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Sarine Diamond Journey Traceability Solution Adopted by Bonas Group to Provide Diamond Origins

Enables much needed traceability for rough diamonds sourced from a variety of origins.

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(PRESS RELEASE) HOD HASHARON (ISRAEL) — Singapore Exchange Mainboard and Tel Aviv Exchange listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI; SARN.TA), a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, announces that the Bonas Group is adopting the Sarine Diamond Journey traceability program and will offer stones with a registered geographical origin.

The Bonas Group, has become over the past ten years the largest independent global diamond and gemstone tender and auction house, marketing and selling twelve direct-from-mine productions representing Blue Rock Diamonds, Braúna, IMDH, KAO, Lucapa Diamond Company, Lucara Diamond, Mountain Province Diamonds and Stornoway Diamonds. Bonas brings to market direct diamond output from Botswana, Brazil, Canada, Lesotho, Namibia and South Africa, where provenance registration can be guaranteed at source. Thus, the natural diamond’s origin can be confidently assured for value-chain (midstream and downstream) clients and consumers. The rough diamonds will be quickly and accurately scanned, allowing their subsequent traceability throughout the polishing process, providing retailers reliably traced diamonds from varied origins. The diamonds will be registered utilising our Sarine Diamond Journey™ ecosystem.

Philip Hoymans, managing director of Bonas-Couzyn (Antwerp) NV of the Bonas Group, said: “Bonas remains committed to supporting and promoting positive, ethical and sustainable standards for the diamond and gemstone industries. We are commited to continually seeking additional value for our customers. Diamond traceability is rapidly becoming a must-have in our industry. We are adopting Sarine’s solution, as it perfectly meets our needs — it provides a steadfast data-base solution and is scalable to our volumes of stones, as it only requires us to add a quick scan. Just as important, it integrates seamlessly with our customers’ operations, since they already employ Sarine systems in their cutting and polishing processes, which can now automatically continue the traceability process.”

David Block, CEO of Sarine Technologies, commented: “Bonas’ joining the growing Sarine traceability community is of major significance to the entire diamond value chain, allowing retailers to easily source fully-traceable diamonds from many origins. Bonas’ commitment to transparency and its customer-centered approach make it only natural that Bonas empower their customers with the most comprehensive and verifiable traceability solution in the market. I am looking forward to additional cooperation with Bonas, leveraging the synergy between Bonas’ leading position in rough diamond sales and Sarine’s industry-leading technological solutions to provide big-data solutions to the industry’s overall benefit.”

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