Sarine Technologies

[specuvestor]

Anyway, stretching a bit, is there a synthetic gold as well?

Gold is a basic element... it cannot be created

I'm not an expert in diamonds but here's my 2cents based on my experience in other matters:

If it is real means it is not synthetic right??

Synthetic and natural diamond have the same chemical composition, they are technically the same thing.

Saying so is like saying Hydrogen and Oxygen is the same as Water. You can have the chemical composition of cells but you cannot have life.

It is possible that artificial diamonds and natural diamonds have minute difference regarding structure or impurities. Otherwise the experts would not be able to tell them apart. Sometimes being not perfect is better. (HUH you say?) Same thing why people pay to go to concert rather than stay home and listen to pitch perfect digital CD studio recording. Or prefer home made pastries than machine ones.

Nonetheless the issue is whether is it rational to exist such a big gap in pricing between artificial and natural diamonds.

[Wildreamz]

Synthetic diamond and natural diamond are both made up of carbon atoms, arranged in the exact same way; ie, tetrahedral covalent bonds.

However, due to technological limitations in the past, most synthetic diamonds have slightly more impurities than natural diamonds, hence, most synthetic diamonds are coloured diamonds. More about synthetic diamonds, from wikipedia:

Colorless gem cut from diamond grown by chemical vapor deposition

Synthetic diamonds for use as gemstones are grown by HPHT[32] or CVD[88] methods. They are available in yellow and blue, and to a lesser extent colorless (or white). The yellow color comes from nitrogen impurities in the manufacturing process, while the blue color comes from boron.[30] Other colors, such as pink or green, are achievable after synthesis using irradiation.[89] Several companies also offer memorial diamonds grown using cremated remains.[90]

Gem-quality diamonds grown in a lab can be chemically, physically and optically identical (and sometimes superior) to naturally occurring ones.

The mined diamond industry has undertaken legal, marketing and distribution countermeasures to protect its market from the emerging presence of synthetic diamonds. Man-made diamonds can be distinguished by spectroscopy in the infrared, ultraviolet, or X-ray wavelengths. The DiamondView tester from De Beers uses UV fluorescence to detect trace impurities of nitrogen, nickel or other metals in HPHT or CVD diamonds.[91]

At least one maker of laboratory-grown diamonds has made public statements about being "committed to disclosure" of the nature of its diamonds, and laser-inscribes serial numbers on all of its gemstones.[88] The company web site shows an example of the lettering of one of its laser inscriptions, which includes both the words "Gemesis created" and the serial number prefix "LG" (laboratory grown).

I seriously doubt that synthetic diamonds can replace natural diamonds in the gemstone industry during our time. At least half of the human population will disagree

That said, synthetic diamond is going to play a greater role in the industrial diamond industry. Question is, does it affect Sarin? How many % of Sarin's revenue comes from that sector? Does synthetic diamond require grading and refining?

[specuvestor]

The proof of the pudding is simple: If they are absolutely identical, then experts will not be able to tell them apart. I know what you guys are saying: the composition is same so it must be the same. 2 and 2 are not the same when the former is a result of 3-1 and the later is 1000-98. The devil is always in the details. Same PE stock means nothing when one does not look at details.

If they are absolutely identical then countermeasures is not going to work, based on my experience in the IT sector, especially the evolution of software copying from floppies to internet. Or from china counterfeiting everything from taps to Rolex. The only countermeasure is hardware, or in this case certificates of authenticity from the production sites.

[Boon]

Sotheby's Sells 74 Carat Diamond for $14 Million

Published: Thursday, 18 Apr 2013 | 12:17 PM ET
By: Robert Frank

http://www.cnbc.com/id/100653266

[Nick]

CIMA Launches Sarine Light TM
Light Performance Grading Reports in Japan

Initial Customer for Sarine Light™

http://info.sgx.com/webcoranncatth.nsf/V...600329F87/$file/Press_Release_CIMA_Launch_of_Sarine_Light.pdf?openelement [Press Release]

This marks the birth of a new source of recurring income if it gains further commercial acceptance from more jewellery chains.

(Vested)

[Nick]

Another Brilliant Quarter for Sarin

Record Revenue of US$20.2 Million and
Record Net Profit of US$8.1 Million in Q1 2013

- Solid quarterly performance driven by positive business sentiments and robust GalaxyTM-related sales and services
- Deliveries of GalaxyTM family systems in Q1 2013 expanded total installed base to 105
- GalaxyTM-related recurring revenue grew almost 50% y-o-y and lifted total recurrent income to nearly 30% of Group revenue in Q1 2013
- Following the commercial launches of DiaExpertTM Atom and the Sarine LightTM, the Group will launch GalaxyTM Ultra in Q2 and Sarine LoupeTM later in 2013

http://info.sgx.com/webcoranncatth.nsf/V...2004A0B3B/$file/Press_Release_Q1_FY2013_Results.PDF?openelement [Press Release]

http://info.sgx.com/webcoranncatth.nsf/V...20048DCD9/$file/Sarin_Appendix_7_2_Q1_FY2013.pdf?openelement [SGX Announcement]

Stable operating results underpinned by growing recurring stream from the Galaxy installed systems. Any views ?

(Vested)

[Nick]

Kim Eng: No Threat From CFire

http://research.maybank-ib.com/pdf/docum...3_4489.pdf [Report]

Sarine Light which recently won a commercial agreement with CMIA has a new competitor in the form of CFire.

(Vested)

[jovialger]

Another good set of results for 2Q13:

http://infopub.sgx.com/Apps?A=COW_Corpor...esults.PDF

2Q sales +22%, NP +26% yoy

Besides interim div of US$1.50 cents (fixed), special dividend of 2.5 cents is declared, totalling 4 cents for this quarter. This represents over 200% increase in interim dividend vs 1.25 cents for 1H12.

Latest analyst presentation - http://infopub.sgx.com/Apps?A=COW_Corpor...t_2013.pdf

[Nick]

Kim Eng has upgraded Sarin TP to $1.86 and written a report titled - More Potential Rewards Await

http://research.maybank-ib.com/pdf/docum...3_4766.pdf [Report]

(Vested)

[Nick]

Sarin Tech - Better a diamond with a flaw than a pebble without.

CIMB has initiated coverage with $1.98 TP with a 46 page report which can be downloaded from the link in the first page of this report - http://www.remisiers.org/cms_images/rese...ybreak.pdf

Do buddies think the 40+% earnings CAGR is likely to occur ???

(Vested)