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HRD Names New CEO Amid Sale Process
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HRD Antwerp has hired Ellen Joncheere as its CEO in the middle of a process to sell the company.Joncheere currently holds the same position at Fremach International, a supplier of car parts to the automotive industry. She will join...
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Polished Markets
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Dec 26, 2019
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Rapaport News
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Sarine Joins Race to Buy HRD Antwerp
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Sarine Technologies has entered the running to acquire HRDAntwerp, according to two sources close to the sale process. The Israel-based diamond-technology company has registered its interest in buying the Belgian laboratory, as have two previous...
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Polished Markets
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Dec 03, 2019
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Joshua Freedman
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Sarine Returns to Profit in Third Quarter
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Sarine Technologies recorded its first quarterly profit this year amid solid demand for its Galaxy diamond-mapping equipment. Profit for the three months ending September 30 came to $234,000.While the figure was 13%...
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Rough Markets
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Dec 03, 2019
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Rapaport News
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Alrosa Launches Digital Tenders with Sarine Tech
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Alrosa has implemented a digital-tender pilot enabling buyers to scan rough diamonds to evaluate their polished output using systems from SarineTechnologies. The program, which the Russian miner debuted at its October sale, uses Sarine’s...
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Rough Markets
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Nov 11, 2019
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Rapaport News
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Sarine Adapts Grading to Reach Tiffany Standards
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Sarine Technologies will modify its diamond-grading equipment to comply with the luxury jewelry retailer’s stringentguidelines. Sarine bases its automated grading on the Gemological Institute of America’s grading system. However, Tiffany’s in-house graders have...
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Polished Markets
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Nov 03, 2019
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Rapaport News
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Sarine Anticipates Return to Profitability
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Sarine Technologies expects to register a “nominal” netprofit for the third quarter, as sales of mapping machines for small diamonds increasedamid a lessening of the midstream inventory crisis. The manufacturer of equipment for the diamond tradeforecast revenue...
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Manufacturing
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Oct 24, 2019
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Rapaport News
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Sarine, NGTC Partner on Grading Standards
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Sarine Technologies is collaborating with China’sNational Gemstone Testing Center (NGTC) to advance diamond-gradingstandards in China. Sarine CEO DavidBlock and NGTC president ZhiBin Ye signed the agreement in Beijing Monday, with the intention of combining NGTC’s extensive...
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Polished Markets
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Sep 19, 2019
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Rapaport News
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Sarine Sales Dip Amid ‘Challenging’ Market
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Sarine Technologies saw a sharp decline in revenue duringthe second quarter, as an oversupply in the midstream led to lower sales of manufacturing equipment. Sales fell 35% year on year to $11.6 million for the threemonths ending June 30,...
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Polished Markets
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Aug 12, 2019
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Rapaport News
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Israel Honors 12 Industry Dignitaries
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The Israel Diamond Manufacturers Association last week honored 12 individuals for their contribution to the industry.The ceremony, which occurs every two years, bestowing the title “Israel Diamond Industry Dignitary 2019,” took place...
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Polished Markets
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Aug 05, 2019
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Rapaport News
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Diamond Slump Hits Demand at Sarine
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Sarine Technologies expects to report a loss for the second quarter, ascontinued market uncertainties led to lower demand for its diamond-manufacturing equipment. The net loss will be approximately $1 million, the companycautioned earlier this month,...
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Rough Markets
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Jul 30, 2019
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Rapaport News
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Cutters Join Sarine’s Diamond Journey
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Sarine Technologies has partnered with 14 diamond manufacturers on its Diamond Journey provenance program, enabling retailers to tap a growing resource of polished stones certified through the initiative. “We expect to have tens of thousands of documented diamonds...
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Technology
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Jun 11, 2019
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Rapaport News
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Is 3-D the Industry’s Next Big Thing?
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In an era when consumers are more tech-savvy than ever, andonline jewelers are taking business from brick-and-mortar, tools thatenhance the customer experience can help retailers draw customers totheir stores. Many industries have...
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Technology
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May 26, 2019
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Rapaport News
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India Credit Slowdown Squeezes Sarine Profit
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Sarine Technologies posted a loss in the first quarter ascredit problems in the Indian manufacturing sector led to softened demand forits equipment. The diamond-technology company reported a net loss of $1.4million, versus a profit of $3.1 million for...
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Polished Markets
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May 20, 2019
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Rapaport News
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Manufacturing Slump Hits Sarine Earnings
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Sarine Technologies expects a loss in the first quarter, amid market uncertainties that led to soft demandfor equipment used in diamond manufacturing. The net loss will be between $1 million and $1.5 million, the company cautioned...
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Polished Markets
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Apr 23, 2019
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Rapaport News
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Market Challenges Lead to Sarine Profit Drop
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Profit at Sarine Technologies plunged in the fourthquarter, as sentiment in the diamond industry softened amid weaker consumer spending. The diamond technology company reported net profit fell 85% year on year to $93,000 for the threemonths...
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Technology
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Feb 25, 2019
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Rapaport News
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Sarine to Launch AI Lab at Israel Event
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Sarine Technologies will unveil itsfull-capacity, artificial-intelligence (AI) grading lab at the upcomingInternational Diamond Week in Israel (IDWI). The launch followsan initial pilot of the lab, which opened in Israel in February. Sarine hasmoved the lab...
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Technology
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Jan 23, 2019
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Rapaport News
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Sarine Weathers 3Q Market Slump
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Sales at Sarine Technologies rose in the third quarterdespite difficult trading conditions, the equipment maker said. Revenue grew 3.7% year on year to $11.7 million for thethree months ending September 30 as the company sold a larger...
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Polished Markets
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Nov 12, 2018
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Rapaport News
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Petra Adds Ex-De Beers Exec to Board
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Petra Diamonds has appointed former De Beers executive VardaShine as a non-executive director in line with a plan to refresh its leadership,the miner said Monday. Shine was CEO of the Diamond Trading Company — now DeBeers Global Sightholder...
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Mining
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Oct 29, 2018
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Rapaport News
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Lucara to Hold Debut Sale on Clara Platform
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Lucara Diamond Corp. will launch its first sale in Novemberusing its new digital platform that allows customers to obtain the exact rough diamondsthey need, it said Monday. The miner will upload a variety of diamonds...
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Mining
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Oct 22, 2018
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Rapaport News
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Lucara, Sarine Partner for Rough Program
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Sarine Technologies will provide digital services for LucaraDiamond Corp.’s new rough-sales platform, allowing customers to obtain diamondswith the exact specifications they require. Under the agreement, rough stones will undergo Sarine’sGalaxy inclusion...
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Mining
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Aug 21, 2018
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Rapaport News
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