Revolutionizing Diamond Traceability: Sarine Technologies Introduces CarbonVERO™ for Unprecedented Carbon Footprint Tracking
Hod Hasharon (Israel), July 2023 – Sarine Technologies Ltd. (“Sarine”), a global leader in precision technology products for the diamond and gem industry, is proud to announce a transformative leap in diamond sustainability with the introduction of CarbonVERO™. Listed on both the Singapore Exchange Mainboard (SGX: U77:SI) and the Tel-Aviv Stock Exchange (TASE: SARN.TA), Sarine, along with its subsidiaries, continues to innovate, providing the tools necessary for the evaluation, planning, processing, measurement, grading, and trading of diamonds. CarbonVERO™ is a pioneering new offering designed to meticulously record the energy consumption and carbon footprint of each individual diamond, meticulously tracking its journey from its original state as a mined rough diamond to its final, exquisitely polished form. This exhaustive and invaluable data will be seamlessly integrated and made accessible through Sarine’s highly acclaimed Diamond Journey™ traceability solution.
This groundbreaking innovation is the culmination of a strategic and powerful collaboration between Sarine, the esteemed diamond manufacturer and trader Andre Messika Ltd., and The Carbon Trust, a globally recognized authority renowned for its expertise in assessing carbon emissions and promoting sustainable practices. The partnership brings together Sarine’s unparalleled technological prowess in diamond tracking, Andre Messika’s commitment to ethical sourcing and manufacturing, and The Carbon Trust’s rigorous methodologies for environmental impact assessment, creating a truly comprehensive and trustworthy solution for the diamond industry.
Unprecedented Precision: Tracing the Environmental Impact of Every Diamond
CarbonVERO™ marks a historic milestone for the diamond industry. Never before has a rough diamond manufacturing facility possessed the capability to measure and log the environmental impact at each individual stage of the cutting and polishing process, culminating in a precise, cumulative assessment of the process’s total environmental footprint. This granular data represents a profound shift from aggregate estimates to verifiable, diamond-specific metrics. The newly accrued data will now form an integral layer of information within Sarine’s sophisticated Diamond Journey™ traceability reporting. This includes comprehensive coverage of Scope 1, Scope 2, and Scope 3 emissions data, encompassing the entire lifecycle from the initial mined source extraction process through to the meticulous cutting and polishing of the final product. Furthermore, the system offers the capability to extend this environmental accounting to include freight and distribution impacts, tracing the diamond’s journey from the factory right up until it reaches the hands of the polished diamond wholesaler or retailer. This holistic approach ensures an end-to-end understanding of a diamond’s true environmental cost.
Andre Messika Ltd. will be at the forefront of implementing CarbonVERO™, utilizing its robust framework for capturing raw environmental data, across all its Namibian-sourced diamonds. This commitment not only enriches supply chain insights but also introduces an entirely new dimension to diamond traceability – the tracing of the carbon impact. While various organizations within the broader luxury sector and beyond are engaging in different forms of carbon footprinting, CarbonVERO™ represents a monumental first for the diamond industry. It provides the actual, precise measurement and calculation of energy consumption and CO2 emissions for *each individual diamond*, from its rough, mined state to its dazzling, polished gem form. This level of detail and individual item tracking is unparalleled and sets a new industry benchmark. CarbonVERO™ will empower both B2B manufacturers and B2C diamond brands with the critical data needed to transparently disclose key environmental impact information to their discerning customers, fostering trust and promoting responsible consumption.
The Pilot Program: A Foundation for Industry-Wide Adoption
The initial benchmark for CarbonVERO™’s development and validation was established through a meticulously designed pilot program. This program leveraged the robust rough diamond supply channel of the Namibia Diamond Trading Company (NDTC), a vital entity within the De Beers Group of Companies, in conjunction with Andre Messika Ltd.’s state-of-the-art Namibia-based polishing facilities. By integrating NDTC’s comprehensive mining data with the detailed processes within Andre Messika’s factory, CarbonVERO™ was able to achieve accurate pilot figures, laying a solid foundation for its official launch. This real-world application proved the system’s efficacy and reliability in capturing complex environmental data across the entire value chain. The success of this pilot paves the way for wider adoption across the diamond industry, offering a proven methodology for others to follow.
