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Sarine sales decline, reports loss for the first nine months

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Sarine sales
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Sarine Technologies reported a loss for the first nine months of 2025 as continued weakness in the natural-diamond manufacturing segment weighed on performance. Revenue fell 27% year on year to $22.3 million for the period ending September 30, reflecting broad demand softness across key markets.

The company posted a net loss of $500,000, which included a $100,000 loss tied to its investment in Kitov.ai during the third quarter. This compares with a $200,000 net loss in the same period of 2024, underscoring the deeper pressures facing the natural-diamond pipeline.

Sarine noted that manufacturers remain challenged by subdued global demand, driven primarily by the growing market share of lab-grown diamonds in the US and persistently weak luxury retail sales in China. Sentiment has been further dampened by uncertainty surrounding US import tariffs.

In August, the company completed the acquisition of a 33% stake in Kitov.ai, a provider of advanced inspection solutions for multiple industries. Sarine also extended a convertible loan to the firm, which could be converted into additional equity and raise Sarine’s ownership to as much as 51%, positioning the group for deeper technology integration and future growth opportunities.

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International News

DMCC Launches ‘DMCC FinX’ To bridge institutional capital, trade and technology

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DMCC – the leading international business district that drives the flow of global trade through Dubai – officially launched DMCC FinX today during the 13th Dubai Precious Metals Conference (DPMC) at Atlantis The Palm. Bringing together more than 1,000 senior industry figures, the conference convened global leaders from precious metals, finance, policy and technology to examine the forces reshaping the future of the sector.

Our closing panels at #DPMC2025 discuss regulation and market evolution. Deliberations on artisa (1)

Held under the theme “The Future of Precious Metals: Tariffs, Tokenisation and Trade Flows,” DPMC 2025 explored the rapid transformation of global commodities markets as geopolitical realignment, emerging technologies and reconfigured trade corridors redefine how value moves worldwide. Discussions centred on the convergence of precious metals, digital assets and finance; the rise of tokenisation; and Dubai’s accelerating role as a centre of trust, transparency and innovation for the global gold and precious metals industry.
Keynote speeches were delivered by H.E. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, Ruth Crowell, Chief Executive of the London Bullion Market Association (LBMA) and global financial commentator Grant Williams. The conference featured senior representatives from leading exchanges, refineries, bullion banks and regulatory bodies, including the World Gold Council, the Shanghai Gold Exchange, CME Group and the UAE Ministry of Economy. Panel sessions explored the realignment of global trade flows, the harmonisation of international standards, responsible sourcing in artisanal mining and the evolving role of bullion banks in a multipolar economy.

Our closing panels at #DPMC2025 discuss regulation and market evolution. Deliberations on artisa (2)

One of the headline announcements of the day was the formal launch of DMCC FinX – a strategic expansion designed to connect capital market participants, trade finance professionals and fintech innovators with DMCC’s rapidly growing community of more than 26,000 companies. Built on DMCC’s established financial and commodities infrastructure – including the Dubai Gold & Commodities Exchange (DGCX), its central counterparty and clearinghouse the Dubai Commodities Clearing Corporation (DCCC), DMCC Crypto Centre, DMCC Tradeflow platform, and key industry partnerships with regulatory players such as the Dubai Virtual Assets Regulatory Authority (VARA) – DMCC FinX will bridge real-world commerce, capital markets and digital assets, reinforcing Dubai’s position as a global hub where finance and trade intersect

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