Sarin Technologies US Unit Signs Deal With DDC

(IDEX Online News) – Sarin Technologies Ltd said its North American subsidiary, Sarine North America, has signed a strategic agreement with the New York Diamond Dealers Club (DDC).

The two parties have agreed on a five-year collaboration in which Sarine North America will provide its latest rough and polished diamond technology for the use of DDC's members. In return, the DDC will exclusively promote and market those solutions to the U.S. diamond industry.

Sarine's newest products and services for rough and polished diamonds are being showcased in a special exhibition area at the Israel Diamond Week that opened today (Monday) at the DDC.

DDC President Reuven Kaufman said, “This agreement with Sarine perfectly captures the two goals that we strive for as a bourse, providing top-notch services to our members and working towards the betterment of our industry as a whole.

"By signing this agreement, not only will we be providing our members with the top of the line systems to analyze and plan their diamonds, we will also be working with Sarine to bring the benefits of their industry leading diamond technology into the hands of New York’s diamantaires.”

Ohad Axelrod, Sarine North America's VP for Business Development, said, "As leading organizations in our respective fields, we believe that the collaboration will benefit the diamond industry community in the U.S., allowing them direct access to our latest technologies that improve diamond sourcing, increase manufacturing yield, assess and grade the resultant polished stones and aid in the online and retail trade.”

Axelrod also said that Sarine North America will be opening new offices in the just-completed International Gem Tower on New York's 47th St. (Diamond Way) between Fifth Avenue and the Avenue of the Americas at the start of 2014.