Hello, this item is a Navajo hand woven rug produced in the Two Grey Hills regional style, dating to the mid 20th century and consistent with rugs woven around the 1950s to early 1970s. Two Grey Hills rugs originate from the Navajo weaving region in northwestern New Mexico and are recognized for their finely woven wool construction, strong geometric designs, and natural sheep wool coloration rather than brightly dyed yarns. The style became especially prominent in the early to mid 20th century when Navajo weavers emphasized natural brown, cream, gray, and black tones derived directly from undyed wool. Characteristic features visible in this example include the symmetrical diamond motifs, stepped geometric borders, and the contrasting dark outer frame that is typical of the Two Grey Hills aesthetic.

From a market standpoint, mid 20th century Navajo Two Grey Hills rugs remain highly regarded within Native American textile collecting due to their craftsmanship and traditional weaving techniques. Value depends on weave density, condition, and size. Smaller examples in the approximate size range of 48 by 31 inches generally trade in the secondary market between $400 and $1,200 USD, while larger and more finely woven examples can reach significantly higher prices. Based on the visible design quality, the stated dimensions, and the reported excellent condition, a realistic current market value for this example would fall in the range of approximately $500 to $900 USD.