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Sarine technologies leveraging AI for LGD Grading  Recently Sarine Technologies Ltd presented their Review of FY2023 and said, “FY2023 A Challenging Year!” Further Sarine said, in any new equilibrium for the diamond industry, LGD are expected to account for a meaningful portion of the diamond jewellery market.  To adequately address this segment, we have adopted Gem Certification & Assurance Lab (GCAL)’s work procedures, and our LGD-focused GCAL by Sarine grading lab in India commenced operations in January this year.  Adaptation of our AI-derived grading technologies to LGD will enable further expansion of this service. We aim to attain an 8-10% share of the estimated US$ 100 million LGD grading segment in FY2024.  This month, we launched the utilisation of our industry-leading rough planning technologies on LGD on a pay-per-carat service basis. Initial responses have been positive with recurring revenue already being generated.  Additional LGD manufacturer...

Aura Blockchain Consortium partner Sarine   Sarine Technologies Ltd announce that the Aura Blockchain Consortium, founded by LVMH, Prada Group, Cartier, part of Richemont, and OTB Group, has chosen to partner with Sarine in relation to Sarine’s Diamond Journey traceability solution and data for the Aura Blockchain Consortium platform.   Through this one-of-a-kind partnership for diamond traceability, the multi-stakeholder Consortium is laying out the very first foundations for best-in-class product traceability standards from raw material to finished product applied in the luxury sector.   Sarine has been selected by the Aura Blockchain Consortium to provide full diamond traceability across the entire supply chain, from extraction to polishing and setting. Sarine’s traceability solution is based on data independently and automatically generated by its IOT enabled systems being used throughout the pipeline by many of the industry's leading producers and midstream pol...

Sarine revenue 52% to US$62.1 million   Update 1: Sarine Technologies Ltd announce its full year FY2021 results for the 12 months ended 31 December 2021. Its review of FY202 refers, the lockdowns following the onset of Covid-19 in H1 2020 disrupted diamond manufacturing activities in India and retailing activities throughout the world. With the gradual resumption of retailing activities in H2 2020, the diamond industry rebounded in late 2020 and this positive momentum carried over into 2021.   The pent up demand, continuing restrictions on international travel and fiscal stimulus by many governments contributed to strong consumer demand for diamond jewellery in 2021. With overall positive business conditions for most of FY2021 and the strong resurgence of diamond manufacturing activities, Group revenue rose 52% to US$62.1 million, benefiting from increased capital equipment sales and higher recurring revenues, primarily from Galaxy inclusion scanning revenues, which rose 4...

Sarine Celebrates Galaxy Systems milestone attained!   Recently Sarine Technologies announced that its Galaxy family of scanning and inclusion mapping systems surpassed the milestone of having scanned 30 million stones worldwide in one year.   Since its release into the market in late 2009, the Sarine’s internal inclusion mapping technology, as embodied in the Galaxy family of systems, has clearly revolutionised planning and production processes by maximising polished diamond yield, while expediting the manufacturing cycle and reducing human error.   Six years passed from the introduction of the Galaxy technology before reaching the milestone of having cumulatively scanned 10 million stones worldwide and, just two years later, 2017 was the first year in which 10 million stones were scanned in a single year.  This year's milestone of scanning 30 million stones in a single year is not only significant in itself, but doubly so as an indication of the accelerating...

Focused  upon a current scenario!   Recently Sarine Technologies made their Corporate Presentation for Needham Conference available. The presentation has focussed on many facets of Sarine including their Technologies Span, Revolutionary tech of Diamond Polishing & its’ Phases and also focussed upon their technology of Galaxy, e-Grading, Traceability with Diamond Journey with other current scenario.   Under the Going Forward, Sarine said, continued market domination of inclusion scanning and mapping, rough planning and related manufacturing products and services. 2021 will see launch of Advisor 8.0 with enhanced features, widening technological gap with piracy.   The Group remains confident in expanding its market penetration of the Galaxy family of inclusion mapping systems to smaller and smaller stones, as evidenced by record setting 50 deliveries in Q1 of 2020, prior to pandemic, along with Q4 record setting usage. Digital tenders, due to Covid-19 obstacles...

Scheduled on Thursday, January 14, 2021   Sarine Technologies Ltd announces that David Block, the Group’s Chief Executive Officer, will present virtually at the 23rd Annual Needham Growth Conference on Thursday, January 14, 2021 at 8:30 am EST. Mr. Block will be available for one-on-one investor meetings during the conference. The 23rd Annual Needham Growth Conference (NGC) will provide institutional, private equity and venture capital investors with access to growth companies from a broad range of industries including communications & enterprise infrastructure; healthcare; industrial technology; Internet, entertainment & consumer; semiconductors & semiconductor equipment; and software & services.   Established in 1988, Sarine Technologies Ltd is a worldwide leader in the development and manufacturing of advanced modeling, analysis, evaluation, planning, processing, finishing, grading and trading systems for diamonds.   Sarine products include the Galaxy...

3D Jewellery Imaging, With no capital investment! Sarine Technologies Ltd is now offering a new simple, automated and extremely cost-effective imaging and visualisation service with interactive personalisation functionality to jewellery suppliers and retailers. Verto, an Israeli start-up, has developed an innovative imaging solution that generates high quality interactive video displays, derived automatically from but a handful of images captured by any common smartphone. Verto’s solution enables jewellery manufacturers, wholesalers and retailers to provide their customers with exceptionally high-quality video visualisation of the jewellery pieces, along with interactive capabilities to view the piece from multiple perspectives and personalise the setting as well as the types, sizes, and colours of stones, etc, with no need for capital investment in high-end devices, expensive professional photographers or exhaustive manual finishing. The combination of the imagery...

Accurate Model of Original Rough Diamond! Sarine Technologies announces the launch of yet another innovative sales tool for retailers - the 3D-Origin, a 3D-printed accurate model of the rough diamond from which the Sarine Journey-verified polished diamond was derived. The 3D-Origin model is generated as an optional add-on to the Sarine Diamond Journey rough-to-polish diamond report. It uses Sarine’s proprietary Diamond Journey cloud-based data exclusively captured during the manufacturing process. It then transforms these data into a 3D-printed physical replica of the original rough stone, from which the polished diamond was manufactured. The 3D-Origin model is identical in its geometrical dimensions and features to the actual rough diamond, scaled for consumer convenience. Every rough diamond is one of a kind. The 3D-Origin provides a uniquely tangible rendition of the polished gem's source, providing in its physical form testimony to the complex transform...

Introduces the Only Grading System to Use Fully Automated AI Technologies Sarine Technologies is inaugurating its newly branded, advanced and fully automated diamond grading lab, the only such facility based on artificial intelligence (AI), during the International Diamond Week in Israel (IDWI) on January 28 – 30, 2019. The launch follows an initial pilot of the lab facility that opened in February 2018. Sarine, an Israel-based, publicly traded company, is the industry leader in pioneering new technologies for the entire diamond pipeline. The Sarine lab is offering automated diamond grading reports, based on machine learning and monitored by expert gemologists, which supplies objective, consistent grading results. The Sarine Profile reports are provided in a customizable printed or digital format. The lab also offers science-based Light Performance grading, measuring brilliance, sparkle, fire and light symmetry, which they say objectively assesses the beauty of t...