Union Budget 2016: A big disappointment for the gems and jewellery industry

The FM completely ignores gold sector, levies excise duty on jewellery

Post By : IJ News Service On 29 February 2016 5:34 PM
Singapore Exchange Mainboard-listed Sarin Technologies Ltd (“Sarin”) (U77:SI), a worldwide leader in the development, manufacturing, marketing and sale of precision technology products and services for the evaluation, planning, processing, measurement and grading of rough and polished diamonds and gems, is pleased to announce that in the quarter just ended Hari Krishna Exports Pvt. Ltd. Ltd ("Hari Krishna Exports") placed orders for four additional systems, which will, upon completion of their delivery this month, bring to twelve the number of GalaxyTM and SolarisTM systems (of various models) they have in use, thus becoming our second customer to have over ten systems installed in-house. %% Mr. Savjibhai Dholakia, Chairman of Hari Krishna Exports, a leading manufacturer in the global diamond industry and a highly reputable DTC sightholder, said, "Our experience has clearly shown that the GalaxyTM and SolarisTM automated inclusion mapping systems, when paired with Sarin's newest planning offering, the AdvisorTM 5.0, provide the best rough diamond planning results. Thus, we all but guarantee optimal rough diamond utilisation, the best possible quality results and the highest yield and net value of our polished diamonds, all while minimising the time involved in the planning process and precluding human errors. We believe that our continued investment in these systems will further enhance our franchise and bolster our position as one of the industry’s leading polished diamond manufacturers." %% Uzi Levami, Chief Executive Officer of Sarin, stated, "The unmatched technology, the accuracies, automation and ease of use provided by Sarin's products from the GalaxyTM / SolarisTM family of inclusion scanning and mapping systems and the AdvisorTM planning software offer diamond manufacturers an exclusive and comprehensive solution to maximise the value of their output. With the now released GalaxyTM Ultra, providing microscope-level automated and comprehensive inclusion mapping, Sarin has added a completely new tool to the rough diamond scanning and planning suite. We are honoured to have Hari Krishna Exports expressing such a resounding vote of confidence in our unique solutions, as manifested yet again by their latest orders."

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