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Sarine, Chinese Lab Debut Light-Performance Report
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Sarine Technologies has partnered with China’s National Gemstone Testing Center (NGTC) to offer light-performance reports for a leading jewelry supplier in the region.The co-branded reports for high-end Chinese jewelry designer, manufacturer and wholesaler...
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Retail
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Sep 16, 2020
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Rapaport News
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Sarine to Track Alrosa Rough from Mine to Market
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Sarine Technologies will trace Alrosa’s rough diamonds from the mine through each point of their journey using technology already in play in the manufacturing sector.“[The system] enables tracking diamonds originating from Alrosa, however...
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Technology
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Aug 26, 2020
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Rapaport News
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Sarine Turns Profit Following Cutbacks
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Sarine Technologies ended the first half of 2020 in the black as deep cost cuts offset the effects of Covid-19.The supplier of diamond-polishing equipment made a profit of $1.2 million for the period, compared with a loss of $2.8...
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Manufacturing
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Aug 09, 2020
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Rapaport News
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Pandemic Is Pushing Industry to Embrace Tech
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The coronavirus pandemic has accelerated the use of technology in the diamond supply chain, diminishing the fear that many in the industry had toward embracing innovation, according to David Block, CEO of Sarine Technologies.“The fear...
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Technology
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Jul 20, 2020
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Rapaport News
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Sarine to Provide ‘Birth Certificate’ for Lucara Rough
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Sarine Technologies has expanded its collaboration with Lucara Diamond Corp. to include provenance traceability for all diamonds listed on the miner’s rough-sales platform.Clara, which enables customers to obtain individual rough diamonds with the...
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Technology
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Jun 28, 2020
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Rapaport News
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Sarine Warns of Severe Earnings Impairment
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Sarine Technologies expects the coronavirus pandemic to have a heavy impact on revenue in the second and third quarters amid shutdowns in its major markets. “We cannot yet forecast what our business results will be for...
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Technology
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Apr 28, 2020
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Rapaport News
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Weak Market Drives Sarine to Full-Year Loss
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Sarine Technologies reported a loss in 2019, as soft demand in the first nine months outweighed a stronger fourth quarter.The diamond technology company reported a net loss of $1.4 million for the year, compared with a profit of $7.6...
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Technology
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Feb 25, 2020
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Rapaport News
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HRD Antwerp Not for Sale (for Now)
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The Antwerp World Diamond Centre (AWDC) has postponed the sale of HRD Antwerp, and will instead embark on a turnaround strategy for the laboratory.“The [AWDC] board of directors and standing committee decided not to sell...
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Polished Markets
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Feb 23, 2020
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Joshua Freedman
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Peter Meeus Bids Again for HRD Antwerp
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Former HRD Antwerp chief Peter Meeus has made a second offer to buy the Belgian laboratory, after its owners rejected his initial proposal.“I’m going straight to the Hoveniersstraat 22 to [deposit] my new bid,” Meeus said...
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Polished Markets
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Feb 19, 2020
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Joshua Freedman
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Panel Highlights Traceability Opportunity
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The trend of adopting diamond traceability measures is gaining traction, according to participants in a panel discussion at Israel’s International Diamond Week.The panel, moderated by Rapaport Senior Analyst Avi Krawitz, explored how various businesses across the supply...
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Polished Markets
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Feb 13, 2020
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Rapaport News
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Israel Diamond Week Lifts Local Trade
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The International Diamond Week in Israel (IDWI) closed Wednesday with participants noting steady trading among local dealers in the absence of Chinese buyers.Delegations from China and Hong Kong were scheduled to attend the three-day...
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Marketing
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Feb 13, 2020
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Rapaport News
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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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