Pandemic Is Pushing Industry to Embrace Tech

RAPAPORT... The coronavirus pandemic has accelerated the use of technology in the diamond supply chain, diminishing the fear that many in the industry had toward embracing innovation, according to David Block, CEO of Sarine Technologies."The fear of utilizing technology is in many ways dissipating because of Covid-19, as people have to use it to communicate [with their customers]," Block said on episode 30 of the Rapaport Diamond Podcast. "Part of today's world is being more digital, whether you want to serve the consumer as a retailer or [your client] anywhere along the pipeline." Block spoke with Rapaport Senior Analyst Avi Krawitz about various ways in which technology is driving efficiencies in the diamond industry, outlining some of Sarine's projects.Listen to the podcast here:Image: David Block (center) flanked by the company's depiction of data used in the diamond grading process. (Sarine Technologies)