Sarine Sells Record Number of Diamond Mapping Systems in 2016

09/01/2017 16:12

Sarine Technologies Ltd, a global leader in the development, manufacture and sale of precision technology products for planning, processing, evaluating and measuring diamonds and gems, reports that it has delivered a record 24 Galaxy-family inclusion mapping systems in Q4 2016, bringing the total number of 2016 deliveries to 84 systems (previous record year saw 48 deliveries). This figure also tops their former quarterly record of 22 systems sold in Q3 2016. The majority of machines sold were of the Meteor variety for small stones (0.25 to 0.89 carat). Though the company's final numbers for the quarter are not yet available, they expect Q4 revenues in excess of US$18 million, in line with or slightly better than their previous best Q4 on record in 2014 (US$18.3 million), an improvement on a sequential as well as on a year-over-year basis. The company attributes their strong sales to the, "overall positive sentiments in the Indian diamond manufacturing industry, notwithstanding the Divali holiday break of three weeks and the recent demonetisation steps taken by the Indian government."