RJ Market Watch
Sarine Introduces ‘Sarine Diamond JourneyTM Official Partners’ Program with Select Diamond Midstream Suppliers
Hod Hasharon (Israel), June 10, 2019 – Singapore Exchange-listed Sarine Technologies Ltd (U77:SI) is pleased to announce the launch of ‘Sarine Diamond JourneyTM Official Partners’ Program.
Following the Sarine Diamond JourneyTM provenance tracking program’s launch earlier this year, significant interest has been expressed by retailers interested in sourcing Sarine Diamond Journey documented goods. One of the major advantages of sourcing Journey documented diamonds is that retailers can then source these from a broad selection of suppliers and not be dependent on only a certain supplier with its own individual traceability program. In addition the Sarine Diamond Journey is based on actual verifiable imagery and information rather than declarative statements. Sarine is therefore pleased to announce the launch of the Sarine Diamond Journey Official Partners program which initially comprises of select diamond manufacturers that will be able to supply goods meeting the retailers’ criteria.
Suppliers participating in the program have implemented the required manufacturing processes in order to generate a continuous supply of Sarine Diamond Journey diamonds to the market.
Each diamond that will have underwent the process can subsequently be supplied with a Sarine Diamond Journey provenance report that is accessible 24/7 from Sarine’s secure cloud. The Diamond Journey report includes a digital, interactive and visual documentary of the diamond’s journey from its rough form to finished polished diamond or even to the set jewelry piece. It enables consumers to appreciate the unique story of each diamond, while being confident in the authenticity of the information generated by Sarine’s technological solution. In addition a 3D-printed model of the rough diamond, from which the polished diamond was derived, can optionally be supplied, adding another engaging layer to the experience.
The currently approved partners are – Andre Messika Diamonds, Ashwin Diamonds,Dinesh, Diarough, Finestar, H&A Cutting Works, Hope International, KGK, Moti Gantz Botswana, Rosy Blue, Schachter and Namdar Namibia (pty) Ltd., Shairu Gems, Star Rays, Venus Jewels, and with additional suppliers to be added in the future, after meeting stringent program criteria.
Mr. David Block, CEO of Sarine Technologies, said: “With the launch of the Sarine Diamond Journey Official Partners program we expect to have tens of thousands of Journey-documented diamonds by year-end. With over 70 million diamonds being processed by
Sarine’s installed base of planning systems annually, we expect the program to grow significantly in the long term. The creation of a significant supply chain of Sarine Diamond Journey ready diamonds will enable retailers to utilize the our reports as an integral part of the in-store or online sales experience.”
Courtesy: Retail Jeweller India News Service
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