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RAPAPORT... Press Release: Singapore Exchange Mainboard listed Sarine Technologies Ltd., a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement and grading of diamonds and gemstones, today announced groundbreaking cooperation with Rapaport's RapNet® Diamond Trading Network to provide Sarine LoupeTM imagery on polished diamonds showcased for sale on their industry-standard website. Rapaport's RapNet web-based platform has been enhanced to optionally provide Sarine Loupe imagery -- along with the Gemological Institute of America's (GIA) inclusion plotting and proportions sketch -- in an integrative and seamless manner, providing unique visual information that will empower online trade. The new Sarine Loupe imagery allows potential buyers to visually inspect a polished diamond offered for sale, as never possible before. As an embedded new feature of RapNet's upgraded user interface, the Sarine Loupe may be viewed subsequent to the diamond being scanned at a Sarine service center, or onsite by the seller, on a pay-per-stone basis. The imagery provides various levels of visualization, setting a new standard of information, transparency, enabling more confident and informed trade. The different visualization levels are: - Table view image – a static image of a diamond table-up, to readily decide if the diamond is of interest.
- Impression Mode – simulated video imagery of the diamond as it rotates and tilts on the screen, allowing an understanding of the diamond's appearance and its main characteristics.
- Inspection Mode – the diamond can be manually rotated and viewed from different angles and axis points from virtually any angle top to bottom and rotated 360 degrees for detailed inspection. This capability, not provided by any other available imagery system, provides the ability to fully garnish an understanding of the stone's imperfections, their reflections throughout the stone, the details of the faceting, the girdle, naturals, etc. The inspection also allows an additional magnification ability of the polished diamond to nearly microscopic inspection levels.
We are also working to further enhance the system so that additional layers of impression will be provided.
Following is a link to a stunning example of Sarine Loupe imaging of a GIA certified 2.50-carat, round brilliant diamond, with color H, clarity VS1 and excellent cut: http://www.sarine.com/m2.php .
Martin Rapaport, the chairman of the Rapaport Group, said, "This integration of Sarine's new imaging technology on the RapNet Diamond Trading Network will make it possible for buyers to see diamonds over the Internet. It will significantly improve transparency and efficiency in the diamond trade as it enables buyers and sellers across the world to transact diamonds online with greater assurance of quality. We congratulate Sarine on this initiative and are delighted to be working with them implementing new technology that improves the diamond trade."
Uzi Levami, Sarine Group's CEO, said, "The cooperation with RapNet will significantly increase the exposure of Sarine Loupe to buyers around the world on the most popular online network for polished diamonds. We are, as we have previously commented, striving in different ways to support the diamond trade, especially online, as we strongly believe in its potential for advancing the industry and empowering its various players. We are excited by the endorsement by Rapaport and their decision to be the launch platform to adopt this essential innovation, and to seamlessly provide this information to their customers. We believe that this will create an objective means by which to make informed decisions online about buying the stones, without being encumbered by the inefficiencies that are currently part and parcel of the trading process." About The Rapaport Group:
The Rapaport Group is an international network of companies providing added-value services that support the development of fair, transparent, efficient and competitive diamond and jewelry markets. Established in 1978, the Rapaport Diamond Report is the primary source of diamond price and market information. Group activities include Rapaport Information Services providing research, analysis and news; RapNet – the world's largest diamond trading network; Rapaport Laboratory Services provides GIA gemological services in India, Belgium and Israel; and Rapaport Trading and Auction Services specializing in recycled diamonds and jewelry. The Group supports over 20,000 clients in 118 countries and employs 200 people with offices in New York, Las Vegas, Antwerp, Ramat Gan, Mumbai, Surat, Dubai and Hong Kong. Additional information is available at www.diamonds.net. About Sarine Technologies:
Established in 1988, Sarine Technologies Ltd. is a worldwide leader in the development and manufacturing of advanced planning, evaluation and measurement systems for diamond and gemstone production. Sarine products include diamond cut, color and light performance grading tools, the Galaxy family of inclusion mapping systems, rough diamond optimization systems, laser-cutting and shaping systems and laser-marking and inscription machines. Sarine systems have become an essential gemology tool in every properly equipped gem lab, diamond appraisal business and manufacturing plant, and are today considered essential items by both diamond dealers and retailers. For more information about Sarine and its products and services, visit www.sarine.com . Contacts Rapaport Group
www.diamonds.net/MediaCenter
U.S.: Sherri Hendricks +1-702-893-9400;
International: Lisa Miller +1-718-521-4976
email: media@diamonds.net Sarine Technologies Ltd.
Tamar Brosh Marketing & Communications
+972-9-7903500 extension 148
Fax +972-9-7903501
email: marketing@sarine.com For further Investor Relations information, please contact:
Cyrus Capital Consulting
Lee Teong Sang
Principal Consultant
+65-9633 9035
Fax: +65-62546811
email: teongsang@cyrus.com.sg
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