Diamond technology company HB Antwerp has signed a new partnership with the goal of strengthening its supply chain transparency offering.
Technology from Singapore Exchange Mainboard-listed company Sarine technologies will now be integrated into HB Antwerp’s “proprietary ecosystem” of services.
HB Antwerp uses data-driven planning, scanning and manufacturing technology to authenticate each stage of its value chain.
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Now it will use Sarine’s Galaxy scanning, planning and AI-grading technologies, which will be fully integrated with HB’s proprietary technologies throughout the process, from rough sourcing to the final polished result.
The companies have also reported that they will be working together on the development of new technologies through their respective research and development facilities.
Rafael Papismedov, HB Antwerp strategy director, commented: “HB Antwerp and Sarine have a solid foundation for cooperation, given Sarine’s advanced technological solutions, which helps to serve HB Antwerp’s vision for streamlining the supply chain and providing the end consumers with the quality products they desire, along with the transparency and confidence they demand.
“Both parties have a common vision and are determined to leverage this cooperation to enhance consumer confidence while providing the highest quality products for leading diamond brands.”
David Block, Sarine Group CEO, added: “HB Antwerp’s initiative is a significant step towards the much-needed optimisation of the diamond industry value chain.
“This new paradigm combining producers, manufacturers and retailers underpinned by the latest technologies has the potential to revolutionise our industry.
“We are proud to be a partner in this new paradigm and are very excited about the potential of this new and innovative initiative. ”
This comes only a month after HB Antwerp agreed to a long-term partnership with Lucara Diamonds. Read more below:
HB Antwerp and Lucara enter into ‘long-term agreement’