Connect with us

Press Releases

Digital Tenders Utilizing Sarine’s Technologies Are Becoming The Fastest Growing Platform For Rough Diamond Trading

Sarine’s platform enables the market to trade rough diamonds digitally and efficiently.

mm

Published

on

(PRESS RELEASE) HOD HASHARON (ISRAEL) — Singapore Exchange Mainboard listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI), announces its advanced scanning capabilities for rough diamond trading is expanding rapidly, enabling the market to trade rough diamonds digitally and efficiently.

Sarine’s solution provides both rough diamond producers and tender houses, as well as the rough diamond buyers with the ability to trade rough more efficiently than ever before. The diamonds are first scanned on Sarine’s DiaExpert and Galaxy systems for external and internal features. Once scanned an Advisor planning file is created which provides potential customers with the ability to plan and determine the true value of the polished diamonds that could be extracted from each rough diamond, and thereby determine on which diamonds they should optimally bid.

Stargems, which sources rough diamonds and organizes tenders, and which has just set a Dubai tender record for the amount of sales, is one of the tender houses that has started utilizing this solution. Bhavesh Javeri, CEO of Stargems said: “By utilizing Sarine’s solution, through the Trigem service center in Dubai, we are able to provide our customers with the best service possible, providing accurate data in advance which enables maximal confidence in the purchase.” Mr. Javeri added: “Covid-19 is definitely a catalyst for our digital tenders which have rapidly become an important platform for rough diamond sales. Furthermore, we are confident that the digital tenders with Sarine’s data provide significant value also in the cases where buyers can physically inspect the diamonds, making this platform essential for business stability and prosperity in these uncertain times.

David Block, CEO of Sarine Technologies, said: “We are pleased that the data we provide is enabling efficient and confident trading, contributing both to buyers and sellers. Due to the fact that our planning products have become an industry standard, rough sellers are able to reach the vast majority of the potential market by simply sending them digital files. We are proud to support the many new rough producers who have adopted this solution and are very glad that Stargems, one of leading rough diamond tender houses, is pioneering the use of our digital technologies in the largest tender ever held in Dubai”

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Zadok Master Jewelers

Stick to the Program — And Watch Your Sales Grow

When Zadok Master Jewelers in Houston, Texas, decided to move to a new location (they’d been in the same one for the 45 years they’d been in business), they called Wilkerson to run a moving sale. The results, says seventh-generation jeweler Jonathan Zadok, were “off the charts” in terms of traffic and sales. Why? They took Wilkerson’s advice and stuck to the company’s marketing program, which included sign twirlers — something Jonathan Zadok had never used before. He says a number of very wealthy customers came in because of them. “They said, ‘I loved your sign twirlers and here’s my credit card for $20,000.’ There’s no way we could have done that on our own,” says Zadok. “Without Wilkerson, the sale never, ever would have come close to what it did.”

Promoted Headlines

Most Popular