Sarine Technologies

Sarine Technologies
Name	Sarine Technologies
Type	Public
Industry	Diamond industry, Technology
Founded	1988
Headquarters	Hod Hasharon, Israel
Area served	Worldwide
Products	Diamond planning, 3D mapping, grading, traceability

Sarine Technologies

Sarine Technologies is an Israeli company that develops equipment and software for the diamond and gemstone industries. It specializes in automated diamond planning, mapping, imaging, grading and traceability systems used by miners, cutters, retailers and laboratories. The company serves major participants across the diamond supply chain including miners, manufacturers, wholesalers and retail chains.

History

Founded in 1988, the company emerged from research activities linked to Israeli defense and optical engineering groups and later commercial ties with Israeli technology incubators and venture capital firms such as Israel Corporation and Elron. Early collaborations included partnerships with research institutions like the Technion – Israel Institute of Technology and the Weizmann Institute of Science. In the 1990s and 2000s the firm expanded internationally, forging relationships with players such as De Beers, Alrosa, Rio Tinto, and diamond hubs in Antwerp and Mumbai. The firm completed a public offering on the Tel Aviv Stock Exchange during the 2010s and continued to grow its global footprint through distribution agreements in markets including United States, China, India, and Hong Kong. Strategic milestones included alliances with laboratories such as the Gemological Institute of America and manufacturers operating in Surat and Botswana.

Products and Technology

The company develops a portfolio that includes the automated mapping device family, 3D planning software, and advanced imaging platforms. Flagship systems combine technologies from the fields of optical engineering, machine vision, and artificial intelligence to perform tasks traditionally done by human graders. Products are integrated with third-party systems used by entities like Rapaport price lists, inventory platforms operated by Signet Jewelers subsidiaries, and laboratory information management systems used by organizations such as GIA and HRD Antwerp. The product suite targets stages from rough-diamond planning for miners like De Beers Group and Dominion Diamond Mines to polished-diamond grading and retail imaging for retailers like Tiffany & Co. and Chow Tai Fook.

Market and Industry Position

The company occupies a prominent position among suppliers of diamond mapping and grading equipment, competing with firms and laboratories in markets centered in Antwerp, Tel Aviv, Mumbai, and Hong Kong. It supplies technology to major miners including Alrosa and to trade infrastructures such as the Diamond Trading Company. Its systems are utilized by independent grading laboratories, wholesalers, and branded retailers including Cartier and Bulgari. The firm participates in industry events like JCK Las Vegas and trade organizations such as the World Diamond Council, influencing standards alongside laboratories like IGI and HRD Antwerp.

Corporate Governance and Ownership

The company is publicly listed on the Tel Aviv Stock Exchange with a board of directors and executive management that have included executives experienced in high tech and manufacturing. Major shareholders historically included institutional investors, venture firms, and private holdings connected to Israeli industry, and at times large diamond trade stakeholders. The board has engaged with corporate advisors and law firms active in corporate governance matters in Israel and internationally, interfacing with auditors and bankers in markets such as New York and London.

Financial Performance

Revenue streams derive from equipment sales, recurring software licenses, and service contracts with clients in mining regions like Botswana and production centers in India. Financial reporting to the Tel Aviv Stock Exchange includes periodic disclosures of bookings, backlog, and revenue recognized from long-term contracts. Performance has been influenced by cyclical trends in consumer demand seen in markets such as China and United States, and by commodity-related developments tied to miners like Rio Tinto and Anglo American.

Research, Development, and Patents

The company invests in research and development in collaboration with academic institutions such as the Technion and Israeli defense R&D units. R&D activities focus on areas overlapping with machine learning, 3D imaging, and optical metrology, producing patent filings and intellectual property portfolios that are enforced against competitors and licensed to partners. Innovations aim to improve accuracy of measurements used by labs including GIA and to integrate with blockchain and traceability initiatives supported by trade bodies like the Responsible Jewellery Council.

Controversies and Legal Issues

As a vendor in a closely regulated industry, the company has faced scrutiny related to product claims, certification accuracy, and competitive disputes with other equipment suppliers and laboratories including GIA and HRD Antwerp. Legal matters have encompassed litigation over intellectual property and contract disputes in jurisdictions including Israel and Belgium. The firm has also navigated industry controversies around ethical sourcing and traceability initiatives promoted by organizations such as the Kimberley Process Certification Scheme and the World Diamond Council.

Category:Companies of Israel