DiamondBuzz
Sarine Expands Indian Footprint, Unveils GCAL Laboratory In Mumbai
The facility is located in the SEEPZ, a major hub for India’s gem and jewelry export trade. By establishing a footprint directly within SEEPZ, the company aims to streamline logistics for local manufacturers and international exporters.
Israel-based diamond technology firm Sarine Technologies has officially inaugurated a new GCAL by Sarine jewelry certification and quality assurance laboratory in Mumbai, marking a key expansion in one of the world’s primary gem manufacturing markets. The opening of our SEEPZ lab expands GCAL by Sarine’s capabilities in India into jewelry certification and brings services closer to manufacturers and exporters
The facility is located in the Santacruz Electronics Export Processing Zone (SEEPZ), a major hub for India’s gem and jewelry export trade. By establishing a footprint directly within SEEPZ, the company aims to streamline logistics for local manufacturers and international exporters.
Key Takeaways for Investors and Industry Watchers:
- Strategic Positioning: Operating inside SEEPZ cuts turnaround times for major manufacturers, addressing growing industry demand for localized supply chain efficiency.
- Global Network: The Mumbai lab complements existing GCAL by Sarine grading facilities in Surat—India’s diamond-cutting epicenter—and New York, linking crucial production pipelines directly to the U.S. consumer market.
- Service Expansion: The new center broadens Sarine’s core offerings in the region beyond rough and polished diamond analysis to include full-scale finished jewelry certification.
DiamondBuzz
Angola Diamond Production Misses Target
Output Was 45% Lower Than Planned Due To High Operating Costs and Cash Flow Problems.
Angola mined 7.6 million carats of diamonds in the first half of 2026. This is a 10% increase from the 6.9 million carats mined during the same period in 2025, even though global demand for diamonds remains weak.
Despite this growth, total output fell 6% short of the country’s official target.
Why Production Missed the Target
Riverbed (Alluvial) Mines: Output was 45% lower than planned due to high operating costs and cash flow problems.
Hard-Rock (Kimberlite) Mines: Output slightly beat targets by 0.21%. Strong results at the older Catoca mine made up for setup delays at the new Luele mine.
Industry Challenges
Global diamond prices have dropped about 33% since 2022, while prices in Angola have plummeted by 52%. Miguel Vemba, a director at state diamond company ENDIAMA, warned that the market outlook remains difficult due to falling prices and rising pressure on mining companies.
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