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Sarine Signs “Strategic Framework” with China’s National Gemstone Testing Center (NGTC)

Sarine Technologies Ltd announced that it has signed a “strategic framework” with the National Gemstone Testing Center (NGTC), the Gems & Jewelry Administrative Center of the Ministry of Natural Resources, People’s Republic of China, on September 16, 2019. NGTC is considered to be the leading gemmological laboratory in China, with its headquarters being in Beijing.

“The strategic framework aims to advance diamond grading standards to the highest level, and to implement the industry’s most consistent grading by utilising NGTC’s extensive gemmological research and diamond testing expertise and Sarine's developments in the areas of Artificial Intelligence (AI) for the grading of a polished diamond's 4Cs,” Sarine said, explaining the rationale behind the move. “The cooperation also aims to set new standards for light performance grading, diamond traceability and fingerprinting as well as digital solutions suitable for the retail diamond trade in China. In addition, both companies will explore possibilities for development of technology for gems and jewellery.”

ZhiBin Ye, NGTC's President, commented, “NGTC and Sarine have a very good foundation for cooperation on diamond cut grading and we are very glad to strengthen our partnership. 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. We expect the cooperation to achieve this soon, bringing better service to enterprises and consumers, for the benefit of the entire diamond industry.”

David Block, CEO of the Sarine Group, stated: “Sarine is honored to collaborate on new standards with an organisation such as NGTC, a world leading authority in gem research and grading. We value NGTC’s commitment to excellence and its ongoing drive to be at the forefront of innovation. Our shared values of professionalism, transparency and ethical practice realized by the newest digital solutions available to the diamond industry, will bring a new level of confidence to the Chinese consumer. We believe we can jointly create a new level of discourse at the retail level to benefit the entire diamond industry.”

Courtesy - GJEPC



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