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Type | Public |
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SGX: U77.SI | |
Industry |
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Area served | Worldwide |
Key people | Daniel Benjamin Glinert (Chairman & Executive Director), David Sydney Block (CEO) |
Revenue | US$58.64 million (2018) |
US$5.76 million (2018) | |
Total assets | US$80.36 million (2018) |
Number of employees | 542 |
Subsidiaries | Sarin Technologies India Pvt Ltd, Galatea Ltd Israel, Sarine north America Inc., Sarin Hong Kong Ltd. |
Website | sarine |
Sarine Technologies Ltd is a publicly traded company that develops, produces and sells technologies for the diamond industry, including devices for the planning, analysis and grading of rough and polished diamonds. [1] Company headquarters are located in Hod Hasharon, Israel. The company operates subsidiaries in Dalton, Israel, India, New York [2] and Hong Kong. In 2017, Sarin India, the Indian subsidiary, opened “Sarin House” in Surat, consolidating the company's Surat-based activities in one facility. [3]
The company is publicly traded on the Singapore Exchange (SGX) [4] and was the first Israeli company to be listed there. [5] In 2018, Sarine opened the Sarine Technology Lab at the Israel Diamond Exchange, [6] and later that year opened a lab in Mumbai, India. [7] The Sarine labs are the first diamond laboratories in the world to use diamond grading technologies based on artificial intelligence. [8]
Sarin Technologies was established in 1988. [9] On January 21, 2014, the name was officially changed to Sarine Technologies. [10]
The company's first product was the Robogem, an automated device for gemstone processing, as part of an initiative promoted by the Israel Emerald Cutters Association. [11]
In the early 1990s, the company released DiaMension®, [9] one of the world's first diamond cut grading software that could accurately measure a rough diamond's measurements within seconds. This transformed the way the industry approached the process of diamond cutting and fueled consumer demand for a wider range of cuts. [12] In the mid-1990s, the company released the DiaExpert® hardware and Advisor® software for automated rough diamond planning via 3D diamond scanning. [13]
In 2005, the company released the first green laser diamond sawing machine, called Quazer®, based on proprietary technology purchased from CNC Laser, a Belgian company. [14] New versions of the Quazer® were released in 2010 and 2014. [15]
In 2012, Chow Tai Fook Jewellery Group, part of the Chow Tai Fook conglomerate in Hong Kong, implemented Sarin's Solaris® 100 and DiaExpert® Eye systems for inclusion mapping and rough planning at their diamond manufacturing facilities in China and South Africa. [16]
In 2014, Sarine launched Sarine Loupe™, a diamond imaging device that enables 360-degree viewing of diamonds. [17] In the same year, RapNet® announced that it was incorporating Sarine Loupe imagery on its diamond trading platform. [18] In November, a Sarine Loupe™ service center was opened in the Diamond District of New York. [19]
In 2014, Sarine signed a cooperation agreement with Tiffany & Co. to develop an automated system for the grading of symmetry of polished diamonds based on grading standards set by Tiffany. [20]
The Gemological Institute of America (GIA) adopted Sarine Instructor® as its standard software for diamond grading and analysis in 2015, updating from the DiaVision software by Sarine that it had been using in its labs since 2010. [21]
In 2016, the company acquired Diamining, a developer of point-of-sale apps for the diamond and jewelry industry, for $1.2 million. [22] The Diamining technology was used as the basis for the development of Sarine Connect™, a diamond inventory search and display app for traders and retailers. [23]
In February 2017, Sarine and GTTL Laboratories of Switzerland signed a collaboration agreement to research new approaches to diamond grading and authentication, as well as other industry challenges. [24]
In 2017, three Indian nationals were arrested on suspicion of attempting to execute a $1 million bribe in exchange for the intellectual property of Sarine's diamond planning software. [25] That same year, the company filed a lawsuit in India against a diamond manufacturer in Surat. Citing fraud and breach of contract, Sarine accused the manufacturer of allegedly hacking and manipulating the Sarine Galaxy® technology, and under-reporting the weight of diamonds scanned in the system. [26]
In August 2018, Sarine entered into an agreement with Lucara Diamond Corp to provide Advisor® rough planning and Galaxy® inclusion mapping technologies for the Clara rough diamond trading platform, developed by Lucara. [27]
In 2008, Sarin Technologies purchased Galatea Ltd, an Israeli company that developed scanning and mapping technology for the detection of inclusions in rough diamonds, at a cost of $10.77 million. [28] Following the development of the prototype to commercial application, Sarine released the Galaxy® in 2009, the world's first fully automated inclusion mapping device for rough diamonds. [29] In early 2018, the company announced that Galaxy® systems scanned over 10 million rough stones worldwide during 2017, out of a total 30 million stones scanned by the technology since it first launched in 2009. [30] In 2018, the first Galaxy® service center in China was opened, in the Sha Wan Jewellery Park in Guangzhou. [31]
In 2011, the company launched the Sarine Light™ light performance grading device. The technology that forms the basis of the Sarine Light™ was purchased by Sarine Technologies in 2010. [32] The first version of the Sarine Light™ was known as Sarin D-Light. [33] The first Sarine Light™ system was sold to diamond manufacturer EXELCO in 2013. [34]
