(PRESS RELEASE) HOD HASHRON, ISRAELL – Singapore and Tel Aviv Exchange Motherboard
Listed on the stock exchange Sarine Technologies Ltd (“Sarine” and with its subsidiaries “the Group”) (U77: SI; SARN.TA) a world leader in the development, manufacture and sale of precision technology products for evaluation , the planning, processing, finishing, grading and trading of diamonds and precious stones, announces that its Galaxy family of inclusion mapping and scanning systems has surpassed the 30 million stones mark worldwide in one year.
Since its release to the market in late 2009, Sarine’s internal inclusion mapping technology, as embodied in the Galaxy family of systems, has clearly revolutionized planning and production processes by maximizing diamond yield. polished, while speeding up the manufacturing cycle and reducing human error. Six years have passed since the introduction of Galaxy technology before reaching the milestone of cumulatively digitizing 10 million calculations worldwide and, just two years later, 2017 was the first year in the of which 10 million calculations were digitized in a single year. This year’s milestone of scanning 30 million calculations in a single year is not only significant in itself, but doubly significant as an indication of accelerating adoption of the paradigm, given that in 2019 and 2020 , only 18 and 19 million stones were scanned, respectively.
The 30 millionth digitized stone was a 35.50-carat rough diamond scanned in Dubai by the Choron Group, which recently joined the rapidly growing group of rough producers and auction houses that use Galaxy technology as part of the process. their digital sales and awareness strategy. To date, the world’s largest diamond scanned on a Galaxy system was a 286-carat rough stone, with the smallest weighing just 0.013 carats (1.3 points!). Kiran Gems leads all other manufacturers with the most rough diamonds scanned (cumulatively) at their facilities, having processed over 20 million diamonds since they first adopted Galaxy technology.
David Block, CEO of Sarine, said: “Our people around the world are delighted to have taken this important step. Galaxy technology has become the global standard for the digitization of rough diamonds in all sizes, qualities and market segments, undoubtedly propelling the industry, as well as our leading advisor planning solution, to a level of value. higher. We are confident that our new technologies – the high speed coarse scanner designed for use at the mine source to improve traceability and internal inventory control, our unique traceability solution – the Sarine Diamond Journey and our AI-based electronic assessment currently in beta testing will also propel the diamond industry to new levels of efficiency and consumer confidence.