RE: Higher quality gems17 Nov 2025 07:43
Expected Value and Costs: No final valuation has been publicly disclosed yet (as of November 17, 2025), but rough gem-quality Marange diamonds typically fetch $100–$500+ per carat depending on size/color/clarity. Gross value could range from $13.5M–$67.5M+, though net proceeds to Vast will be reduced by ~20% for royalties, Minerals Marketing Corporation of Zimbabwe fees, legal/auction costs, security, and marketing.  This sale is seen as a “unique opportunity” to realize value and potentially unlock further Zimbabwean concessions for Vast.