Sarine looks to downstream diamond technology to polish out new growth
Besides using technology to grade diamonds, Sarine will be able to provide traceability amid a rising interest in sustainable products.
THINK diamonds and the first thing that comes to mind would be the sparkling gemstones that adorn luxury items - an object of desire for many. Behind some of the technology that helps transform rough diamonds into polished gemstones over the past three decades is mainboard-listed Sarine Technologies.
The company has lately begun looking to take its technologies downstream towards the retail segment - including using technology to grade diamonds and provide traceability - as a long-term growth driver for the company, Sarine's chief executive David Block told The Business Times in an interview.
Established in 1988, Sarine's first technologies were developed for the manufacturing segment - taking a rough diamond and turning it into a final polished product. "Most people don't know but that's a very complex process that has many, many different stages," Mr Block said.
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