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An announcement from Sarine Tech ( (SG:U77) ) is now available.
Sarine Technologies has reported progress in its strategic initiatives amid challenges in the natural diamond manufacturing industry, which faces reduced global demand due to competition from Lab Grown Diamonds (LGD) and weak luxury sales in China. The company’s Most Valuable Planning (MVP) optimisation for rough diamonds and AI-based grading for polished diamonds are gaining traction, with expansions planned for larger stones. Sarine’s grading solutions are being adopted by new customers, particularly those dealing with higher-end LGDs, as an alternative to the GIA’s reduced grading services. Additionally, Sarine has successfully restructured its operations, transferring production and most customer support services to its Indian subsidiary.
More about Sarine Tech
Sarine Technologies Ltd is a global leader in precision technology solutions for the diamond and gem industry, focusing on evaluation, planning, processing, measurement, grading, and trading. The company is listed on the Singapore Exchange Mainboard and Tel Aviv Exchange.
Average Trading Volume: 248,067
Technical Sentiment Signal: Buy
Current Market Cap: S$101.3M
For detailed information about U77 stock, go to TipRanks’ Stock Analysis page.