We bought this rug for my daughter's bedroom, and it is in fact ivory and blue. Definitely not even close to gray, but I was warned by other reviewers. Now I'm warning you! It also sheds like crazy. I'm hoping the shedding will stop at some point so I can stop vacuuming it all the time. 
Despite those two irritations, it is soft, good quality, and a nice, unique rug. Similar rugs in other stores were at least 30 more expensive, so I'm still glad I bought it.