GJ Town India

  India will further lower overall operating costs in H2    Recently, Sarine Technologies Ltd announce its financial results for the six months ended 30 June 2025. Here are the key highlights, demand for natural diamonds continues to be impacted by lab-grown diamonds (LGD) in the United States and weak consumer sentiments in China, the two largest markets for natural diamonds.   Revenues of US$15.3 million for H1 2025 are 11% lower than H2 2024 and 30% lower than H1 2024, showing initial stabilisation (as further evidenced by EBITDA of US$1.6 million being 90% higher than H2 2024 and 49% lower than H1 2024) of operations as new services gain traction and generate more revenue.   With prudent cost management, the Group maintained positive cashflow and realised only a marginal loss of US$0.2 million in H1 2025. The just completed relocation of our manufacturing operations to our wholly owned subsidiary in India will further lower overall operating cost...

Rough diamond sales continue to recover!   Sarine Technologies Ltd, a worldwide leader in the development, manufacture and sale of precision technology products for the evaluation, planning, processing, finishing, grading and trading of diamonds and gems, wishes to update its investing public on improving results in the Group's businesses.   In continuation to our update to the public dated 01 September 2020 on improving conditions overall in the diamond industry value chain, we are pleased to report that the trend noted in said update has continued and even gained momentum. Indeed, the preliminary sales figure for De Beers Cycle 7 rough diamond sales in August, then noted as US$ 287 million, has been revised upward to the final figure of US$ 320 million. Furthermore, the preliminary figure for De Beers Cycle 8 rough diamond sales in October stands at US$ 467 million. Other major producers' sales of rough diamonds have increased commensurately. Rough prices at these two cy...