Sarine Technologies

[Boon]

How will simulated diamonds affect sarine?

They are basixally the same compound but flawless

Here is an opinion

Opinion - The good news about lab-grown diamonds
http://www.ehudlaniado.com/home/index.ph...n-diamonds

Thanks Boon but i cant find the answer to my question in that article.

This question of simulated diamonds is a bugbear to me and for this single reason i avoid it...

Hi Stephen,

Synthetic diamonds are not fake - they are legitimate alternative to natural diamonds.

Why would diamond producers have to form group to "fight" synthetics if it pose no threats to them ?

If it affects diamond producers - I believe it would affect Sarine too.

[CityFarmer]

For those interesting on synthetic diamond, the following company should be interesting. It located in Singapore, and recently visited by DPM Tharman. The company web site gives detail on the technology and quality of the synthetic diamond.

http://2atechnologies.com/

(not vested on both)

[greengiraffe]

Like that SGX ok? Yuzoo ran into some problems recently...

If like that ok then the Edge will be in great demand...

http://infopub.sgx.com/FileOpen/An_Artic...eID=356898

[thor666]

Like that SGX ok? Yuzoo ran into some problems recently...

If like that ok then the Edge will be in great demand...

http://infopub.sgx.com/FileOpen/An_Artic...eID=356898

Kind of worrying that listed companies do not know what they should not do... Even if allowed I don't find it appropriate.

Not vested.

Sent from my D5503 using Tapatalk

[CityFarmer]

Like that SGX ok? Yuzoo ran into some problems recently...

If like that ok then the Edge will be in great demand...

http://infopub.sgx.com/FileOpen/An_Artic...eID=356898

There is vastly different between a sponsored article, and a non-sponsored article. I am OK for a company to inform shareholder of an interview with the management

(not vested)

[CityFarmer]

A relevant article on the company diamond polishing biz?

Diamond cuts: India's global hub fears more job losses as China slows
08 Sep 2015 07:13
[SURAT] A year ago, India's diamond capital hit the headlines when one of the largest polishing companies in the western city of Surat treated hundreds of employees to bonuses in the form of Fiat cars, apartments and jewellery.

This year, there's no sign of a repeat bonanza in a city that by some estimates polishes about 80 per cent of the world's diamonds.

More than 5,000 Surat polishers have lost their jobs since June and thousands more could be left without work, as Chinese consumers pull back from luxury purchases, leaving jewellers with stocks of unsold jewellery and gems. Polishers say Chinese jewellers have defaulted on deals worth millions of dollars.

Nearly half a dozen large diamond companies in the city have closed down: a significant hit for an industry that employs nearly a million people in India, two-thirds of them in Surat.
...
REUTERS

Source: Business Times Breaking News

[greengiraffe]

When a company mgt is so ever eager to engage the community on its share price... it is always a red flag...

http://www.cnbc.com/2015/09/10/diamond-p...china.html

Diamond prices hit by stock market slump, China
Katy Barnato | @KatyBarnato
Thursday, 10 Sep 2015 | 9:13 AM ETCNBC.com

[/url]

17

COMMENTSJoin the Discussion
Is it time to splash on some investment jewelery? The answer may be yes if you fancy a diamond ring, with prices for the gemstone down as much as 29 percent since last year.
Diamond prices softened in August, as the global stock market slump hit discretionary spending and jewelry demand in China thanks to a clampdown on luxury gift-giving and the slowdown in the world's second-biggest economy.

[Image: 100920106-147992985.530x298.jpg?v=1429116215]Mark Evans | Getty Images
Prices for benchmark 1-carat (0.2 gram) diamonds fell by 0.9 percent last month, while cheaper 0.30-carat diamonds fell by a 1.7 percent, according to data out on Wednesday from the Rapaport Group, a body supporting the international diamond trade.
This continues a longer-term trend that has seen the price of 1-carat diamonds and 0.30-carat diamonds decline by 12.9 percent and 29 percent over the last 12 months, according to the Rapaport Group.
"Polished diamond prices continued to slide in August. Fewer dealers bought inventory and those with money waited for lower prices. A slump in global stock markets further dampened sentiment as the outlook for luxury spending diminished along with shareholder wealth," said Rapaport in its monthly report.

