Sarine Technologies (SG:U77) has released an update.
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Sarine Technologies reports no current revenues from former client Alrosa due to sanctions, while their ongoing strategic reviews have shaped the company’s focus for 2024, highlighting opportunities and growth drivers. The collaboration with Tracr now allows Sarine to capture diamond provenance data for DeBeers rough diamonds. Additionally, the company is optimistic about the future, with new technologies like AutoScan Plus poised for adoption following the forthcoming G7 sanctions, and growth strategies in place to penetrate the grading technologies market, especially for lab-grown diamonds.
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