The announcement of the expansion came ahead of the JNA (JewelleryNet) webinar on September 1, in which Sarine CEO Mr David Block will join a panel discussion on diamond traceability. Other prominent industry leaders will also join the webinar.
For more than 3 decades Sarine’s developments have recreated the way the diamond industry operates, from rough planning and optimization, to inclusion mapping, AI - based automated grading. Sarine is calling on its legacy and reigniting it for a new era in diamond traceability and retail technology.
Managing Director APAC, Mr Noy Elram, said that as the group foresees Greater China will become the biggest market in the near future, it is expanding the Hong Kong team to leverage the city’s advantageous position within the Guangdong-Hong Kong-Macao Greater Bay Area.
He said, “GBA has already become one of the world’s biggest jewellery production bases, trade collection and distribution centres. We see great potential in the industry and hope to partner with more GBA diamond jewellery retailers via Hong Kong office. We are confident that we can add big value to the Chinese diamond industry with our innovative and cutting-edge diamond technologies.”
He added, “Hong Kong is a highly dynamic city that serves as the perfect platform into Asia. It is a business-friendly city with a multitude of advantages to allow businesses to grow and flourish. Also, Hong Kong jewellery industry has long history and significant influence to the whole GBA. It is an ideal place for Jewellery technologies businesses, like us, to expand in the region.”
Associate Director-General of Investment Promotion, Mr Charles Ng, said, “We are happy to see that Sarine Technologies, as one of our long time clients, has made strong growth both in scale and business scope since its establishment in Hong Kong back in 2015. We hope the company can unleash the huge opportunities in the GBA via our international city status.”
About Sarine Technologies
Established in 1988, Sarine Technologies Ltd is a worldwide leader in the development, manufacturing, marketing and sale of precision technologies for the analysis, cutting and polishing of rough diamonds, and for the grading, documentation and promotion of trade in polished diamonds. It is traded on the Singapore Exchange, and the Tel Aviv Stock Exchange. Company headquarters is located in Israel, with subsidiaries, service centres and distributors across the globe. For more information, please visit www.sarine.com.
About InvestHK
Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies. For more information, please visit www.investhk.gov.hk.
For a photo, please visit www.flickr.com/photos/investhk/albums/72157719737849067.
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