Trans Atlantic Gem Sales (TAGS) will expand into South Africa, opening a tender house in Johannesburg to provide a sales channel to local producers and suppliers.
The new location will include 13 viewing rooms and a sorting facility, the company said Tuesday. It will offer local producers and suppliers a modernized, transparent sales avenue for their goods, and they will have access to the organization’s global customer base. TAGS will launch its Johannesburg facility in May of this year.
TAGS opened its first tender house in Dubai eight years ago, and for the past two years it has run a similar operation in Angola, where it manages tenders on behalf of Sodiam and the Angolan government.
The company aims to furnish the South African diamond industry with “a valuable alternative sales channel that enhances supplier revenues and supports growth in the local sector,” it said. “We firmly believe that opening this operation in South Africa is a natural progression for TAGS and represents a significant value proposition for local producers and suppliers.”
Image: Rough diamonds. (Trans Atlantic Gem Sales)
