Sarin Technologies of Israel, which develops, manufacturers, and markets planning and measuring technology for the diamond industry, has announced record results for the quarter ending June 30, 2011.



The company posted revenue of $15.6 million and net profit of $5 million – increases of 9% and 8%, respectively, year-on-year. Compared to Q1 2011, revenue was up 27% and net profit soared 51%, much of which was attributable to deliveries of Sarin's Galaxy and Quazer systems.

Galaxy deployment and usage have continued to grow quarter over quarter, with 10 Galaxy systems delivered, several of which were repeat orders from existing customers. Galaxy accounted for some 25% of Sarin's revenue in the quarter.



Market demand has also prompted Sarin to open service centers in Mumbai and Botswana in the third quarter.

Key products under development include the Sarin D-LightTM, Light Performance Technology (LPT) product, and the Galaxy system for polished diamonds.



Sarin CEO Uzi Levami said called the D-Light a "major development for Sarin" and said the company was focused on rolling it out in Q3.