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| Ramat Gan, Israel; 25 September 2008 – Sarin Technologies Ltd., a worldwide leader in the development, manufacturing and marketing of advanced rough diamond planning and diamond processing, grading and branding systems, today announced that Indian diamond manufacturer and exporter Kiran Gems Pvt. Ltd. is Sarin`s first customer to reach 200 Sarin DiaMark™ rough diamond planning system installations at its manufacturing facilities in India. Kiran Gems is one of the world’s largest rough diamond processing groups. It provides employment to more than 20,000 persons worldwide. The company’s sales offices are located in New York, Antwerp, Hong Kong, Dubai and Bangkok, and manufacturing centers throughout Gujarat, India. Vallabhbhai S Patel, Chairman of Kiran Gems, said, “Sarin is our vendor of choice for our rough planning machines. Their DiaMark system provides us with higher polished diamond value from our rough stones and better control over the entire diamond planning and manufacturing process. In our opinion, Sarin’s accuracy and productivity are second to none in all phases of rough planning.” Sarin’s equipment plays a key role in Kiran Gems’ operations and has contributed to the significant increase in its polished diamond production in recent years. The company’s installed base of Sarin’s DiaMark systems has increased from 100 units reached in February 2008 to 200 units installed as of today. David Block, Chief Executive Officer of Sarin Technologies India, added, “With the purchase of their 200th Sarin machine, Kiran Gems has taken the lead amongst our top “Century Club” customers. We value the trust they’ve placed in our company and in our technology.” Sarin offers diamond manufacturers a one-stop shop for their equipment needs for rough diamond planning and diamond processing. For diamond planning, the company’s products include DiaExpert™, the world’s leading rough diamond planner, DiaMark™, a system used to mark instructions for processing rough stones using a patented laser marking system, and OrchiDia™, a rough color predictor that enables manufacturers to predict the final color of polished diamonds during the rough planning stage. About Kiran Gems Kiran Gems Pvt. Ltd. is a world leader in the manufacturing and marketing of white diamonds less than 50 pointers. Kiran is a DTC Sightholder Company producing nearly one million carats of polished diamonds per year. Its product range includes finely cut and crafted natural diamonds in a range of shapes, from the smallest sizes up to one cent stones. For more information about Kiran Gems, visit http://www.kirangems.com. About Sarin Technologies Sarin Technologies Ltd. is a worldwide leader in the development, manufacture and sale of rough diamond planning, diamond processing and diamond grading and branding systems. The company has a global presence through wholly owned sales and support subsidiaries and a network of authorized distributors and agents. Sarin’s technology is used to provide solutions for diamond manufacturers, wholesalers, gemological laboratories and jewelry retailers. Its products are used to maximize value at every stage of diamond design, manufacturing and sale. Since its inception in 1988, Sarin Technologies has led a revolutionary transformation in the diamond industry via the introduction of technology that has dramatically changed the manner in which rough stones are processed into polished diamonds and, thereafter, bought and sold. Sarin Technologies is a publicly traded company on the Singapore stock exchange with the stock symbol U77.SI. For more information about Sarin Technologies and its products and services, visit http://www.sarin.com. Press Contacts: Sarin Technologies Ltd David Wexler Director of Marketing Tel: +972-3-7515490 E-mail: david.wexler@sarin.com |
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Sarin Technologies is a worldwide leader in the development of advanced diamond optimization systems, diamond color grading,
diamond cut grading and laser marking machines for diamond grading & gemstone production
