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Sarine to Bar Patent-Violators’ US Shipments

Sep 5, 2017 10:19 AM   By Rapaport News
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Sarine Technologies is attempting to block US imports of polished diamonds that it alleges were produced in violation of the company’s intellectual property.

Sarine has notified US trade organizations and major importers, dealers and retailers that it intends to “file actions” to prevent shipments of such stones into the US, the company said in a recent statement.

In July, the Israel-based firm said it was suing a “group of unscrupulous businessmen,” claiming they had infringed on intellectual property rights relating to Sarine’s inclusion-mapping technology for rough diamonds, as well as its Advisor software for rough-diamond planning. Israeli authorities later arrested three foreign nationals in the case, and the suspects are now awaiting criminal prosecution for allegedly attempting to get Sarine employees to sell them the company’s trade secrets, the technology supplier said.

The alleged patent- and copyright infringement, which Sarine claims took place in India, contributed to a 13% drop in the company’s revenue in the second quarter, it argued last month.

“It should be noted that if such infringement is found, enforcement might also involve the seizure of goods by US Customs and Border Protection,” Sarine said.

Illicit exploitation of intellectual property rights by “less than ethical” industry members should “meet with zero tolerance” in all countries where those rights are protected by law, said David Block, Sarine’s CEO.

Image: infinity21/Shutterstock
Tags: David Block, intellectual property, Israel, Rapaport News, Sarine, Sarine Technologies, US, US Customs and Border Protection, US imports
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