{"id":18167,"date":"2022-11-14T13:43:51","date_gmt":"2022-11-14T08:13:51","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=18167"},"modified":"2022-11-14T13:43:55","modified_gmt":"2022-11-14T08:13:55","slug":"sarines-q3-sales-soar-20-despite-headwinds","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/sarines-q3-sales-soar-20-despite-headwinds\/","title":{"rendered":"Sarine\u2019s Q3 Sales Soar 20% Despite Headwinds"},"content":{"rendered":"\n<p>Sarine Technologies reported improved sales and profitability in the third quarter that ended 30<sup>th<\/sup> September in spite of an unfavourable business environment. The Israel-based company said its Q3 2022 revenues increased 20% to $14.5 million and net profit grew 12% to $2.2 million versus Q3 2021 despite headwinds.<\/p>\n\n\n\n<p>\u201cContinuing negative geopolitical developments, the war in Ukraine, an inflationary economic environment with dramatically increased energy bills, the ongoing zero-Covid policy and lockdowns in China and the resulting equity market losses impinging on household wealth in many key markets, had an overall negative effect on consumer confidence and, by extension impaired business conditions in the discretionary diamond jewellery value chain,\u201d Sarine commented.<\/p>\n\n\n\n<p>\u201cMidstream polishing activities decreased somewhat as uncertainties slightly reduced the quantities of rough diamonds entering the pipeline, and the summer vacations in the US and European markets slowed demand,\u201d it noted.<\/p>\n\n\n\n<p>\u201cThe latest data from the key US market indicate the economy and consumer demand remain robust and inflation has cooled somewhat, allowing retailers to remain cautiously optimistic on prospects for the year-end holiday season,\u201d Sarine said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sarine Technologies reported improved sales and profitability in the third quarter that ended 30th September in spite of an unfavourable business environment. The Israel-based company said its Q3 2022 revenues increased 20% to $14.5 million and net profit grew 12% to $2.2 million versus Q3 2021 despite headwinds. \u201cContinuing negative geopolitical developments, the war in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":18168,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-18167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sarine\u2019s Q3 Sales Soar 20% Despite Headwinds - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/sarines-q3-sales-soar-20-despite-headwinds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sarine\u2019s Q3 Sales Soar 20% Despite Headwinds - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Sarine Technologies reported improved sales and profitability in the third quarter that ended 30th September in spite of an unfavourable business environment. The Israel-based company said its Q3 2022 revenues increased 20% to $14.5 million and net profit grew 12% to $2.2 million versus Q3 2021 despite headwinds. \u201cContinuing negative geopolitical developments, the war in&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/sarines-q3-sales-soar-20-despite-headwinds\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-14T08:13:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-14T08:13:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/11\/02banner-10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/sarines-q3-sales-soar-20-despite-headwinds\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/11\/02banner-10.jpg\",\"width\":1000,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/sarines-q3-sales-soar-20-despite-headwinds\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/sarines-q3-sales-soar-20-despite-headwinds\/\",\"name\":\"Sarine\\u2019s Q3 Sales Soar 20% Despite Headwinds - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/sarines-q3-sales-soar-20-despite-headwinds\/#primaryimage\"},\"datePublished\":\"2022-11-14T08:13:51+00:00\",\"dateModified\":\"2022-11-14T08:13:55+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/sarines-q3-sales-soar-20-despite-headwinds\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/18167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=18167"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/18167\/revisions"}],"predecessor-version":[{"id":18169,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/18167\/revisions\/18169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/18168"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=18167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=18167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=18167"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=18167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}