Sarine Technologies Ltd, a worldwide leader in the development, manufacture, and sale of precision technology products for the evaluation, planning, processing, grading, and trading of diamonds and gems has joined with HB Antwerp as a technology partner, according to a press release from Sarine.
HB is a company based in Antwerp focused on technology-driven sourcing, analysing, cutting, and polishing of diamonds. HB is applying an innovative methodology designed to simplify the complexities and challenges of the global diamond supply chain and enhance transparency.
HB Antwerp authenticates each stage of its value chain, made in Antwerp, using its own unique blockchain and traceability proprietary technologies combined with Sarine’s traceability solution. This allows HB to offers luxury brands and private consumers a customised product.
Under this new partnership with HB Antwerp, Sarine will also be providing its industry-leading Galaxy® scanning, planning, and AI-grading technologies, which will be fully integrated with HB’s proprietary technologies throughout the process, from rough sourcing to the final polished result. The partnership aims to demonstrate that transparency and open collaboration can benefit all the stakeholders throughout the value chain.
In addition, the two companies have also agreed to explore the co-development of new technologies based on their R&D centers in Israel and Belgium. HB Antwerp will remunerate Sarine based on a percentage of the value of the produced polished diamonds.
Rafael Papismedov, HB Antwerp's Strategy Director, commented, "HB Antwerp and Sarine have a solid foundation for cooperation, given Sarine's advanced technology and solutions, which synergize with HB Antwerp's unique capabilities and vision for streamlining the value-chain and providing the end consumers with the quality products they desire, along with the transparency and confidence they now demand. We welcome Sarine into our ecosystem and are looking forward to leverage on our combined capabilities".
David Block, Sarine Group CEO, remarked, "HB Antwerp's ecosystem is a significant step towards the much-needed optimisation of the diamond industry value chain. This new paradigm combining producers, manufacturers, and retailers underpinned by the latest technologies has the potential to revolutionise our industry. We are proud to be a partner in this new paradigm and are very excited about the potential of this new and innovative ecosystem."
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished
Exclusive
Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year
The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...
04 november 2024
Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future
Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...
28 october 2024
Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki
The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...
14 october 2024
James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration
London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...
07 october 2024
Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products
Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...
30 september 2024
