GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Sarine returns to nominal profitability

22 october 2019
news_28062018_sarine.pngIn the preliminary update for Q3 2019 released by Sarine Technologies, the company says it has returned to nominal profitability.
Sarine said despite ongoing negative conditions in the mid-stream, revenues for the third quarter will be 20 percent better than those of the second quarter, hitting $14 million, allowing for a nominal net profit. To keep expenses down has slightly reduced its research and development and general and administrative expenses.
Sarine also announced it had delivered a record number of Galaxy family inclusion mapping systems, outpacing previous records set in the first and then the second quarters of the year.
However, the decline in polishing activity because of reduced quantities of rough stones entering the pipeline has resulted in a decrease in the group's revenues from inclusion mapping services by 18 percent. Most of this decrease was seen in Sarine's service centre activities, just over half of which in Israel and Belgium.
Sarine is expected to release the full financials report for Q3 2019 on 10 November 2019.

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