SilverRay is part of the Munic Gems Group
Munic Gems: well-established rough diamond player with expanding manufacturing & jewellery initiatives
Founded in 1988, Munic Gems became Belgium’s largest exporter in 2004 by volume, having exported 12M cts.
Headquartered in Antwerp with offices in Dubai, India & Africa
Deep understanding and specialist in near-gem rough:
Adding value and competitive advantage with rough expertise, infrastructure and distribution networks
Manufacturing ~70% of rough in-house/JV/contractors, trading the balance with Indian manufacturers
The Group has continued to enhance its business over the past couple of years
Continued transition from rough trading to near-gem manufacturer
New manufacturing facility
Continuing to specialize in lower-end materials including rejections, small browns and small MBCL.
Some 10.8ct+ (larger stone) capabilities upon customer demand
Securing new facilities, but at the same time reduced old bank debt; greater reliance on equity funding.
Each manufacturing facility specialises in particular areas of rough
Near‐gem is complicated to manufacture. Experience and specialisation provides a competitive advantage
Skilled, cost effective labour is also key to commercial feasibility
Each factory specialises in rough of particular size and quality characteristics
Enhanced manufacturing efficiency; workers develop skills in designing and polishing the rough
Some rough is manufactured into specialist products, including rose cuts, generating profitability
Combination of in‐house, joint venture and contract manufacturing. Demand for smaller, cheaper polished is more seasonal than larger sizes, flexible capacity is an important part of our competitive advantage
Unit No: 2161, DMCC Business Centre
Level No 1, Jewellery & Gemplex 3
Dubai, United Arab Emirates
