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Alrosa Launches Digital Tenders with Sarine Tech

Buyers can scan rough diamonds to evaluate polished output and reduce risk.
Nov 11, 2019 5:45 AM   By Rapaport News
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RAPAPORT... Alrosa has implemented a digital-tender pilot enabling buyers to scan rough diamonds to evaluate their polished output using systems from Sarine Technologies.

The program, which the Russian miner debuted at its October sale, uses Sarine’s Galaxy inclusion mapping and DiaExpert planning to study a rough stone’s external shape, internal inclusions and anticipated color and fluorescence.

“Digital tenders for rough diamonds allow us to improve our customers’ experience by reducing the risk associated with their purchasing decisions,” Alrosa deputy CEO Evgeny Agureev explained last week. “This ensures their long-term sustainable profitability, [and] streamlines manufacturing processes after procurement of the stones. Alrosa concurrently benefits from the ability to show products to a large variety of clients within a short timeframe.”

Prior to the October sale, clients would travel to an Alrosa office, where a limited number of experts would examine the rough stones on offer. Using the digital platform, buyers can collaborate with their entire team, as well as the polishing factory, in order to make the best decisions as to which stones they should purchase, Alrosa said.

“The diamond industry is evolving, and rough-diamond buyers are seeking ever more information in order to ensure decisions that are the most effective,” noted Sarine CEO David Block. “Market conditions and margins are such that few can afford to err in the purchase of rough diamonds for their respective businesses.”

Image: A rough diamond being analyzed in the DiaExpert machine. (Sarine Technologies)
Tags: Alrosa, David Block, DiaExpert, Evgeny Agureev, Galaxy, Rapaport News, Sarine, Sarine Technologies
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