Sarine Technologies Ltd. announced a collaboration with Tracr Limited (Tracr) on diamond traceability. Tracr and Sarine are pleased to announced their intention to collaborate on a scalable, cost- effective solution for use in tracking diamonds from their source to the point of entry into G7
countries. The solution combines the complementary benefits of both the TracrTM platform and Sarine's Diamond JourneyTM traceability solution. The Tracr-Sarine solution is designed to facilitate the source verification and traceability of diamonds upon entry to the G7 and other countries, utilizing a dedicated digital portal. Through the use of Sarine's and Tracr's existing, extensive networks ­ with over 100 million diamonds utilizing Sarine's systems annually and more than 1.5 million rough diamonds currently registered on Tracr at source ­ the solution is expected to have minimal impact on the supply chain. Both Tracr and Sarine have a broad presence in the diamond industry, making this a solution that can be scaled quickly and effectively. Both parties will continue to engage with relevant industry bodies and stakeholders regarding the new collaborative proposal and the G7's approach to implementing import restrictions in support of the G7 Diamond Protocol.