International News
Gold sees significant decline on global trade tensions, recession fears
Spot gold experienced a significant decline on Monday, April 7, 2025, dropping 0.3% to $3,027.90 per ounce after hitting a 3.5-week low earlier in the session. This unusual behavior for gold, traditionally a safe-haven asset, prompted market speculation that investors are selling bullion to realize profits or cover margin calls on other investments. The sell-off is attributed to escalating global trade tensions and the resulting fears of a potential global recession.
Adding to the bearish sentiment, Morningstar’s John Mills foresees gold prices plummeting to $1,820 per ounce—a 38% decline—driven by easing inflation and potential trade normalization. Mehta Equities’ Rahul Kalantri attributes recent volatility to factors like a weak US jobs report and dovish Fed signals, projecting key trading ranges for gold.
Gold prices face a potential 38% decline, according to Morningstar’s John Mills, who forecasts a drop to $1,820 per ounce due to shifting market dynamics. Meanwhile, Mehta Equities’ Rahul Kalantri warns of persistent extreme volatility, outlining specific support and resistance levels in both USD and INR, and attributing the recent swings to various economic indicators.
International News
Sarine Posts $3.49 Mn H1 Loss As LGD Pressure Market
The Company Attributed The Latest Deficit Primarily To Higher Operating Expenses, Which Increased About 25% From A Year Earlier, Competition From Lab-Grown Diamonds and Weak Luxury Demand
Sarine Technologies Ltd. reported a net loss of $3.49 million for the first half of 2026, as competition from lab-grown diamonds and weak luxury demand in key markets continued to weigh on the diamond industry.
The Israel-based diamond-technology company said it expects market conditions to remain challenging, although anecdotal reports indicate that retail demand for natural diamonds has remained relatively stable.
Sarine’s loss for the six months ended June 30 compared with a $3.7 million loss in the second half of 2025 and a $166,000 loss in the first half of last year.
The company attributed the latest deficit primarily to higher operating expenses, which increased about 25% from a year earlier. Nearly half of that increase was linked to the impact of a weaker U.S. dollar against the Israeli shekel.
The natural-diamond polishing sector continued to face pressure from lab-grown diamonds, particularly in the U.S., while subdued luxury spending in China added to the strain. Sarine said those conditions hurt sales of capital equipment and some of its traditional services.
Some parts of the business, however, showed stronger momentum. Revenue from Sarine’s Most Valuable Plan, or MVP, more than doubled in the first half as diamond manufacturers increasingly adopted artificial-intelligence-driven planning tools to improve yields and reduce production costs.
Certification activity at GCAL, in which Sarine acquired a 70% stake in 2023, also increased more than 50%. The growth helped cushion weaker sales of capital equipment and lower volumes from the company’s Galaxy scanning business.
Revenue declined 6% year over year to $14.41 million, while the operating loss stood at about $2.2 million.
The results underscore the uneven impact of the diamond market’s structural shifts on technology providers. While traditional equipment and services remain exposed to pressure on natural-diamond manufacturing, demand for technologies that improve efficiency and reduce costs is gaining traction as manufacturers contend with tighter margins.
Sarine Posts $3.49 Mn H1 Loss As LGD Pressure Market
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Sarine Posts $3.49 Mn H1 Loss As LGD Pressure Market
This Raksha Bandhan, Turn A Timeless Bond Into A Keepsake With Palmonas
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National News2 hours agoGargi By P N Gadgil & Sons Unveils Rakhi Collection 2026: Over 1,000 Silver Designs, A Kids’ Character Range and 9kt Gold Gifting For Sisters
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International News1 hour agoSarine Posts $3.49 Mn H1 Loss As LGD Pressure Market
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