GRIB Sells US$25m At Latest Tender, Prices Adjusting Slightly

Rough Market
02/10/2020 17:00

In its latest tender in Antwerp, GRIB Diamonds sold over 400,000ct of rough diamonds from its mine in the Russian Federation with proceeds in excess of US$ 25 million as well as US$ 2 million of Angolan goods. According to GRIB Diamonds, prices were slightly lower, on average 5%, as the market recalibrates after the large increase in demand seen in the September GRIB spot sale.