Hickman Shearer to public sale off remaining property of Vashi

Gear gross sales specialists Hickman Shearer has been commissioned to public sale off the ultimate property from Vashi’s West Finish headquarters and workshops.

The information comes after Vashi fell into administration earlier this 12 months and its on-line operation, which accounted for 80% of Vashi’s enterprise, was bought to Queensmith, a Hatton Backyard-based, manufacturing jeweller and retailer of laboratory grown diamonds.

Queensmith additionally employed various workers who had misplaced their jobs as results of Vashi’s collapse.

Vashi had been “one of many quickest rising manufacturers” within the UK and past when it folded in April 2023.

The diamond producer and retailer, which specialised in bespoke jewelry and engagement rings, had opened boutique shops in Bond Avenue and Covent Backyard, London, with additional openings deliberate for New York.

The agency employed specialists in design, casting, setting and sprucing diamond jewels and had notched up £100m in gross sales in 2021, being valued at £250m.

On supply are virtually 200 items of specialist diamond manufacturing gear, workplace and photographic gear, furnishings and know-how collectively valued at £200,000.

Abstract of sale of property beforehand with Diamond Manufactures Restricted (Vashi) contains:

  • IT and Electricals
  • Shopper Items
  • Plant and Equipment
  • Industrial
  • Automotive and Automobiles
  • Meals and Beverage Gear
  • Metalworking
  • Different Industries
  • Agricultural EquipmentWoodworking All to be bought in 197 heaps
  • Full suites of workplace gear, together with laptops and Apple merchandise, specialist lighting, sound studio gear, Photographic studio gear, diamond testing gear and different specialist gear for diamonds, workplace furnishings together with specialist desks.

events can bid on-line through Bidspotter by 26 July 2023.

Tim Chapman, Hickman Shearer managing director, mentioned: “Vashi was a extremely formidable firm whose reputation and success soared in its early days. Queensmith are to be congratulated for taking on the mantle and growing the idea additional, whereas we’ve got the duty of securing the perfect worth we will for collectors in the case of the remaining Vashi head workplace property, whose high quality displays the late firm’s ambition and preliminary achievements.”