Sarine and GCAL Merge to Create Synergy in Diamond Industry
Synergies between GCAL’s quality processes and Sarine’s advanced technologies and installed base create significant growth opportunities in U.S. and worldwide
Hod Hasharon (Israel) : Sarine Technologies has announced the successful acquisition of Gem Certification & Assurance Lab, Inc (GCAL), which will create a strong synergy between the two companies. The merger will result in the creation of GCAL USA LLC, which will be part of the Sarine group and will continue to be led by GCAL’s experienced management team.
With Sarine’s cutting-edge technologies and GCAL’s strong brand in the US market, the new merged entity will offer enhanced diamond grading services to its customers. Existing GCAL customers will continue to receive grading and certification services uninterrupted, and customers worldwide will be able to receive guaranteed GCAL grading certificates for diamonds processed through Sarine’s growing installed base of grading systems. The deal is a win-win for both companies and will bring new opportunities for growth and development in the diamond industry.
David Block, Sarine’s CEO commented, “I am thrilled by the opportunities created by this merger. First and foremost, because we have found a partner that shares our values — quality, consistency, reliability, transparency and customer centricity. Secondly, I truly believe that the merger will provide the U.S. and other markets a much-needed solution to their pressing concerns for fast, accurate, consistent and efficient grading, along with optional provenance data, critical in these times of geopolitical unrest. I have absolute confidence in GCAL’s founders’ commitment to these common principles, whom I welcome into the Sarine family, and in the leadership they will continue to provide to our joint endeavor in the years to come.
Angelo Palmieri, President of GCAL USA said, “This merger is exciting for all of us. I strongly believe that it will allow us not only to continue the impressive growth we have experienced over the past few years, but also to significantly expand it. Upholding our core values while expanding GCAL is our primary condition for global growth. By leveraging Sarine’s advanced AI grading technology, we can extend our grading services worldwide while preserving the accuracy and precision our customers have come to depend on. Alongside Don and Pam, who established our laboratory over two decades ago, we are eager to advance our mission, as an integral part of the Sarine group.
Don Palmieri, Founding Partner of GCAL USA, along with wife Pam, added: “This is an emotional moment for us. This merger will support our crusade of many decades to insist on issuing highly reliable quality certificates, which protect our industry, and most importantly, the consumer. We are excited by this opportunity to join forces with Sarine, which has developed a technological solution that enables bringing our stringent quality guarantee to a broader market on an expansive scale.