Sarine Technologies Ltd, Israel-based diamond-tech specialist, has reported a 27 percent year-on-year decline in revenue for the first nine months of 2025, reflecting continued sluggishness in the natural diamond manufacturing industry.
The company said revenue for the period fell to US$22.3 million, down from US$30.6 million in the same period last year. It recorded a net loss of US$0.5 million, which included a US$0.1 million loss from its third-quarter investment in artificial-intelligence start-up Kitov.ai.
Sarine attributed the downturn to slowing global demand for natural diamonds, largely due to the growing popularity of lab-grown diamonds in the US and weak luxury retail sales in China, further compounded by US import tariff uncertainties.
Despite the softer sales, Sarine said its strategic developments are gaining momentum. Its most valuable planning (MVP) optimisation technology has been expanded to rough diamonds up to 1.25 carats, with larger-stone applications under way. The group also reported growing adoption of its AI-based grading solutions for polished diamonds, particularly LGDs.
The company has shifted all production to its wholly owned Indian subsidiary, completing its cost‑saving restructuring plan. It expects to realise the full benefits of these measures in 2026.
08-12-2025
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