“I am pleased and proud to announce that this has been another strong auction for Grizzly,” says Grizzly’s chairman, Abdoulaye Ndiaye. “Our medium and high grade stones remain in high demand from our clients, as evidenced by our sales numbers. Hosting these auctions on a regular basis ensures that we can continue to supply the growing market for outstanding coloured gemstones.”
Highlights from the May Dubai Auction
💎123 clients in attendance from Europe, Asia, and Africa
💎112 lots were offered for sale, of which 105 lots (93.75%) were sold, a total of 1.49 million carats
💎This included the sale of the exceptional 6,620-carat Pilala stone, an emerald with intense fluorescent colour exhibiting transparent clarity
“The Pilala Stone in particular saw competitive bidding in our sealed process, with KBK Gem Stones ultimately submitting the winning bid.”
KBK, Jaipur, won the lot after competitive bidding, highlighting the demand for high-grade, colored gemstones from Grizzly’s Zambian mine. KBK has been a client of Grizzly for over 20 years, consistently attending their auctions.
The company, based in Jaipur, India, is known for its long-standing relationship with Grizzly, a leading gemstone mining company.
“We are grateful to the continuing support of our customers and are proud of all the work our team in Zambia has done to make this auction a success. Thank you.”
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