Grib Auction Garners US$40M in Antwerp

Rough Market
28/04/2021 15:44

In their latest auction in Antwerp, Grib Diamonds sold over 580,000ct of rough diamonds for approximately US$40m. According to Grib demand continued to be strong for larger better quality rough, especially for 5-10ct, 2-4ct, 4-6GR, and even goods down to +11 showed robust prices. Results for smaller goods were weaker and saw decreases except for the -7+5.

Overall their production prices saw a low single-digit increase.

The next regular sale will be of new Angolan production containing rough from +10.8CT down to -7+5 with viewing starting in Antwerp from the 21st May.