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IDE's Yoram Dvash: 2017 shaping up to be more positive

After a tough 2015, last year provided the diamond industry with more stability and 2017 could be even better, says Yoram Dvash, President of the Israel Diamond Exchange (IDE) and Vice-President of the World Federation of Diamond Bourses (WFDB). In this...

Today

Education is the most important part of generic diamond promotion effort

The activity of World Diamond Mark® (WDM) established by the World Federation of Diamond Bourses (WFDB) to enhance consumers’ desire to buy natural diamonds is currently focused on the downstream segment of the diamond pipeline in the belief that the...

20 february 2017

There is more growth to come as global market turns to online purchasing

After living in UK and US for a considerable part of his life, Ashraf Ahmed returned to UAE where he lived as a child, only to set up shop in a sector he is passionate about... gem stones and jewellery. A graduate in Business & Finance, Ashraf is adequately...

13 february 2017

Global diamond jewelry sales are expected to decline slightly in 2016 - Bain & Company

Bain & Company, a leading global business consulting firm, offering solutions on issues of strategy and operations, works with over 2,700 major multinational corporations across every economic sector, including the diamond mining industry. Antwerp...

06 february 2017

Kristall is worried about the external environment, which is sometimes changing "categorically"

Kristall Production Corporation is the leader of Russia’s diamond-cutting industry. The company produces almost half of the total amount of diamonds, which are cut and polished in the country. Having over 50 years of diamond manufacturing experience...

30 january 2017

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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