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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
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
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 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
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, 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
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
Sarine Files India Lawsuit 150
Sarine Sues Rose Gems for Alleged Fraud
Sarine Technologies has filed a lawsuit against Indianmanufacturer Rose Gems, alleging breach of contract and fraud, thediamond-technology company said Sunday. The suit, which also alleges copyright infringement, relatesto activities Sarine initially reported...
Financial-Legal Feb 19, 2018 Leah Meirovich
Sarine Galaxy
Sarine Unit to Sue over Alleged Fraud
Sarine Technologies subsidiary Galatea will be taking legalaction against a manufacturer in Surat, India, claiming fraudulent use ofSarine’s Galaxy inclusion-mapping technology and software, the companyannounced Thursday. Galatea noted a long-term discrepancy between the weights...
Technology Jan 07, 2018 Rapaport News
Sarin Galaxy XL
Sarine Consolidates Surat Business
Sarine Technologies has united all its Surat-basedoperations in one building in the Indian diamond-manufacturing city.The new six-story facility, Sarin House, spans a total of 5,100square meters and houses about 400 staff members, the Israel-based...
Manufacturing Mar 15, 2017 Rapaport News
Sarine Clarity Uzi Levami
Sarine Appoints New CEO to Succeed Levami
Sarine Technologies named David Block as its new chief executiveofficer after Uzi Levami stepped down for personal reasons. Levami (pictured, right), 65, has been group CEO for eight years, a period inwhich...
Technology Jan 24, 2017 Rapaport News
Sarin Galaxy XL
Sarine Sales Jump Indian Liquidity Hurdle
Sarine Technologies expects fourth quarter revenuegrew significantly as sentiment improved in the Indian diamond manufacturingsector, the diamond equipment supplier said in a trading update.The company projected sales will surpass $18 million during the final...
Technology Jan 08, 2017 Rapaport News
Macys in the snow
Ecommerce Gains Leave Retail Stores in the Cold
Initial holiday sales figures pointed to a tougher seasonfor retailers with department stores Macy’s, J.C. Penney and Kohl’s reporting declines due to a shift toward online shopping. Macy’s share price slid 14 percent on Thursday after...
Retail Jan 08, 2017 Rapaport News
Uzi Levami, CEO, Sarine
Sarine Sales Surge as Diamond Market Recovers
Sarine Technologies’ revenue rose 45 percent in the secondquarter as a pickup in the global diamond trade helped increase sales of its manufacturing equipment.Revenue jumped to $20.9 million as the diamond technologyprovider reported recordsales of its Galaxy mapping systems...
Technology Aug 08, 2016 Rapaport News
Uzi Levami of Sarine and Yoram Dvash of Israel Dia
IDE Mandates Disclosure of Inclusion Mapping
Rough sellers at the Israel Diamond Exchange (IDE) will berequired to disclose that a stone has undergone inclusion mapping following anagreement between the bourse and Sarine Technologies.The IDE approved a memorandum of understanding (MOU) withSarine,...
Rough Markets Jun 01, 2016 Rapaport News
Sarine’s Revenue Plummets 42% in 2Q as Demand in Key Markets Weakens
Sarine Technologies Ltd., a diamond manufacturing equipment maker and bell weather for the industry, reported a 42 percent plunge in its second-quarter revenue as demand for polished in its key markets weakened and rough prices rose....
Technology Aug 11, 2015 Rapaport News
Sarine's 4Q Revenue +10%, Profit -13%
Sarine Technologies, a maker of diamond manufacturing equipment, reported that group revenue grew 10 percent year on year to $18.3 million during the fourth quarter that ended on December 31. Revenue growth was driven by increased sales...
Manufacturing Feb 23, 2015 Ronen Shnidman
Sarine Delivers its First Galaxy Ultra Microscopic Inclusion Mapping System
Press Release: Singapore Exchange Mainboard-listed Sarine Technologies Ltd., a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement and grading of diamonds and gems,...
Technology Dec 30, 2014 Sarine
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