Sarine Technologies Ltd, which is engaged in the development, production, marketing and sales of high-tech products for the analysis, planning, cut, measurement and evaluation of precious stones, reported on the implementation of a record 20 supply planning systems Galaxy family of inclusions in the second quarter of 2016. It was shipped to Galaxy 18 systems in the first quarter.
A record number of deliveries has been achieved against the background of a positive overall performance of the global diamond industry, as well as due to improving sentiment in the Indian diamond cutting industry. Of the 20 set Galaxy 10 family of systems are Meteor model for small stones, 8 constitute Solaris model and 2 belong to the Galaxy Ultra system.
Although Sarine has not yet presented its figures for the last quarter, the company suggests that revenues in the second quarter of 2016 exceeded $ 20 million, which was a significant increase in both the previous quarter and the same period last year. Based on these preliminary results, Sarine continues to increase the range of services for the diamond market and expects further profit growth.
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President of the Israel Diamond Exchange (Israel Diamond Exchange, IDE) Yoram u'Dvash (Yoram Dvash) and head of the Association of Hong Kong Jewelry Manufacturers (Jewellery Manufacturers Association of Hong Kong, HKJMA) Adam Lau (Adam Lau) signed a memorandum of understanding to expand cooperation between the two organizations, Rapaport reports portal.
The memorandum was signed on the trading floor IDE in the sixth in a row the International Diamond Week in Israel, which ended Feb. 18. This memorandum confirms the general desire to strengthen relations between the two organizations and the implementation of transactions between their members, according to a statement from the IDE 17 February.
"We agreed to cooperate in a joint venture in China and Southeast Asia, to hold periodic consultations to discuss common issues of interest to both sides This is done to strengthen the commercial relationship between our organizations.", - stated in the IDE application.
The International Diamond Week were also opened Zone Diamond Technologies (Diamond Technology Zone) in the IDE building and the new GIA laboratory in Israel.
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