International News
Sarine sales decline, reports loss for the first nine months
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.
International News
GJEPC Promotes Key Trade Events At IGI Dubai Event
The Dubai Event Created Opportunities For Participating Indian Exporters To Connect Directly With Potential Buyers.
GJEPC stepped up its international buyer outreach for IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX at an industry event organised by the International Gemological Institute (IGI) in Dubai.
Held at the Almas Tower Ballroom in Jumeirah Lake Towers, the IGI Ornamental QC Seminar brought together an audience of more than 70 jewellers, with leading retailers including Jawhara, Joyalukkas, Tajvi, Vinsmera, La Marquise, Bhima and Cara among the expected participants.
Ashish Sakhardande, Head – IJEX, GJEPC, represented the Council and delivered a presentation on its upcoming exhibitions and initiatives, placing particular emphasis on IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX, highlighting its new features and inviting UAE buyers to register for the Mumbai and Jaipur shows.
The UAE remains an important market for Indian jewellery exporters, making direct engagement with retailers and jewellery companies a key part of the buyer mobilisation strategy.
The Dubai event created opportunities for participating Indian exporters to connect directly with potential buyers. Business meetings and networking interactions were facilitated with several UAE-based companies, allowing exporters participating through IJEX to develop new commercial contacts.
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