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 Technologies boosts Q3 revenues and net profit

13 november 2014
Sarine Technologies reported record quarterly revenues for the third quarter of $20.4 million; in the year-earlier quarter, it posted revenues of $17.3 million.
Net profit also set a new record for the third quarter at $5.7 million compared with $3.1 million last year.
For the first nine months of this year, revenues were $69.5 million and record net profit of $23.3 million, compared with $59.7 million and $19.4 million, respectively, last year.
Profit from operations in the third quarter was a record $6.8 million from $6.1 million last year. For the first nine months of 2014 profit from operations was $27.8 million from $24.7 million.
The improved operating performance on a year-over-year basis stemmed primarily from increased Galaxy™ family related revenues along with increased sales of our other rough-diamond planning and processing products.
As of September 30, 2014, the Group has an installed base of just under 185 Galaxy™ family systems. Overall recurring revenues for the nine months ended September 30, 2014 (including Galaxy™-related, Quazer services, annual maintenance contracts, etc.) represented 35% of our overall sales.
Cost of sales for Q3 2014 increased by 28% to US$ 6.1 million as compared to US$ 4.8 million for Q3 2013, with gross profit margins of 70% in Q3 2014 versus 73% in Q3 2013.

Anna Georgieva and Pavel Tolmach, Rough&Polished