Southeast Asia's oldest english-language trade journal on the international gems and jewellery community
1 Jul 2023
Sarine Technologies, the diamond technology leader, has acquired gemological lab GCAL (Gem Certification & Assurance Lab). GCAL has strong brand recognition in the US market.
Sarine Technologies Ltd has announced the completion of its acquisition of Gem Certification & Assurance Lab, Inc (GCAL).
The merger will bring together Sarine’s industry-leading technologies with GCAL’s strong brand recognition in the US market and its uncompromising quality control to increase Sarine’s reach both in the US and on a global scale.
The new merged entity, now known as GCAL USA LLC, will be part of the Sarine group, but will continue to be led and managed by GCAL’s experienced management team – which will retain a significant interest in the company as part of the deal.
Sarine will own 70% of GCAL USA LLC shares, according to the group.
Existing customers will continue to receive GCAL’s grading and certification services without any interruption.
Additionally, customers around the world will be able to receive their guaranteed GCAL grading certificates, not only for polished diamonds graded in the US for specific programs, but also for the many diamonds processed through Sarine’s growing base of grading systems across various manufacturing hubs.
This will enable grading and sorting on-site in a fraction of the time without the indirect costs of sending to a third-party external gem lab, along with optional verifiable traceability data.