Grib Diamonds NV holds first rough diamond auction in Antwerp

Grib Diamonds, a subsidiary of OAO LUKOIL, will auction goods
from the diamond mine named after V. Grib in the region of Arkhangelsk, via an online auction on 23 September. Viewings will be held in Antwerp from 15 September.

"It is not often that the production of a new mine is brought to the rough diamond market," says Martin Leake, Head of Sales at Grib Diamonds. "A great number of people are very interested in Grib Diamonds’ first rough diamond auction and we are looking forward to it."

Ari Epstein, CEO of AWDC, is very pleased that OAO LUKOIL has chosen to come to Antwerp. "Antwerp is still the main trading center for rough diamonds worldwide. The Antwerp diamond sector is thus very happy and grateful that LUKOIL has chosen Antwerp as a location for a branch of Grib Diamonds. It once again confirms Antwerp’s strong position in the international diamond trade. We wish Grib Diamonds all the best!"

After thanking Epstein, Leaks said Grib Diamonds is planning to bring an extra dimension to the Antwerp rough diamond trade. "Grib Diamonds is aiming for maximum transparency. All customers receive a package containing complete information and a quality analysis of the goods that will be auctioned. Because of the auction model that Grib Diamonds uses, the price is determined by the market, creating a win-win situation for both the buyer and the seller," he concluded.