Sarine Partners with Aura Blockchain Consortium

Aura Blockchain Consortium, founded by LVMH, Prada Group, Cartier, part of Richemont, and OTB Group, has chosen to partner with Sarine Technologies Ltd for its Sarine’s Diamond JourneyTM traceability solution and data for the Aura Blockchain Consortium platform. Through this one-of-a-kind partnership for diamond traceability, the multi-stakeholder Consortium is laying out the very first foundations for best-in-class product traceability standards from raw material to finished product applied in the luxury sector. Sarine has been selected by the Aura Blockchain Consortium to provide full diamond traceability across the entire supply chain, from extraction to polishing and setting. Sarine’s traceability solution is based on data independently and automatically generated by its IOT enabled systems being used throughout the pipeline by many of the industry's leading producers and midstream polishers, without resorting to non-verifiable declaratory inputs.

Daniela Ott, Secretary General of Aura Blockchain Consortium said, “By partnering with Sarine in relation to Sarine’s comprehensive traceability technology, we are establishing a one-of-a-kind technological solution with significant added value to both luxury brands and their customers." David Block, CEO of Sarine Technologies said, “It is an honour to have been selected to partner with the esteemed Aura Blockchain Consortium of leading luxury brands. This new endeavour will enable global luxury brands to benefit from our uniquely comprehensive and factual traceability solution in order to increase supply chain transparency, thereby increasing consumer confidence."