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An update from Sarine Tech ( (SG:U77) ) is now available.
Sarine Technologies reported a challenging first quarter of 2025, with the natural diamond market facing significant difficulties due to a lack of recovery in the Chinese retail market and the growing market share of lab-grown diamonds in the US. The introduction of US import tariffs has added uncertainty to the supply chain, impacting both natural and lab-grown diamond imports. Despite these challenges, Sarine generated $7.7 million in revenue with a negligible loss, while maintaining strong cash flow from operations. The company is focusing on strategic initiatives and cost control, including shifting manufacturing to India and expanding its MVP offering, which has seen a 40% increase in planned diamonds.
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: 195,514
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$71.6M
See more insights into U77 stock on TipRanks’ Stock Analysis page.
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