Hickman Shearer to auction off final assets of Vashi
On offer are almost 200 pieces of specialist diamond manufacturing equipment, office and photographic equipment, furniture and technology together valued at £200,000
Equipment sales specialists Hickman Shearer has been commissioned to auction off the final assets from Vashi’s West End headquarters and workshops.
The news comes after Vashi fell into administration earlier this year and its online operation, which accounted for 80% of Vashi’s business, was sold to Queensmith, a Hatton Garden-based, manufacturing jeweller and retailer of laboratory grown diamonds.
Queensmith also employed a number of staff who had lost their jobs as result of Vashi’s collapse.
Vashi had been “one of the fastest growing brands” in the UK and beyond when it folded in April 2023.
The diamond manufacturer and retailer, which specialised in bespoke jewellery and engagement rings, had opened boutique stores in Bond Street and Covent Garden, London, with further openings planned for New York.
The firm employed specialists in design, casting, setting and polishing diamond jewels and had notched up £100m in sales in 2021, being valued at £250m.
On offer are almost 200 pieces of specialist diamond manufacturing equipment, office and photographic equipment, furniture and technology together valued at £200,000.
Summary of sale of assets previously with Diamond Manufactures Limited (Vashi) includes:
- IT and Electricals
- Consumer Goods
- Plant and Machinery
- Industrial
- Automotive and Vehicles
- Food and Beverage Equipment
- Metalworking
- Other Industries
- Agricultural EquipmentWoodworking All to be sold in 197 lots
- Full suites of office equipment, including laptops and Apple products, specialist lighting, sound studio equipment, Photographic studio equipment, diamond testing equipment and other specialist equipment for diamonds, office furniture including specialist desks.
Interested parties can bid online via Bidspotter by 26 July 2023.
Tim Chapman, Hickman Shearer managing director, said: “Vashi was a highly ambitious company whose popularity and success soared in its early days. Queensmith are to be congratulated for taking over the mantle and developing the concept further, while we have the task of securing the best value we can for creditors when it comes to the remaining Vashi head office assets, whose quality reflects the late company’s ambition and initial achievements.”
