Sarine Technologies launched a new service providing appraisal and valuation reports of rough diamonds for various purposes \u2013 trade, financing, insurance, etc.<\/p>\n\n\n\n
The valuation of the rough diamonds for these purposes will be based on Sarine\u2019s industry-leading Galaxy\u00ae<\/sup>, DiaExpert\u00ae<\/sup> and Advisor\u00ae<\/sup> technologies, along with additional data collated as necessary. The rough diamond is comprehensively analysed and documented \u2013 its weight, external geometry, internal structure, tension (stress), estimated colour and fluorescence, etc. are measured and recorded digitally, including visual graphics and video, as applicable.<\/p>\n\n\n\n The rough stone’s digital information is first processed by Sarine’s most advanced Advisor\u00ae<\/sup> 8.0 planning package with numerous optimal solutions generated. This process results in a realistic and reliable forecast of the polished diamonds that can be produced from the given rough stone. The various polished diamonds resultant from these solutions are then valued as per multiple-sourced current pricing data, the value being further refined using various statistical analyses and weighting. The data thus derived provide an actual range in dollar terms of the market value and tradeability of the polished diamonds that may be manufactured from the rough stone, indicating its market value.<\/p>\n\n\n\n In addition, Sarine\u2019s Diamond Journey\u2122 traceability solution can be applied to document the rough and anticipated polished diamonds, so as to subsequently verify the identity of the rough and\/or polished diamonds, for inventory control purposes or when the diamond is eventually cut and polished. \u201cThis provides the financing entity with the necessary confidence to extend to the manufacturer the necessary working capital for his polishing operations, or, alternatively, to simply provide credit against the documented rough stones as collateral, while they are still held by their owner for sale,\u201d Sarine noted.<\/p>\n\n\n\n The new service will be launched with Israeli-based Mazalit, an Israeli-based group which provides financial and logistical services to the diamond industry.<\/p>\n\n\n\n David Block, CEO of Sarine, stated, \u201cThe ability to allow regulated financial entities to provide working capital against rough diamonds as collateral is an important and meaningful development for the diamond industry. Though rough diamonds are high-valued assets that embody significant value, financing them till now was difficult due to the highly subjective process employed and the consequential difficulty to accurately assess their value. Financing was further stymied by the uncertainty associated with the ability to confidently identify the rough diamonds over time and even more so, where working capital is concerned, to ascertain that the predicted polished diamonds, against which the financing was provided, were, in fact, derived during the later stages of the process. We are proud to have developed the technology that generates the requisite data that provide realistic solutions to these issues, thus enabling a completely new scope of financing tools. We are pleased that Mazalit, a company that shares the same values of transparency and innovation with us, chose to work with us to develop this solution, and believe that the service they can now offer is one much needed with enormous potential.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Sarine Technologies launched a new service providing appraisal and valuation reports of rough diamonds for various purposes \u2013 trade, financing, insurance, etc. The valuation of the rough diamonds for these purposes will be based on Sarine\u2019s industry-leading Galaxy\u00ae, DiaExpert\u00ae and Advisor\u00ae technologies, along with additional data collated as necessary. The rough diamond is comprehensively analysed…<\/p>\n","protected":false},"author":1,"featured_media":14513,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-14512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n