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Sarine Tech ( (SG:U77) ) has issued an update.
Sarine Technologies announced that Chief Executive Officer David Block will step down on 30 June 2026 after nearly a decade in the role and roughly 25 years with the company. Block is credited with steering the diamond-tech specialist through a major innovation cycle, including automated rough diamond planning via its MVP platform, the Sarine Diamond Journey traceability solution and AI-powered Clarity and Color grading.
During his tenure, Block strengthened Sarine’s operational base in India, deepened ties with leading diamond manufacturers and pushed the company further into downstream retail technology, notably through a strategic partnership with De Beers’ Tracr platform and the acquisition and scale-up of GCAL. The board and Block have pledged a professional handover to preserve stability and growth, underscoring Sarine’s intent to maintain its leadership in traceability and high-end, technology-augmented diamond grading despite the impending change at the top.
More about Sarine Tech
Sarine Technologies, listed on the Singapore Exchange Mainboard and the Tel Aviv Stock Exchange, develops precision technology solutions for the modeling, evaluation, planning, processing, grading and trading of diamonds and gems. Founded in 1988, it now derives mainly recurring revenues from its Gal3D inclusion mapping and GCAL-by-Sarine grading reports, alongside its Advisor and MVP rough planning software and a suite of AI-driven grading and traceability tools for both natural and lab-grown diamonds.
Its ecosystem spans the Galaxy family of inclusion and tension mapping systems, laser-marking and inscription equipment, automated AI-based grading for Clarity, Color, Cut and light performance, and Journey provenance and traceability reports. With a growing focus on downstream retail solutions, including visualization and fingerprinting, Sarine has positioned itself as a key technology provider to high-end grading and diamond supply-chain transparency markets.
Average Trading Volume: 75,818
Technical Sentiment Signal: Sell
Current Market Cap: S$71.61M
See more data about U77 stock on TipRanks’ Stock Analysis page.