Vast Resources (VAST) has secured the week commencing 17 November 2025 for its rough diamond tender of in excess of 120,000 carats with Trans Atlantic Gems Dubai.
This is the first available date following a temporary slowdown in diamond demand during the Diwali festival period. The results of the auction will be announced once available.
The intention of the company remains to be directly and indirectly involved in the entire value-chain, where possible, in order to maximise returns for shareholders.
View from Vox
Diamond prices haven’t been that strong of late but, given that the Vast diamonds were something of a windfall for the company anyway, that ought not to matter. Diamonds from the Marange project in Zimbabwe were in the past highly lucrative for a number of parties, and it will be good to see Vast, the original owner of Marange, finally reaping some benefit. The proceeds should be substantial.