‹

• [url=http://www.cnbc.com/2015/04/15/are-cheaper-diamonds-a-sign-of-something-bigger.html?trknav=articlecarousel:inline:1:102985847][Image: 100920106-147992985.80x60.jpg?v=1429116215]
  What diamond prices are signaling aboutinflation
  
• [Image: 102608664-463343370_%5B1%5D.80x60.jpg?v=1429697794]
  Giant 100-carat diamond sells for $22.1M
  
• [Image: 102519189-diamond_watc.80x60.jpg?v=1426770996]
  Behold: A $40M(!) diamond watch
  

›

Even if August's tumult in stock markets proves isolated, Rapaport warned that the slowdown in China's economy, coupled with Beijing's clampdown on expensive gift-giving among officials and thedevaluation of the yuan, would prove an additional restraint on discretionary spending.
"While expectations from the Hong Kong Jewellery and Gem Fair in September are relatively low, dealers are pinning their hopes on holiday demand to stem the downtrend in polished prices that recurred in August," it said.
The impacts of the precious metal and luxury gem downturn are widespread, with Reuters reporting on Monday that more than 5,000 diamond polishers in India's diamond capital of Surat had lost their jobs since June. Nearly half a dozen large diamond companies in the city have closed down, according to the news wire.
"Earnings (in Surat) have fallen, as a majority of workers who are employed on a contract basis process fewer stones put through for manufacturing," Rapaport said in its report on Wednesday.
[Image: 102295744-453246905.530x298.jpg?v=1441891977]Prashanth Vishwanathan | Bloomberg | Getty Images

Time to boost the jewelry collection?
Jewelry returned an average of 1.9 percent in 2014, according to theCoutts Index of "passion" investments published last month. This trumped the return on watches, fine wines and trophy properties, although it was dwarfed by the 40 percent averaged on a "classic" car investment. 
This year, jewelry investors may be less lucky, with precious metals prices falling across the board as part of a broad-based decline in commodities. Spot gold prices have fallen 11 percent over the last 12 months, while the price of silver is down a sharp 24 percent andplatinum is down 29 percent.
Jewelers are feeling the pinch, with Tiffany & Co.'s second-quarter earnings and sales coming in below expectations. The U.S. luxury retailer flagged that the strength in the U.S. dollar had knocked 7 percent off worldwide sales.
Meanwhile, De Beers, the world-leading diamond producer, posted revenue of $3.0 billion for the first six months of 2015, down 21 percent from the $3.8 billion posted in the same period a year before.
As a result of the weakness, the Republic of Botswana, which owns 15 percent of De Beers, cut its 2015 economic growth forecast to 2.6 percent in August from the 4.9 percent predicted in February.
—By CNBC's Katy Barnato. Follower her on Twitter @KatyBarnato.

[Boon]

Q3 2015 Diamond Industry Conditions Update and Profitability Guidance

Kfar Saba, Israel, 1 October 2015 – Singapore Exchange Mainboard-listed Sarine Technologies Ltd (“Sarine”) (U77:SI), a worldwide leader in the development, manufacture and sale of precision technology products for the planning, processing, evaluation and measurement of diamonds and gems, wishes to update its investing public as to current industry conditions and their impact on the Group’s revenues and profitability.

