Israel Diamond Exchange (IDE) President Yoram Dvash praised the company on its initiative. "The IDE and Sarine have always enjoyed excellent relations. Every new Sarine project starts in Israel and that is not something that we take for granted. I hope that together we can bring Israel back to its leading role in the global diamond trade."
The Sarine Technology Lab is initially offering services in Ramat Gan, Israel, which will include automated, accurate, consistent, and objective grading of a polished diamond's Clarity and Color, based on Sarine's breakthrough artificial intelligence-based technologies, said David Block, Chief Executive Officer of the Sarine Group. He added that Sarine will be opening a Technology Lab in India in May.
The lab will offer diamond authentication (simulant, natural or synthetic, treated) and 4Cs grading, all using the latest state-of-the-art technology.
"I believe that in another 5-10 years automated color/clarity reports will be the standard Technology can provide grading services that are consistent and repeatable. Currently, the same diamond can receive a report with a difference of 2-3 grades from different labs. That clearly can't happen with our technology which we are continuously checking and improving."
He denied that the automated system would put people out of work on a vast scale since they would still be needed to operate the machines and carry out QA work. "The aim is to raise consistency in grading not to save labor costs."
Block said that the grading reports would be digital and interactive that they can see on their smartphones and tablets not the current dry reports that are produced.
The automated grading information provided by Sarine Labs will be integrated into the Sarine Profile™ digital diamond report. Sarine Profile™ reports are customizable and may contain a combination of diamond information, including the new 4Cs and diamond detection, as well as light performance, imaging, Hearts and Arrows, and more, according to the customer’s brand identity — all at competitive pricing.
Block added that the company would be open to selling the system to any industry player, including grading labs, once a number of issues have been ironed out, such as security.