The Carbon Trust’s Methodological Rigor and ISO Verification
A cornerstone of CarbonVERO™’s credibility lies in the invaluable contribution of The Carbon Trust. This esteemed organization has been instrumental in creating the foundational dataset required for ongoing, accurate reporting. Their methodology rigorously considers the annual input of materials, energy consumption, transportation logistics, processing activities, ancillary services, and waste data within the diamond manufacturing process. When this robust dataset is combined with Sarine’s technologically advanced, individual diamond tracking capabilities, the result is a truly comprehensive and granular report. This report can be flexibly tailored to meet the specific reporting needs of individual customers, ensuring relevance and utility. To guarantee the highest level of accuracy and to account for any fluctuations, ongoing sub-metering is meticulously implemented. This continuous monitoring reflects seasonal changes in factory readings and remains a paramount priority for CarbonVERO™, ensuring that the data provided is consistently precise and up-to-date.
Furthermore, The Carbon Trust has developed a comprehensive Product Carbon Footprint (PCF) blueprint. This blueprint meticulously tracks the diamond’s environmental journey from the mine, through Andre Messika Ltd.’s Namibian factory, and subsequently into the polished diamond distribution channel. This foundational framework for raw data capture is currently undergoing the rigorous process of ISO Verification for carbon footprinting status. Achieving ISO verification is critical, as it provides independent, internationally recognized assurance that the methodologies and data are reliable, transparent, and compliant with global best practices. This commitment to third-party verification underscores the integrity and trustworthiness of the CarbonVERO™ solution, solidifying its position as a gold standard for environmental reporting in the diamond industry.
Sarine’s Strategic Role in Market Adoption and Sustainable Futures
With its extensive reach and deep integration throughout the natural diamond supply chain, particularly within the crucial manufacturing segment, Sarine is uniquely and exceptionally well-positioned to champion and promote the CarbonVERO™ reporting service. Sarine will act as a facilitator, strategically matching the growing interest from B2C entities – retailers and brands keen on offering sustainable products – with CarbonVERO™-approved manufacturers. These approved manufacturers are those who diligently undertake the accredited, independent factory measurements, adhering strictly to the data-logging and sub-metering requirements necessary to capture these intricate, granular data points. This ensures that the inventory provided by these manufacturers meets the stringent standards of CarbonVERO™. Consequently, the service is meticulously tailored to specific diamond segments, precisely aligning with the expectations and demands of environmentally conscious consumers. Sarine’s role is pivotal in creating a transparent ecosystem where sustainable practices are not just advocated but meticulously measured and verified, connecting demand with responsible supply.
The introduction of CarbonVERO™ arrives at a critical juncture, as global consumers and regulatory bodies increasingly demand greater transparency and accountability from industries regarding their environmental impact. By providing verifiable data on each diamond’s carbon footprint, Sarine, Andre Messika, and The Carbon Trust are not only responding to this demand but are actively shaping a more sustainable future for the diamond sector. This initiative positions the diamond industry as a leader in traceability and environmental stewardship, ensuring that the beauty of a diamond is matched by the integrity of its journey.
Voices from the Partnership: Commitment to Transparency and Excellence
Commenting on this significant launch, André Messika, Chairman of Andre Messika Ltd., remarked, “Tracing the carbon impact per diamond from origin to consumer was the logical next step in a trajectory of traceability programs and diamond provenance traceability initiated five years ago.” His statement underscores Andre Messika Ltd.’s long-standing commitment to comprehensive transparency, with CarbonVERO™ representing a natural and essential evolution of their pioneering efforts.
