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.

Recent News

Canada second most significant player in global mining M&A

July 22, 2024 / www.canadianminingreport.com

Plenty of potential for continued rotation out of tech

July 22, 2024 / www.canadianminingreport.com

Platinum to palladium ratio low, platinum to gold high, versus history

July 15, 2024 / www.canadianminingreport.com

Gold stocks up on metal and equities gains

July 15, 2024 / www.canadianminingreport.com

Most major metals rebound on potential global monetary easing

July 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok