Vast Resources (VAST): Zimbabwe diamond parcel sale
This situation live
VAST Vast Resources
31 Oct 2025 · Parcel released; sale process begun · −31% until the next step
The Company has begun the process of selling the diamonds and this will significantly improve the financial position of the Company.
17 Nov 2025 · Initial parcel tender defined; higher-quality balance held back · −17% until the next step
The balance of the higher quality stones will be sold in a phased manner in due course to seek to maximise revenues and the total value of the diamonds for shareholders.
25 Nov 2025 · Initial parcel 98% sold; higher-grade balance remains · −14% until the next step
This first auction process paves the way for future tenders for the higher quality stones, and we look forward to providing further updates regarding those sales in due course.
1 Dec 2025 · Initial tender mostly low-grade; gem stones unsold · +26% until the next step
The Company will provide further updates to the market as and when appropriate.
22 Dec 2025 · Further diamond sales expected · +0% until the next step
The Company intends to use the revenue from upcoming diamond sales
30 Jan 2026 · Phased sales of higher-quality stones continue · +0% until the next step
The balance of the higher quality stones is being sold in a phased manner to maximise returns to Shareholders and are expected to improve the financial position of the Company.
31 Mar 2026 · Dubai sales delayed; Antwerp channel in talks · +0% until the next step
The Company is in advanced discussions regarding alternative sales channels in Antwerp and expects to conclude these arrangements in the coming weeks.
5 May 2026 · Antwerp channel set up; sales due to start · +0% until the next step
the Company has established an alternative sales channel in Antwerp and expects to commence the sales process during the week commencing 4 May 2026
15 Jul 2026 · Update promised shortly; no results given · +0% until the next step
The Company intends to provide a further update regarding the progress of diamond processing and sales shortly.
27 Jul 2026 · Polished sales deferred; retail channels started · +25% since
However, the Company, via its polished goods associate, has commenced selling via retail channels, which generate higher realised values per carat ("ct") but require significantly more management time
Zimbabwe diamond parcel sale
Polished sales deferred; retail channels started
Next: Dubai rough tender of c.5,000 ct, timing market-dependent
Every step · 10
- 31 Oct 2025 Parcel released; sale process begun – The Company has begun the process of selling the diamonds and this will significantly improve the financial position of the Company. ↗
- 17 Nov 2025 Initial parcel tender defined; higher-quality balance held back – The balance of the higher quality stones will be sold in a phased manner in due course to seek to maximise revenues and the total value of the diamonds for... ↗
- 25 Nov 2025 Initial parcel 98% sold; higher-grade balance remains – This first auction process paves the way for future tenders for the higher quality stones, and we look forward to providing further updates regarding those... ↗
- 1 Dec 2025 Initial tender mostly low-grade; gem stones unsold – The Company will provide further updates to the market as and when appropriate. ↗
- 22 Dec 2025 Further diamond sales expected – The Company intends to use the revenue from upcoming diamond sales ↗
- 30 Jan 2026 Phased sales of higher-quality stones continue – The balance of the higher quality stones is being sold in a phased manner to maximise returns to Shareholders and are expected to improve the financial... ↗
- 31 Mar 2026 Dubai sales delayed; Antwerp channel in talks – The Company is in advanced discussions regarding alternative sales channels in Antwerp and expects to conclude these arrangements in the coming weeks. ↗
- 5 May 2026 Antwerp channel set up; sales due to start – the Company has established an alternative sales channel in Antwerp and expects to commence the sales process during the week commencing 4 May 2026 ↗
- 15 Jul 2026 Update promised shortly; no results given – The Company intends to provide a further update regarding the progress of diamond processing and sales shortly. ↗
- 27 Jul 2026 Polished sales deferred; retail channels started – However, the Company, via its polished goods associate, has commenced selling via retail channels, which generate higher realised values per carat ("ct")... ↗
What is happening
Vast Resources: Zimbabwe diamond parcel sale – Polished sales deferred; retail channels started. ['Polished sales deferred; retail channels started']
- In short
- The first tender in November 2025 sold 98% of the parcel for about US$1.09m net, with higher-quality stones to be sold in phases. Dubai sales were delayed by Middle East conflict. On 27 July 2026 Vast said wholesale polished sales are deferred as Dubai and Antwerp are depressed, and it has begun retail sales of polished stones, only 19.51 ct sold so far.
- Announced
- 31 Oct 2025 · Parcel released; sale process begun
- Latest
- 27 Jul 2026 · Polished sales deferred; retail channels started
- New channel
- Antwerp, sales expected to start week commencing 4 May 2026
- Next milestone
- Further update on processing and sales shortly
- Channel
- Antwerp, sales expected from week commencing 4 May 2026
- Rough sold
- c.123,000 ct at c.US$8.50 per ct, revenue c.US$1.05m
- Polished sold
- 19.51 ct at average US$3,295 per ct, US$0.064m
- Polished remaining
- c.1,674.39 ct, estimated average US$2,750 per ct
- Polishing loss
- Estimated 50-75% of initial weight
- Next rough tender
- c.5,000 ct in Dubai, timing set by market strength and stability
What comes next
Dubai rough tender of c.5,000 ct, timing market-dependent.
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