07 Dec 2022
DiamondWorld Directory
-
Home |
News
Home
Sarine H1 2022 Revenue Drops Amid Challenging Conditions
Sarine's revenue for the first half of 2022 dropped 13% to $31.2 million
By: Diamond World News Service
|
Aug 22 2022 7:56PM
|
Reference: 26489  

DecreaseIncrease

Israel-based diamond tech company Sarine Technologies has announced that its revenue for the first half of 2022 dropped 13% year-on-year to $31.2 million, mostly because of “the ongoing war in Ukraine and resulting sanctions on Russia,” according to IDEX Online.

While sales of capital equipment fell by about 30% due to “ geopolitical uncertainties,” recurrent revenue from both rough and polished diamonds expanded and comprised over half of overall earnings.

According to the company, “geopolitical developments, primarily the war in Ukraine and an increasingly inflationary economic environment, along with ongoing outbreaks of Covid-19 in China and the corresponding lockdowns imposed on some major cities, had an overall negative effect on business conditions, primarily in the second half of H1 2022. Notwithstanding the challenging business environment, the group realized robust results.”

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32037
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 9541
GJEPC Chairman Interview
Views: 28141
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39382
Promo for IJ Awards 2012 at NDTV Profit
Views: 57074
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68567
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21889
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50935
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53131
Advertisement
DW News App
Member of:
Supporter of: