RNS Validated by Strand Hanson – Diamond Value Very Strong12 Jun 2025 07:34
Today’s RNS confirms what many of us have been hoping: the initial cleaning and specialist review of the diamond parcels has returned “very encouraging” results. And here’s the key — this wasn’t just casually written and published.
The wording, especially around the quality of stones and phased tender strategy in Dubai, has been signed off by Strand Hanson, Vast’s new NOMAD. That means it had to meet strict AIM regulatory standards for truthfulness, clarity, and materiality. In other words, the Company can’t just throw around optimism without solid backing.
Why does that matter?
It strongly implies the quality and expected value of the consignment is genuinely high, potentially far above what some feared.
The phased sale strategy suggests multiple value events, not a one-off bulk disposal.
Crucially, the fact that these stones haven’t already been sold — more than five weeks after being released — is a clear sign the company is not desperate. If Vast were in urgent need of cash, they’d have offloaded as much as possible, as fast as possible. Instead, they’re playing a long game, showing restraint and confidence in maximising value.
With NOMAD oversight now re-established and functioning, it shows Vast is getting its house in order — and wants the market to know it.
If the diamonds were low value or underwhelming, there’d be no need for a specialist review, a staged sale strategy, or cautious but confident language like “very encouraging.” This feels like the company lining up a serious valuation play — and doing it properly, with eyes on maximising trust and long-term revenue.
More than just a bullish sign — this is a shift in tone and trajectory.
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