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Lucara, Sarine Partner for Rough Program
Aug 21, 2018 5:15 AM
By Rapaport News
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RAPAPORT... Sarine Technologies will provide digital services for Lucara
Diamond Corp.’s new rough-sales platform, allowing customers to obtain diamonds
with the exact specifications they require.
Under the agreement, rough stones will undergo Sarine’s
Galaxy inclusion mapping, creating a digital fingerprint containing information
on the diamond’s attributes, including its size, color and quality. Lucara will
upload that information to Clara Diamond Solutions, the miner’s program for streamlining
sales.
Simultaneously, buyers will upload their specific polished-diamond
requirements, creating an online “order” on Clara, Lucara explained. Clara will
use Sarine’s Advisor rough-planning technology and the miner’s own analytics to
match rough supply to polished demand.
“Using these technologies in combination with our
proprietary analytics, Clara will sell rough diamonds on a stone-by-stone
basis, based on a customer’s specific requirements and needs, aligning rough-diamond
production to polished demand, and unlocking significant value throughout the
diamond pipeline,” Lucara CEO Eira Thomas said Monday.
The system will eliminate the common process whereby miners
sell assortments of rough diamonds together in batches, Lucara said. Instead, by
matching each stone to the purchaser’s needs, Lucara can achieve the best
possible price for each diamond, it argued.
The miner will pilot Clara with several manufacturers and jewelers
starting in the third quarter, after which it will invite other diamond
producers and manufacturers to try the technology, it said.
Image: Lucara Diamond Corp.
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Tags:
Advisor, Clara, Clara Diamond Solutions, Eira Thomas, Galaxy, lucara, Lucara Diamond Corp, Rapaport News, Sarine, Sarine Technologies
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