Clara Diamond Collaborates with Sarine Technologies
Lucara Diamond announces Clara Diamond Solutions Corporation, its 100% owned subsidiary, has entered into a Collaboration Agreement with Sarine Technologies Ltd. Clara will be the exclusive, worldwide customer for customized interfaces and versions of Sarine's Galaxy inclusion mapping technology and its Advisor optimal rough planning for use with Clara's 100% owned, proprietary digital diamond sales platform.
Clara is on track to launch in 2018, with inaugural rough diamond sales set to commence in the third quarter. Eira Thomas, CEO commented: "Clara is delighted to be partnering with Sarine in a ground-breaking Collaboration Agreement that will align Sarine and Clara in their efforts to create a new, leading sales channel for rough diamonds globally.
Sarine is the industry leader in diamond Galaxy scanning and Advisor planning technology, which is in widespread use in the diamond industry today. Using these technologies in combination with our proprietary analytics, Clara will sell rough diamonds on a stone by stone basis, based on customers' specific requirements and needs, aligning rough diamond production to polished demand and unlocking significant value throughout the diamond pipeline."
David Block, CEO of Sarine Technologies Ltd. commented: "We are excited to have the opportunity to contribute to this initiative as we believe it will unlock value throughout the diamond supply chain which is a core principle of all of Sarine's endeavours.
It will provide numerous benefits to the industry as well as to Sarine, as it broadens our addressable market into the upstream mining and producing segment of the diamond industry value chain. It is also the first opportunity to extend our pay-per-services paradigm to the actual planning of rough diamonds. We plan to further cooperate with Clara on its provenance blockchain initiative, as our Diamond Journey is a natural fit."
Clara commercialization efforts are well underway and tracking to schedule and budget. Clara has identified a selection of industry leading diamond manufacturers and integrated jewelry houses that have agreed to participate in a trial of the Clara digital sales platform beginning in the third quarter of 2018.
Clara will initiate sales on the platform using selected diamonds recovered from Lucara's Karowe diamond mine. More details about this trial will be provided in the coming weeks. Thereafter, additional diamond producers and manufacturers will be invited to try Clara.