In early 2015, Sarine announced the launch of the Sarine Profile™ platform [35] that provides a digital visual story of the diamond, with the aim of increasing efficiency in the diamond trade and retail sector. [36] In 2017, the Sarine Profile™ platform was expanded to include 4Cs grading based on new color and clarity technologies developed by the company. [37] In August 2018, the first Sarine Profile™ service center was opened in Japan. [38]
In 2016, Sarine announced that it was developing new devices for automated grading of diamond color and clarity. [39] Known as Sarine Clarity™ and Sarine Color™, the devices are based on machine learning, and are regarded as creating the first standardized and automated approach to diamond grading and gem labs. [40] [41]
In February 2018, Sarine announced the launch of the Diamond Journey™, a digital platform that displays information about a polished diamond throughout the manufacturing process from rough status to polished state. The Canadian mining company Dominion Diamond Mines was the first company to adopt the Diamond Journey for its CanadaMark diamond brand. [42]
Many diamond manufacturers use Sarine Advisor software for mapping, planning and scanning of rough/polish diamond. [43] The software take input from different diamond scanning machines of Sarine. Final output integrates internal inclusion scanning information and geometrical 3D analyses. Current Sarine Advisor software's major release version is 7.0 which was released on 21 June 2017. [44]
Sarine Loupe allows a user to view the actual details of a diamond as if holding the diamond in hand and viewing through an eye loupe. [45]
A barcode or bar code is a method of representing data in a visual, machine-readable form. Initially, barcodes represented data by varying the widths, spacings and sizes of parallel lines. These barcodes, now commonly referred to as linear or one-dimensional (1D), can be scanned by special optical scanners, called barcode readers, of which there are several types. Later, two-dimensional (2D) variants were developed, using rectangles, dots, hexagons and other patterns, called matrix codes or 2D barcodes, although they do not use bars as such. 2D barcodes can be read using purpose-built 2D optical scanners, which exist in a few different forms. 2D barcodes can also be read by a digital camera connected to a microcomputer running software that takes a photographic image of the barcode and analyzes the image to deconstruct and decode the 2D barcode. A mobile device with an inbuilt camera, such as smartphone, can function as the latter type of 2D barcode reader using specialized application software.
Diamond cutting is the practice of shaping a diamond from a rough stone into a faceted gem. Cutting diamonds requires specialized knowledge, tools, equipment, and techniques because of its extreme difficulty.
Color grading is a post-production process common to filmmaking and video editing of improving the appearance of an image for presentation in different environments on different devices. Various attributes of an image such as contrast, color, saturation, detail, black level, and white point may be enhanced whether for motion pictures, videos, or still images. Color grading and color correction are often used synonymously as terms for this process and can include the generation of artistic color effects through creative blending and compositing of different images. Color grading is generally now performed in a digital process either in a controlled environment such as a color suite, or in any location where a computer can be used in dim lighting.
Hearts and Arrows (H&A) diamonds are precision-cut variations of the traditional 57 faceted round brilliant cut. They are cut to "ideal" proportions with good optical symmetry, polish and a specific faceting pattern. When all these factors are present, the result is a repeatable, near perfect pattern of eight symmetrical arrows in the face-up position of the stone and eight symmetrical hearts when viewed in the table-down position.
A diamond cut is a style or design guide used when shaping a diamond for polishing such as the brilliant cut. Cut does not refer to shape, but the symmetry, proportioning and polish of a diamond. The cut of a diamond greatly affects a diamond's brilliance; this means if it is cut poorly, it will be less luminous.
Diamond clarity is the quality of diamonds that relates to the existence and visual appearance of internal characteristics of a diamond called inclusions, and surface defects, called blemishes. Clarity is one of the four Cs of diamond grading, the others being carat, color, and cut.
The Gemological Institute of America (GIA) is a nonprofit institute based in Carlsbad, California. It is dedicated to research and education in the field of gemology and the jewelry arts. Founded in 1931, GIA's mission is to protect buyers and sellers of gemstones by setting and maintaining the standards used to evaluate gemstone quality. The institute does so through research, gem identification and diamond grading services and a variety of educational programs. Through its library and subject experts, GIA acts as a resource of gem and jewelry information for the trade, the public and media outlets.
Alrosa is a Russian group of diamond mining companies that specialize in exploration, mining, manufacture, and sale of diamonds. The company leads the world in diamond mining by volume. Mining takes place in Western Yakutia, the Arkhangelsk region, and Africa. Alrosa is Russia's leading diamond mining and distribution company, accounting for 95% of Russian diamond production and 27% of global diamond extraction.
