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.
International News
Gold and Silver Hold Bullish Bias Amid Fed Rate Ambiguity and Geopolitical Risk-AUGMONT BULLION REPORT
- Demand and Supply – Gold and silver are carrying forward last week’s uptrend, helped by fewer bets on the Federal Reserve tightening policy next month, as investors wait for key U.S. inflation data that could reshape expectations around the Fed’s path.
- Geopolitical Tensions – The U.S. and Yemen’s Iran-backed Houthi rebels reported separate shipping attacks on Tuesday, while hopes of ending the Iran war seemed to fade further, as Tehran said the Strait of Hormuz would stay shut unless Washington agrees to its terms.
- Macro-Economic Signals – As investors wait for U.S. inflation data for clues on the Fed’s policy direction, a stronger reading could support a tighter stance and add more pressure on gold, while a softer number could bring some relief. Traders are currently pricing in a 50% chance of a hike in September, down from 60% before the jobs report.
Technical Triggers
- Gold’s break above $4200 (~Rs 1,46,000) has opened the way toward $4,500 (~Rs 1,56,000). Gold is holding support at its uptrend line through August. Near-term support sits at $4350 (~Rs 153,500).
- Silver’s move past $63 (~Rs 2,30,000) has opened the path toward $70-71 (~Rs 2,50,000-2,55,000).
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4350/oz : $4500/oz : Rs 151,500/10 gm : Rs 156,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $63/oz : $70/oz : Rs 230,000/kg : Rs 255,000/kg |
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