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Antwerp, Dubai Upbeat on Rough-Tender Market
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The largest rough-trading centers face a busy January as adaptations have enabled them to continue holding sales events during the pandemic. Antwerp and Dubai will host 14 rough tenders between them this month, after...
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Rough Markets
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Jan 12, 2021
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Rapaport News
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Sarine to Track Alrosa Rough from Mine to Market
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Sarine Technologies will trace Alrosa’s rough diamonds from the mine through each point of their journey using technology already in play in the manufacturing sector.“[The system] enables tracking diamonds originating from Alrosa, however...
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Technology
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Aug 26, 2020
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Rapaport News
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Pandemic Is Pushing Industry to Embrace Tech
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The coronavirus pandemic has accelerated the use of technology in the diamond supply chain, diminishing the fear that many in the industry had toward embracing innovation, according to David Block, CEO of Sarine Technologies.“The fear...
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Technology
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Jul 20, 2020
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Rapaport News
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Alrosa Launches Digital Tenders with Sarine Tech
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Alrosa has implemented a digital-tender pilot enabling buyers to scan rough diamonds to evaluate their polished output using systems from SarineTechnologies. The program, which the Russian miner debuted at its October sale, uses Sarine’s...
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Rough Markets
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Nov 11, 2019
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Rapaport News
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Sarine, NGTC Partner on Grading Standards
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Sarine Technologies is collaborating with China’sNational Gemstone Testing Center (NGTC) to advance diamond-gradingstandards in China. Sarine CEO DavidBlock and NGTC president ZhiBin Ye signed the agreement in Beijing Monday, with the intention of combining NGTC’s extensive...
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Polished Markets
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Sep 19, 2019
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Rapaport News
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Cutters Join Sarine’s Diamond Journey
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Sarine Technologies has partnered with 14 diamond manufacturers on its Diamond Journey provenance program, enabling retailers to tap a growing resource of polished stones certified through the initiative. “We expect to have tens of thousands of documented diamonds...
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Technology
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Jun 11, 2019
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Rapaport News
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Is 3-D the Industry’s Next Big Thing?
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In an era when consumers are more tech-savvy than ever, andonline jewelers are taking business from brick-and-mortar, tools thatenhance the customer experience can help retailers draw customers totheir stores. Many industries have...
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Technology
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May 26, 2019
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Rapaport News
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India Credit Slowdown Squeezes Sarine Profit
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Sarine Technologies posted a loss in the first quarter ascredit problems in the Indian manufacturing sector led to softened demand forits equipment. The diamond-technology company reported a net loss of $1.4million, versus a profit of $3.1 million for...
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Polished Markets
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May 20, 2019
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Rapaport News
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Sarine Tracking Platform Launches in Japan
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New Art Cima will become the first Japanese retailer to usethe Sarine Diamond Journey software to sell jewelry to its customers. The platform presents a report of all the steps a diamondtakes from its rough origin...
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Technology
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Apr 16, 2019
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Rapaport News
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Sarine Opens Japan Service Center
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Sarine Technologies has opened its first service center in Japan, offering Sarine Profile reports to the local diamond trade. The reports available from the Tokyo service center — which a local Sarine partner will...
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Retail
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Aug 29, 2018
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Rapaport News
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Sarine Opens Tech Lab in Mumbai
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Sarine Technologies has opened its second laboratory, offeringa full range of grading and documentation services. The new Mumbai facility follows the opening of the company’s first labin Ramat Gan, Israel, earlier this...
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Technology
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May 31, 2018
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Rapaport News
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Sarine Secures First Retailer for 4Cs Grading
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Japanese jewelry retailer K-Uno will be the first to adopt SarineTechnologies’ 4Cs diamond-grading reports.K-Uno will implement the artificial-intelligence-based platform at all its stores across Japan. The record will add additional features, including 4Cs...
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Polished Markets
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May 01, 2018
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Rapaport News
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Sarine Deal to Boost CanadaMark Tracking
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Dominion Diamond Mines will integrate the Sarine DiamondJourney into its CanadaMark website, enabling consumers to track thedevelopment of their diamonds from mine to retail, Sarine Technologies saidrecently.The system was launched on the miner’s website...
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Mining
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Mar 11, 2018
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Rapaport News
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Sarine Sues Rose Gems for Alleged Fraud
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Sarine Technologies has filed a lawsuit against Indianmanufacturer Rose Gems, alleging breach of contract and fraud, thediamond-technology company said Sunday. The suit, which also alleges copyright infringement, relatesto activities Sarine initially reported...
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Financial-Legal
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Feb 19, 2018
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Leah Meirovich
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Sarine Rolls Out First Grading Lab
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Sarine Technologies will open its first technology lab inIsrael in February, offering advanced, automated gem services, the company said Sunday.The lab will supplyservices using Sarine’s automated technology for clarity and colorgrading...
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Technology
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Jan 15, 2018
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Rapaport News
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Sarine Unit to Sue over Alleged Fraud
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Sarine Technologies subsidiary Galatea will be taking legalaction against a manufacturer in Surat, India, claiming fraudulent use ofSarine’s Galaxy inclusion-mapping technology and software, the companyannounced Thursday. Galatea noted a long-term discrepancy between the weights...
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Technology
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Jan 07, 2018
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Rapaport News
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2017’s Diamond Merry-Go-Round
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The past year has seen a number of changes in management-levelemployees within the diamond industry. Here’s a breakdown of the new faces anddepartures for 2017: Alrosa CEO Andrey Zharkov stepped down to besucceeded by former Sberbank senior...
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Polished Markets
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Dec 26, 2017
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Rapaport News
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Polished Stocks Too Heavy for Sarine
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Sarine Technologies' sales slid in the third quarter as abuildup of polished inventories resulted in manufacturers investing less in their operations. Revenue fell 35% to $11.3 million in the three months endingSeptember 30, reported the Israel-based company,...
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Technology
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Nov 14, 2017
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Rapaport News
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Enhancing Jewelers’ Brands Through Grading
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There’s a perception about Sarine Technologies that its newCEO, David Block, is determined to change. “People used to refer to us as a technology firm thatsupplies machines used in diamond manufacturing,” he explained in an interviewwith Rapaport Magazine. “But we have evolved, and...
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Technology
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Nov 06, 2017
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Avi Krawitz
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Sarine to Bar Patent-Violators’ US Shipments
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Sarine Technologies is attempting to block US imports of polisheddiamonds that it alleges were produced in violation of the company’sintellectual property.Sarine has notified US trade organizations and major importers,dealers and retailers that it intends to “file actions” to prevent shipments ofsuch...
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Financial-Legal
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Sep 05, 2017
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Rapaport News
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