A loupe is a simple, small magnification device used to see small details more closely. They generally have higher magnification than a magnifying glass, and are designed to be held or worn close to the eye. A loupe does not have an attached handle, and its focusing lens(es) are contained in an opaque cylinder or cone. On some loupes this cylinder folds into an enclosing housing that protects the lenses when not in use.
Diamond flaws are common. Few natural diamonds are perfect; most of them have inclusions or imperfections. These inclusions are also known as flaws and exist in various forms, such as exterior and interior. Inclusions are also classified in the manner in which they were formed. For example, syngenetic diamond inclusions are inclusions which were formed while a diamond formed, while epigenetic inclusions occurred after a diamond was formed.
ImaGem Inc. is a gem information company based on patented technology for grading and identifying gems. The parent company, ImageStatistics, offers applications in imaging and image processing for the medical, pharmaceutical, manufacturing, chemical and quality assurance industries. ImaGem was created after 20 years of research done on human perception and ImageStatistics, a statistical tool developed by Dr. Lalit K. Aggarwal. ImaGem’s Systems employ advanced optics, imaging technology and proprietary software programs to automate and integrate diamond grading. In addition to evaluating the 4C’s of diamond grading, ImaGem also analyzes Light behavior information based on precise and repeatable measures; three complementary dimensions of brilliance, intensity and sparkle. ImaGem has created a system of uniquely identifying and registering (fingerprinting) a stone without any need for laser inscription. By offering all this information, ImaGem has promoted decision-making and efficiency in the gem industry supply chain. In 1998, ImaGem Inc. was incorporated in the state of Pennsylvania, USA after funding from a major retailer, Ben Franklin Technology Partnership, and private funding. The company has developed an integrated technology to collect image data for diamonds and gemstones, analyze it using direct measurement methodology and grade for precise and repeatable measurements.
Sauce Labs is an American cloud-hosted, web and mobile application automated testing platform company based in San Francisco, California.
PrimeSense was an Israeli 3D sensing company based in Tel Aviv. PrimeSense had offices in Israel, North America, Japan, Singapore, Korea, China and Taiwan. PrimeSense was bought by Apple Inc. for $360 million on November 24, 2013.
HCL AppScan, previously known as IBM AppScan, is a family of desktop and web security testing and monitoring tools formerly from the Rational Software division of IBM. In July 2019, the product was acquired by HCL Technologies and currently slated under HCL Software, a product development division of HCL Technologies. AppScan is intended to test both on-premise and web applications for security vulnerabilities during the development process, when it is least expensive to fix such problems. The product scans the behavior of each application, whether an off-the-shelf application or internally developed, and develops a program intended to test all of its functions for both common and application-specific vulnerabilities. This family of product is capable of performing SAST, DAST, IAST and Mobile Analysis against the user's source code and check for vulnerabilities.
Dave Lapa is an independent diamond trader and founder of Overseas Diamonds. Lapa was born in Antwerp, Belgium on 18 November 1949, and has been working in the diamond industry for over 30 years. His company, Overseas Diamonds, was founded in 1974 and based in Antwerp. It operated as a diamond marketing company. In 1978 it began manufacturing diamonds. By 2000, the company held offices in Israel, Hong Kong, South Africa, China and the USA. Overseas Diamonds folded in October 2009 after filing bankruptcy in Belgium.
Lesedi La Rona, formerly known in media as Karowe AK6 or as Quad 1 by the personnel at the mine, is the fourth-largest diamond ever found, and the third-largest of gem quality. It was found in the Karowe mine, in Botswana on 16 November 2015.
Artec 3D is a developer and manufacturer of 3D scanning hardware and software. The company is headquartered in Luxembourg, with offices also in the United States, China (Shanghai) and Montenegro (Bar). Artec 3D's products and services are used in various industries, including engineering, healthcare, media and design, entertainment, education, fashion and historic preservation. In 2013, Artec 3D launched an automated full-body 3D scanning system, Shapify.me, that creates 3D portraits called “Shapies.”
The Aphelion Imaging Software Suite is a software suite that includes three base products - Aphelion Lab, Aphelion Dev, and Aphelion SDK for addressing image processing and image analysis applications. The suite also includes a set of extension programs to implement specific vertical applications that benefit from imaging techniques.
3Scan, Inc. was an American biotechnology company based in San Francisco, California. It offered automated microscopy services using a coordinated combination of both hardware and software for the 3D analysis of cells, tissues, and organs. The company was founded in 2011 by Todd Huffman, Megan Klimen, Matthew Goodman, and Cody Daniel. The 3Scan technology is based on the Knife Edge Scanning Microscope developed in the late 1990s by Bruce McCormick, founder of the Brain Networks Lab at Texas A&M University.
The Sewelô diamond is the third-largest rough diamond ever found. The diamond was recovered in April 2019 by the Lucara Diamond Corp in its Karowe diamond mine in Botswana. The diamond is 1,758 carats and weighs 352 grams or 12.39 oz.