Sarin Technologies, the Israel-based diamond technology specialist which is listed on the Singapore Exchange, has announced that it has entered into an agreement with Extell GT, LLC, to acquire approximately 500 square meters of office space in the under-construction International Gem Tower on 47th Street, New York, at a cost of approximately $ 5 million.
According to Uzi Levami, Sarin’s CEO: ``We have entered into this agreement for new office space to accommodate Sarin’s future plans related to service offerings for polished diamonds, as New York City is the United States’ main polished diamond trading centre, and the United States is still the single largest market for polished diamonds, notwithstanding the Far East’s increasing importance.”
Established in 1988, Sarin Technologies is a worldwide leader in the development and manufacturing of advanced planning, evaluation and measurement systems for diamond and gemstone production.