Singapore Exchange Mainboard and Tel Aviv Exchange
listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI;
SARN.TA), a worldwide leader in the development, manufacturing, marketing and sale of precision
technology products for the evaluation, planning, processing, measurement, grading and trading of
diamonds and gems, is pleased to announce that the Bonas Group is adopting the Sarine Diamond
Journey traceability program and will offer stones with a registered geographical origin.
The Bonas Group, established 140 years ago, is the world’s oldest family-owned diamond
brokerage and consultancy firm. Over the past ten years Bonas has become the largest
independent global diamond and gemstone tender and auction house. In 2021 the Group marketed
and sold twelve direct-from-mine productions. From the diamond industry Bonas Group represents
Blue Rock Diamonds, Braúna, IMDH, KAO, Lucapa Diamond Company, Lucara Diamond,
Mountain Province Diamonds and Stornoway Diamonds.
Bonas offers a full-circle, cost-effective and client-friendly sales service, providing a high level of
security and transparency, along with sophisticated market-sensitive sorting and valuation
processes. Bonas brings to market direct diamond output from Botswana, Brazil, Canada, Lesotho,
Namibia and South Africa, where provenance registration can be guaranteed at source. Thus, the
natural diamond's origin can be confidently assured for value-chain (midstream and downstream)
clients and consumers. The diamonds will be registered utilising our Sarine Diamond Journey™
ecosystem. The rough diamonds will be quickly and accurately scanned, allowing their subsequent
traceability throughout the polishing process, providing retailers reliably traced diamonds from
varied origins.
Philip Hoymans, Managing Director of Bonas-Couzyn (Antwerp) NV of the Bonas Group, said:
“Bonas remains committed to supporting and promoting positive, ethical and sustainable standards
for the diamond and gemstone industries. We are commited to continually seeking additional value
for our customers. Diamond traceability is rapidly becoming a must-have in our industry. We are
adopting Sarine's solution, as it perfectly meets our needs — it provides a steadfast data-base
solution and is scalable to our volumes of stones, as it only requires us to add a quick scan. Just
as important, it integrates seamlessly with our customers’ operations, since they already employ
Sarine systems in their cutting and polishing processes, which can now automatically continue the
traceability process."
David Block, CEO of Sarine Technologies, commented: “Bonas’ joining the growing Sarine
traceability community is of major significance to the entire diamond value chain, allowing retailers
to easily source fully-traceable diamonds from many origins. Bonas’ commitment to transparency
and its customer-centered approach make it only natural that Bonas empower their customers with
the most comprehensive and verifiable traceability solution in the market. I am looking forward to
additional cooperation with Bonas, leveraging the synergy between Bonas' leading position in rough
diamond sales and Sarine’s industry-leading technological solutions to provide big-data solutions
to the industry's overall benefit."