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Sarine, NGTC Partner on Grading Standards

Sep 19, 2019 4:21 AM   By Rapaport News
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RAPAPORT... Sarine Technologies is collaborating with China’s National Gemstone Testing Center (NGTC) to advance diamond-grading standards in China.

Sarine CEO David Block and NGTC president ZhiBin Ye signed the agreement in Beijing Monday, with the intention of combining NGTC’s extensive gemological research and diamond-testing expertise with Sarine’s artificial intelligence (AI) technology to improve accuracy and consistency.

“[The partnership] will bring a new level of confidence to the Chinese consumer,” Block said Tuesday. “We believe we can jointly create a new level of discourse at the retail level to benefit the entire diamond industry.”

The cooperation also seeks to set new standards for light-performance grading, diamond traceability and fingerprinting, as well as provide new digital solutions suitable for the Chinese retail diamond trade.

“Both NGTC and Sarine aim to improve efficiency and drive innovation, providing more professional and more qualified technological services and solutions, devoting our efforts to promote the stability and development of the diamond industry, and protect consumer confidence,” explains Ye. “We expect the cooperation to achieve this soon, bringing better service to enterprises and consumers, for the benefit of the entire diamond industry.”

Image: David Block and ZhiBin Ye signing the agreement. (Sarine Technologies)
Tags: David Block, National Gemstone Testing Center, NGTC, Rapaport News, Sarine, Sarine Technologies, ZhiBin Ye
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