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Sarine Files India Lawsuit 150
Sarine, Chinese Lab Debut Light-Performance Report
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...
Retail Sep 16, 2020 Rapaport News
Sarine Israel 150
Sarine to Track Alrosa Rough from Mine to Market
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...
Technology Aug 26, 2020 Rapaport News
Sarine 150
Sarine Turns Profit Following Cutbacks
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...
Manufacturing Aug 09, 2020 Rapaport News
Sarine Lucara 150
Sarine to Provide ‘Birth Certificate’ for Lucara Rough
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...
Technology Jun 28, 2020 Rapaport News
Sarine
Sarine Warns of Severe Earnings Impairment
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...
Technology Apr 28, 2020 Rapaport News
Diamond Grading
Sarine Ushers In Era of In-Factory Grading
Sarine Technologies has launched a new platform enabling manufacturers to tap its automated grading systems and issue a report in-house to support the needs of jewelers.The company this week introduced its eGrading innovation via a video...
Technology Mar 12, 2020 Avi Krawitz
Sarine
Weak Market Drives Sarine to Full-Year Loss
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...
Technology Feb 25, 2020 Rapaport News
Ellen Joncheere HRD Antwerp
HRD Antwerp Not for Sale (for Now)
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...
Polished Markets Feb 23, 2020 Joshua Freedman
HRD
Sarine Joins Race to Buy HRD Antwerp
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...
Polished Markets Dec 03, 2019 Joshua Freedman
Sarine
Sarine Returns to Profit in Third Quarter
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%...
Rough Markets Dec 03, 2019 Rapaport News
Alrosa Sarine
Alrosa Launches Digital Tenders with Sarine Tech
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...
Rough Markets Nov 11, 2019 Rapaport News
Sarine Tiffany
Sarine Adapts Grading to Reach Tiffany Standards
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...
Polished Markets Nov 03, 2019 Rapaport News
Dubai Conference Tech Panel
Diamond Manufacturers Must Brace for Automation
Imagine the following: A diamond-mining company operating with self-driving trucks loads its haul of ore to the processing plant, where rough diamonds are separated from waste and arranged in their rough forms into different...
Manufacturing Oct 31, 2019 Avi Krawitz
Sarine building 150
Sarine Anticipates Return to Profitability
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...
Manufacturing Oct 24, 2019 Rapaport News
Sarine
Sarine, NGTC Partner on Grading Standards
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...
Polished Markets Sep 19, 2019 Rapaport News
Sarine
Sarine Sales Dip Amid ‘Challenging’ Market
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,...
Polished Markets Aug 12, 2019 Rapaport News
Sarine
Diamond Slump Hits Demand at Sarine
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,...
Rough Markets Jul 30, 2019 Rapaport News
IIDGR
Will Gemologists Survive Automation?
Amid the tech boom that is shaping the diamond industry, a growing number of companies are challenging the grading laboratories, arguing that assessing the 4Cs should not be a subjective science.“Five to 10 years from now, diamond...
Technology Jul 10, 2019 Avi Krawitz
Sarine
Cutters Join Sarine’s Diamond Journey
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...
Technology Jun 11, 2019 Rapaport News
Sarine
Is 3-D the Industry’s Next Big Thing?
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...
Technology May 26, 2019 Rapaport News
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