As disclosed in our detailed discussion for the half year financials for H1 2015, published on 9 August 2015, issues of unsustainable rough vs. polished prices as well as residual inventory overhang resulted in very challenging market conditions in Q3. Sightholders, accordingly, refused an unprecedented 60%-70% of the offered rough diamonds at DeBeers' already substantially trimmed July sight, effectively buying only US$ 150-200 million worth – the lowest quantity for July since the global financial crisis of 2008-9. Thus, polishing output, which had already been reduced by some 20 – 30% as from December 2014, dropped to some 40 – 50% of normal output in July and August, all but negating the need for capital equipment investment and further impairing our ongoing processing fees from the GalaxyTM family of inclusion mapping systems.

At the subsequent DeBeers and Alrosa sights, in late August and September respectively, rough diamond prices were reduced by an average 8 – 10% by both producers, but quantities traded remained some 50% below normal. The Hong Kong Jewelry Show in the third week of September evidenced stronger than anticipated buying, but demand from key retailers in China and Hong Kong remains limited, though polished diamond retail activity has picked up substantially throughout the rest of the Asia Pacific area. These improving conditions towards the end of the quarter came too late to translate into significant revenues for Q3, also given that, although there has been a significant correction of rough prices, there is still reluctance by both mid- and downstream buyers to replenish stocks, as they believe further price adjustments are warranted and may be forthcoming. Therefore, coupled with the annual Diwali holiday in India in early November, we expect manufacturing activity will continue to be subdued for at least the first two months of Q4. We currently expect diamond manufacturing activities to trend back to normal from late Q4 2015 (post Diwali) or in Q1 2016, depending on developments in rough diamond pricing and the holiday season retail sales. 

The current challenges, coupled with the ongoing issues of limited working capital credit lines, have caused a handful of defaults amongst our midstream customers, primarily in India. Though the Group has not experienced any material collection issues to date, the liquidation sale of the equipment (previously bought by these manufacturers) in the second-hand market, has created additional pressure on our new-equipment sales, both for our legacy planning systems and our inclusion mapping systems, leading to the sale of only one GalaxyTM Ultra system this quarter.

Without final numbers yet available, we expect revenues for the quarter to be approximately half of those in Q3 2014 and down by approximately a third sequentially, in comparison to Q2 2015. We expect our quarterly recurring revenues to have been approximately a third down y- o-y and just shy of a fifth down sequentially, due to the lower manufacturing activities. We expect to record an operating loss for the quarter ended 30 September 2015 of around US$ 1.5 million, which includes non-cash expenses (depreciation, amortisation and option based compensation) of approximately $1.0 million.

Accordingly we are taking steps to reduce costs, while still focusing on bringing to market, in accordance with our long-term plans, what we believe to be future growth products and services. We have, as concurrently announced, launched the small stone inclusion mapping system, the MeteorTM, as planned, and will be opening our initial AllegroTM gemstone processing service centre in Jaipur, India, in Q4, also as previously announced. The pilot programs of the Sarine ProfileTM with key leading US and China/HK retailers are progressing on target for the upcoming key holiday season sales windows. The development of the derivative technologies based on the Sarine LightTM and Sarine LoupeTM complementary to the Sarine ProfileTM are also progressing, with preliminary trial beta implementation at selected customers possible in Q4. We expect revenue contributions from these new products and services will serve to broaden our revenue base in general, and our recurrent revenue base in particular, from FY2016 .

http://infopub.sgx.com/FileOpen/Press_Re...eID=371603
__________________________________________________________________________________________________

(not vested)

[greengiraffe]

Q3 2015 Diamond Industry Conditions Update and Profitability Guidance

Kfar Saba, Israel, 1 October 2015 – Singapore Exchange Mainboard-listed Sarine Technologies Ltd (“Sarine”) (U77:SI), a worldwide leader in the development, manufacture and sale of precision technology products for the planning, processing, evaluation and measurement of diamonds and gems, wishes to update its investing public as to current industry conditions and their impact on the Group’s revenues and profitability.

