international buyers attended tenders at the DDE during 2017, the DMCC said.