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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
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
Israel Dignitaries 2019
Israel Honors 12 Industry Dignitaries
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...
Polished Markets Aug 05, 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
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
Sarine
India Credit Slowdown Squeezes Sarine Profit
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...
Polished Markets May 20, 2019 Rapaport News
Sarine Technology Lab 150
Manufacturing Slump Hits Sarine Earnings
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...
Polished Markets Apr 23, 2019 Rapaport News
Sarine
Market Challenges Lead to Sarine Profit Drop
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...
Technology Feb 25, 2019 Rapaport News
Sarine lab
Sarine to Launch AI Lab at Israel Event
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...
Technology Jan 23, 2019 Rapaport News
Sarine
Sarine Weathers 3Q Market Slump
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...
Polished Markets Nov 12, 2018 Rapaport News
Petra Varda Shine 150
Petra Adds Ex-De Beers Exec to Board
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...
Mining Oct 29, 2018 Rapaport News
Lucara Clara
Lucara to Hold Debut Sale on Clara Platform
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...
Mining Oct 22, 2018 Rapaport News
Lucara
Lucara, Sarine Partner for Rough Program
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...
Mining Aug 21, 2018 Rapaport News
Sarine Clarity
Drop in India Orders Dents Sarine Sales
Sarine Technologies saw a slight decline in revenue during the secondquarter after orders for its diamond-mapping units fell in India. Total sales fell 1.1% year on year to $18 million for the threemonths ending June...
Technology Aug 13, 2018 Rapaport News
Sarine 150
Sarine Opens Tech Lab in Mumbai
Sarine Technologies has opened its second laboratory, offeringa full range of grading and documentation services. The new Mumbai facility follows the opening of the company’s first labin Ramat Gan, Israel, earlier this...
Technology May 31, 2018 Rapaport News
Sarine 150
India Upturn Boosts Sarine’s Results
Sarine Technologies, which supplies equipment to diamondmanufacturers, saw revenue rise in the first quarter, driven by increased salesof its Galaxy system in India. Group revenue for the period grew 2% year on year to $16.7million, the Israel-based...
Rough Markets May 23, 2018 Rapaport News
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