Tracr and Sarine Sign Traceability Deal
March 03, 25
(IDEX Online) - Tracr, the De Beers-owned traceability solution and Sarine, the diamond tech company, have signed an agreement to collaborate.
They'll combine Tracr's blockchain technology and Sarine's diamond scanning solutions, together with diamond identification and matching algorithms developed by both companies.
The agreement will allow them both to offer "scalable, cost-effective and enhanced verification services for tracing diamonds from their source".
Sarine will integrate origin information on rough diamonds directly onto on Tracr at the source, ensuring an unbroken trail of verification.
Tracr has already registered over three million De Beers rough diamonds and can expand to include diamonds from other producers.
David Block, Sarine CEO, said: "By enabling the registration of diamonds at their source and the ability to trace them through the polishing pipeline, we can provide a verifiable, independent and objective solution.
"In today's market, transparency backed by solid, verifiable data is essential and this new collaboration enables the industry to meet this expectation seamlessly."
Wesley Tucker, Tracr CEO, said: "We believe this collaboration will deliver a step change in traceability and provenance assurance in the diamond industry.
"By enabling the connection between our blockchain technology and Sarine's advanced precision technology, we are creating a new, cost-effective and highly scalable solution that can be implemented at pace."