Recently, Sarine Technologies Ltd, presented their Annual Report 2024. At the occasion Daniel Benjamin Glinert, Executive Chairman of the Board said, “The adoption of our Most Valuable Plan (MVP) for optimising the planning of natural rough diamonds up to 90 points has progressed well. More midstream polishers are using this revolutionary initiative, which both increases yield and automates the process.”

Sarine’s Report 2024 also announce their new key strategic initiatives that gained traction throughout the year, 1: The adoption of our Most Valuable Plan (MVP) for optimising the planning of natural rough diamonds up to 90 points has progressed well. More and more midstream polishers are using this revolutionary initiative, which both increases yield and automates the process.

For smaller rough diamonds the issue of automation can be as important, or even more important, than the increase in yield our best ever algorithms provide. We are already doing preliminary testing of MVP’s application to larger natural rough stones, with initial results positive.

We expect further expansion of MVP’s adoption by small stone polishers in 2025, as well as the initial roll-out, most likely later in the second half of the year of the technology for stones over 2 carats. The overall industry economics will, of course, impact the rate of adoption expansion.

2: The adaptation of our rough planning technologies to LGD has also proven to be technologically sound and has, indeed, created a new revenue stream. However, the rapid decline in LGD rough prices to less than US$ 100 per carat has made the pricing of this service more challenging.

3: The opening of the GCAL by Sarine lab in India has enabled us to offer LGD grading at more competitive pricing. Given the aforementioned dynamics of the LGD segment, this is of the utmost importance. In fact, as a result of the lab’s opening, not only have we acquired new customers and are in the process of acquiring additional ones, but we are strengthening our relationships with our existing customers.

With the maturing of our Color and Clarity grading technologies for the LGD market, we will be able to be even more aggressive in our marketing efforts. We expect 2025 to see additional growth in our grading business.