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De Beers speaks on demand for diamond jewellery, impact of India’s demonetisation policy on gems trade and synthetics’ threat or lack thereof

Global diamond giant, De Beers said that last year’s demand for diamond jewellery, across the key consumer markets, was broadly stable on 2015. Group head of media relations Lynette Gould told Rough & Polished’s Mathew Nyaungwa that the United States...

16 january 2017

We create jewelry that will remain after us

Jewelry holding Ringo, founded in 1993 in Ekaterinburg is one of the leaders in the Russian jewelry market, having an extensive customer base, a modern integrated manufacturing facility comprising all the cycles of jewelry making, from generating creative...

09 january 2017

Diamonds clad in tailor-made software

"Many passionate people believe in the future of the diamond sector but very few companies have the perception to invest in technology... have difficulty thinking or planning for long term,” feels Stephane Dujourdy, owner of an e-business company and...

04 january 2017

ALROSA is exploring Botswana for diamond deposits

Having 60 years of industrial diamond mining experience under its belt, ALROSA has long been successfully operating in several African countries, which are applying its expertise to a full extent. In 2012, the company formulated its Strategy for Developing...

26 december 2016

We are operating now in a more challenging geopolitical landscape

The world’s largest diamond hub in the City of Antwerp, tracing its origin as far back as the middle of the 15th century, came to its prominence soon after the Eureka Diamond, the first stone of this kind discovered in South Africa, caused a massive...

15 december 2016

Sarine delivers record number of Galaxy Inclusion Mapping Systems in 2016

11 january 2017
Sarine Technologies Ltd delivered a record 24 Galaxy family inclusion mapping systems in Q4 2016 bringing total 2016 deliveries to 84 systems compared with the previous record year of 48 deliveries.The firm has a total installed base as of the end of 2016 of 299 systems.
"On the backdrop of overall positive sentiments in the Indian diamond manufacturing industry, notwithstanding the Diwali holiday break of three weeks and the recent demonetization steps taken by the Indian government, we are pleased to report that our inclusion mapping systems sales have continued robustly, with a record 24 Galaxy family systems having been delivered in Q4 2016, of which 15 were of the Meteor model for small stones, 7 were Solaris systems, 1 was a Galaxy 1000 model and 1 was a Galaxy Ultra system," says a statement frm the company.
“Furthermore, though final numbers for the quarter are not yet available, we expect revenues for the fourth quarter of the year in excess of US$ 18 million, in line with or slightly better than our previous best Q4 on record (US$ 18.3 million) and constituting an improvement on a sequential as well as on a year-over-year basis”, it added.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished

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