Sarine, NGTC Partner on Grading Standards

RAPAPORT... Sarine Technologies is collaborating with China'sNational Gemstone Testing Center (NGTC) to advance diamond-gradingstandards in China. Sarine CEO DavidBlock and NGTC president ZhiBin Ye signed the agreement in Beijing Monday, with the intention of combining NGTC's extensive gemological research and diamond-testing expertisewith Sarine's artificial intelligence (AI) technology to improve accuracy andconsistency. "[The partnership] will bring a new level of confidence tothe Chinese consumer," Block said Tuesday. "We believe we can jointly create anew level of discourse at the retail level to benefit the entire diamondindustry." The cooperation also seeks to set new standards for light-performancegrading, diamond traceability and fingerprinting, as well as provide newdigital solutions suitable for the Chinese retail diamond trade. "Both NGTC and Sarine aim to improve efficiency and driveinnovation, providing more professional and more qualified technologicalservices and solutions, devoting our efforts to promote the stability anddevelopment of the diamond industry, and protect consumer confidence," explainsYe. "We expect the cooperation to achieve this soon, bringing better service toenterprises and consumers, for the benefit of the entire diamond industry." Image: David Block and ZhiBin Ye signing the agreement. (Sarine Technologies)