Israel-based diamond tech company Sarine Technologies has signed a strategic cooperation agreement with the DELGATTO Diamond Finance Fund (DDFF).
The DDFF, according to a press release, is “today’s largest non-bank diamond financing entity [and] offers flexible, collateral based structures to the global diamond industry value chain.”
According to the announcement, the “Del Gatto 360, Powered by Sarine” service for rough diamonds is a “new and revolutionary program [that] will employ Sarine’s technological solutions for uniquely mapping, identifying and evaluating rough diamonds, thereby significantly enabling the scaling up of DDFF’s financing operations of rough diamonds.” Additionally, customers will be able to have the rough diamonds they acquired “optionally manufactured by the same one entity and in one place, with end-to-end traceability fully documented by the Sarine Diamond Journey™ solution.”
David Block, CEO of Sarine Technologies, commented: “We are thrilled to support our industry in yet another one of its requisite pillars – efficient financing […] “I am confident that the DDFF will now be able to increase the capital it injects into the market in a way that will create additional opportunities for the entire industry, in general, and particularly our many mutual clients.”
