Lugano Diamonds & Jewelry has filed for bankruptcy
November 20, 2025
Dr M’zée Fula Ngenge, Chairman at African Diamond Council (ADC)
Dr M’zée Fula Ngenge, Chairman at African Diamond Council (ADC)
November 20, 2025

Trans Atlantic Gem Sales Tender Report – November 2025

During the first week of November, we offered our first original Zimbabwe production in association with Taurum DMCC. We were pleased to welcome many new companies in addition to our regular clients. We are delighted to report that the majority of goods were sold. 

During the second week, we presented our regular Southern African production, consisting of a full range of sizes of high-quality goods, with an emphasis on the Special stones +10.8cts in both high quality and Fancy colours. We had attendance from more than 120 top-performing companies from all the centres. 

Overall, we experienced a strong uptake in viewings, with particular demand for the larger sizes. 2–10 carat ranges showed some improvement with little change in sizes below 2ct. Large sizes +10cts continue to perform well. We sold in excess of 90% of goods presented to 44 companies representing all the centres. During the week commencing 17 November, we have our next tender featuring a full range of goods and Single stones +10.8cts, in addition to the Zimbabwe goods from VAST Resources. 

Following this, on the back of our success, during the week commencing 24 November, we will present our second original Zimbabwe production in association with Taurum DMCC  

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