Sarine Technologies Ltd., a leader in precision technology for the diamond and gemstone industry, reported revenues of US$15.3 million for the first half of 2025, down 30% year-on-year, as global demand for natural diamonds remained under pressure from lab-grown alternatives and weak consumer sentiment in China.
Despite the revenue drop, Sarine posted positive cashflow and limited its net loss to US$0.2 million, supported by cost-cutting measures, relocation of manufacturing to India, and growing adoption of its recurring-revenue services such as the Most Valuable Plan (MVP) and GCAL grading labs. EBITDA for the period stood at US$1.6 million.
Sarine highlighted continued erosion in lab-grown diamond prices, prompting some US retailers to reassess their LGD offerings. The company expects stable natural diamond demand at current levels, but noted that recently imposed 50% US tariffs on Indian diamond exports could disrupt the market ahead of the year-end season.
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On its 34th anniversary, Hari Krishna Group hosted Master Your Health at Nehru Centre, Worli, Mumbai, where Mr. Atul Shah, Founder of Ojas Life, shared insights on holistic wellness and preventive healthcare
#harikrishnaexports #hkdiamonds #kisnadiamondjewellery #hzinternational
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