Sarine Technology Ltd hits losses for FY2025; plans diversifications

Sarine Technology Ltd reported a $3.9m loss for FY2025, as lab-grown sales soared in the US and weak sentiment persisted in China. The Israel-based diamond grading tech company saw full-year revenue dip by 25% to $29.6m.

Sarine recently acquired a 33% share in Kitov.ai, a company pioneering AI-powered computer-aided design (CAD), as it aims to expand to non-diamond sectors.

As part of its diversification, the company is reportedly exploring opportunities related to industrial applications of lab-grown diamonds, and possible partnerships with banks or lenders to help them offer loans to diamond, gemstone, and jewelry businesses.