Grib sets Company Record at $65m Rough Tender

By John Jeffay / August 05, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Grib Diamonds sold $65m of rough at its tender in Antwerp, amid competitive bidding.Highlight of the sale was a 7.0-ct stone (pictured) described as "purplish-pink or pinkish-purple", which sold for a company record of $100,000 per carat."Demand was strong, bidding competitive, prices remained overall flat, with some weakness starting to creep in to the bigger sized rough +5cts to 10cts range," said head of sales Antony Dear.Grib, a subsidiary of AGD Diamonds, has been marketing diamonds from the Grib diamond pipe, 130km from Arkhangelsk, in north-west Russia, at spot market internet auctions since 2014.  It sold a total of 650,000 carats at the tender last Thursday.

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