China’s National Gemstone Testing Center (NGTC) and Sarine Sign Strategic Framework

NGTC and Sarine aim to implement AI based 4Cs and light performance grading, diamond traceability and fingerprinting, and other digital solutions for the retail trade
China’s National Gemstone Testing Center (NGTC) and Sarine Sign Strategic Framework

Sarine Technologies Ltd. and NGTC are pleased to announce that they have signed a strategic framework at NGTC’s headquarters in Beijing on September 16, 2019. The National Gemstone Testing Center (NGTC), the Gems & Jewelry Administrative Center of MNR of P.R. China, is the leading gemological laboratory in China.

The strategic framework aims to advance diamond grading standards to the highest level of accuracy and consistency, by utilizing NGTC’s extensive gemological research and diamond testing expertise together with Sarine's developments in Artificial Intelligence (AI). 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 jewelry.

Mr. 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 organization 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.”

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