As disclosed in our detailed discussion for the half year financials for H1 2015, published on 9 August 2015, issues of unsustainable rough vs. polished prices as well as residual inventory overhang resulted in very challenging market conditions in Q3. Sightholders, accordingly, refused an unprecedented 60%-70% of the offered rough diamonds at DeBeers' already substantially trimmed July sight, effectively buying only US$ 150-200 million worth – the lowest quantity for July since the global financial crisis of 2008-9. Thus, polishing output, which had already been reduced by some 20 – 30% as from December 2014, dropped to some 40 – 50% of normal output in July and August, all but negating the need for capital equipment investment and further impairing our ongoing processing fees from the GalaxyTM family of inclusion mapping systems.

At the subsequent DeBeers and Alrosa sights, in late August and September respectively, rough diamond prices were reduced by an average 8 – 10% by both producers, but quantities traded remained some 50% below normal. The Hong Kong Jewelry Show in the third week of September evidenced stronger than anticipated buying, but demand from key retailers in China and Hong Kong remains limited, though polished diamond retail activity has picked up substantially throughout the rest of the Asia Pacific area. These improving conditions towards the end of the quarter came too late to translate into significant revenues for Q3, also given that, although there has been a significant correction of rough prices, there is still reluctance by both mid- and downstream buyers to replenish stocks, as they believe further price adjustments are warranted and may be forthcoming. Therefore, coupled with the annual Diwali holiday in India in early November, we expect manufacturing activity will continue to be subdued for at least the first two months of Q4. We currently expect diamond manufacturing activities to trend back to normal from late Q4 2015 (post Diwali) or in Q1 2016, depending on developments in rough diamond pricing and the holiday season retail sales. 

The current challenges, coupled with the ongoing issues of limited working capital credit lines, have caused a handful of defaults amongst our midstream customers, primarily in India. Though the Group has not experienced any material collection issues to date, the liquidation sale of the equipment (previously bought by these manufacturers) in the second-hand market, has created additional pressure on our new-equipment sales, both for our legacy planning systems and our inclusion mapping systems, leading to the sale of only one GalaxyTM Ultra system this quarter.

Without final numbers yet available, we expect revenues for the quarter to be approximately half of those in Q3 2014 and down by approximately a third sequentially, in comparison to Q2 2015. We expect our quarterly recurring revenues to have been approximately a third down y- o-y and just shy of a fifth down sequentially, due to the lower manufacturing activities. We expect to record an operating loss for the quarter ended 30 September 2015 of around US$ 1.5 million, which includes non-cash expenses (depreciation, amortisation and option based compensation) of approximately $1.0 million.

Accordingly we are taking steps to reduce costs, while still focusing on bringing to market, in accordance with our long-term plans, what we believe to be future growth products and services. We have, as concurrently announced, launched the small stone inclusion mapping system, the MeteorTM, as planned, and will be opening our initial AllegroTM gemstone processing service centre in Jaipur, India, in Q4, also as previously announced. The pilot programs of the Sarine ProfileTM with key leading US and China/HK retailers are progressing on target for the upcoming key holiday season sales windows. The development of the derivative technologies based on the Sarine LightTM and Sarine LoupeTM complementary to the Sarine ProfileTM are also progressing, with preliminary trial beta implementation at selected customers possible in Q4. We expect revenue contributions from these new products and services will serve to broaden our revenue base in general, and our recurrent revenue base in particular, from FY2016 .

http://infopub.sgx.com/FileOpen/Press_Re...eID=371603
__________________________________________________________________________________________________

(not vested)

As I said before Sarine is a derived demand company. There is no doubt there is good technology but as long as the underlying industry remains a cyclical one, a technology company depending on it can never be trading at premium ratings...

Odd Lots Vested
GG

[greengiraffe]

http://www.valuebuddies.com/thread-6597-...#pid120895

Got technoology but lacking in demand in the end-mkt so oso jelek...

Still a cyclical ind and hence don't deserve premium ratings rather should be trading at discounted ratings due to unpredictability