Tag: Singapore

Rough Diamond Financing – Sarine and DELGATTO Sign Strategic Cooperation Agreement

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Until now assessing rough diamonds was an inaccurate subjective process, at best. This, along  with the difficulty in providing unique identification means, reduced their attractiveness as collateral.  The DDFF and Sarine’s groundbreaking cooperation utilizes Sarine’s various proven industry leading technologies, including the Galaxy® and DiaExpert® platforms along with the Advisor® and  related software processes, to accurately, objectively and rapidly evaluate rough diamonds, as well  as uniquely tagging them, with the result being the ability to reliably ascertain the optimally produced  polished diamonds’ potential value, and hence confidently provide financing. The DDFF will apply  Sarine’s technologies to evaluate if the rough diamond is eligible for the requested financing, and  at what level. 

Sarine signs an MOU to acquire a majority stake in New York’s Gem Certification & Assurance Lab (GCAL)

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Hod Hasharon (Israel), 11 January 2023 – Singapore Exchange Mainboard listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI; SARN.TA), a worldwide leader in the development, manufacturing, marketing and sale of precision technology  products for the evaluation, planning, processing, measurement, grading and trading of diamonds  and gems, is pleased to announce the signing of a non-binding MOU to purchase, subject to the  usual due diligence reviews and to reaching and executing a definitive agreement, a majority share  of GCAL against an all cash consideration.

The Gem Certification & Assurance Lab, Inc. GCAL is a highly respected gemological laboratory  founded in 2001 by Mr. Don Palmieri, a veteran of over 50 years in the diamond industry, and his  wife, Pamela. Today, it operates as a family-owned business in New York City, on the city’s famous  Diamond Way, at the corner of Fifth Avenue and 47th Street, with son Angelo in the role of Chief  Operations Officer (COO). GCAL provides services for the grading and certification of natural and  lab-grown diamonds, coloured diamonds, coloured gemstones, pearls and precious metals.

Internationally Acclaimed Artist Ella Spira MBE Launches an Immersive Multimedia Art Exhibition in Singapore

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On Thursday, 3 November 2022, the Grammy-nominated British composer, artist and co-founder of production company Sisters Grimm, Ella Spira MBE, will launch her latest art project, ‘Global Landscapes Singapore’ at Art Now gallery, in the Raffles Hotel Arcade, unveiling her work as a visual artist. The exhibition will be opened to the public with no tickets required on the 4th and 5th of November.

Spira’s Singapore work has already proved popular with collectors. Singapore-based and Chinese investor Jack Tao fell under the spell of Ella Spira’s Banyan Tree painting and recently acquired it for £250,000. He went on to commission Spira to create the Global Landscape Singapore.