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Sarine
Israel’s Sarine to Open Dubai Service Center
Sarine Technologies will launch a diamond-scanning center in Dubai following Israel’s peace deal with the United Arab Emirates (UAE).The Israel-headquartered company will partner with Trigem, a Dubai-based provider of services to the diamond industry, which...
Technology Nov 05, 2020 Rapaport News
Sarine Galaxy
Manufacturing Rebound Boosts Sarine Revenue
Sales at Sarine Technology improved in the third quarter as diamond-manufacturing levels increased following a lockdown in India, the equipment producer reported Wednesday.Revenue rose 25% versus the previous quarter to $7.4 million in the three months ending...
Manufacturing Oct 29, 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
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
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 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
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
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
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
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
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