David Block, CEO of Sarine Technologies, echoed this sentiment, stating: “We are proud of being part of yet another innovative initiative that adds an additional layer of transparency to the diamond industry, providing crucial information about the energy consumed and CO2 emitted during the diamond’s formative processes. Our unwavering commitment is to deliver this data with the highest level of assurance, thereby enabling the industry to offer truly sustainable products and ensuring a beneficial future for all stakeholders.” Block further added, “It is a distinct pleasure for us to collaborate with Andre Messika once again. His leadership in believing in and actively pursuing transparency and excellence places him at the forefront of the industry, ultimately benefiting all of its diverse stakeholders.” These statements collectively highlight the shared vision of all partners to drive positive change, enhance consumer confidence, and establish new benchmarks for ethical and sustainable practices within the global diamond market.
ABOUT ANDRE MESSIKA LTD.
Andre Messika Ltd. is an esteemed and highly respected diamond trading company boasting a rich and illustrious history spanning over 55 years. Founded by the visionary Andre Messika, the company’s profound commitment to excellence, integrity, and innovation within the diamond industry has been seamlessly passed down to the next generation, with Andre’s son Ilan joining the company in 2014, continuing the legacy. The core values of trust, transparency, traceability, unwavering ethics, and absolute integrity are not merely principles but the foundational pillars that define Andre Messika Ltd.’s business practices across the globe.
The company proudly upholds its membership with the Responsible Jewellery Council (RJC) since 2012, consistently adhering to its rigorous principles and actively promoting sustainability throughout its operations. Furthermore, as an approved and active member of the prestigious Cartier & Kering’s Watch and Jewellery Initiative 2030, Andre Messika Ltd. consistently positions itself at the vanguard of innovation. Their relentless pursuit of complete consumer disclosure exemplifies their dedication to fostering a transparent, ethical, and sustainable luxury sector, setting an admirable standard for the industry.
ABOUT THE CARBON TRUST
The Carbon Trust stands as a leading global climate consultancy, driven by a compelling and singular mission: to dramatically accelerate the world’s transition to a decarbonized future. Through its expert guidance and strategic partnerships, The Carbon Trust collaborates extensively with businesses of all scales, governmental bodies, and influential financial institutions to catalyze and drive positive climate action worldwide.
Their comprehensive suite of services spans the entire journey from initial strategic planning and ambitious target setting to practical activation and impactful communication – effectively transforming abstract environmental ambitions into measurable, tangible impact. To date, their formidable team of over 400 dedicated experts has played a pivotal role in helping organizations set more than 200 science-based targets. Moreover, they have guided over 3,000 organizations and numerous cities across five continents on their critical journey towards achieving Net Zero emissions, making them a crucial ally in the global fight against climate change and a perfect partner for the rigor required by CarbonVERO™.
ABOUT SARINE TECHNOLOGIES LTD.
Established in 1988, Sarine Technologies Ltd. has firmly cemented its position as a worldwide leader in the pioneering development and precision manufacturing of advanced modeling, analysis, evaluation, planning, processing, finishing, grading, and trading systems specifically designed for diamonds. Sarine’s innovative product portfolio is extensive and revered throughout the industry. It includes the acclaimed Galaxy® family of inclusion and tension mapping systems, which provide unparalleled insights into a diamond’s internal characteristics.
Further offerings encompass state-of-the-art rough diamond planning and optimization technologies, highly precise laser cutting and shaping tools, advanced laser-marking, inscription, and fingerprinting equipment for unique identification. Sarine also leads in automated (AI-derived) Clarity, Color, Cut, and light performance grading systems, ensuring consistent and objective quality assessment. Crucially, their comprehensive traceability, visualization, and retailing services complete the end-to-end solution. Sarine systems have become indispensable, establishing themselves as standard tools in every modern diamond manufacturing plant, properly equipped gemology lab, and professional diamond appraisal business. They serve as essential aids for diamond polishers, dealers, and retailers globally, underpinning efficiency, accuracy, and now, with CarbonVERO™, unparalleled transparency and sustainability within the diamond supply chain.