Hod Hasharon (Israel) – Singapore Exchange Mainboard (SGX) and Tel-Aviv (TASE) listed Sarine Technologies Ltd., a leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, has announced the introduction of CarbonVERO™, a unique offering that meticulously records the energy consumption and carbon footprint of each individual diamond, from its origin as mined rough to its exquisite polished form.
The resultant exhaustive data is made accessible via Sarine’s Diamond Journey™ traceability solution.
This innovation is the result of a strategic collaboration with diamond manufacturer and trader Andre Messika Ltd. and The Carbon Trust, a renowned authority in carbon emissions assessment.
Never before has a rough diamond manufacturing facility measured each individual stage of the cutting and polishing process to achieve a cumulative result on the process’ environmental impact, Sarine said.
This data will now be accrued and accessible as another layer of information in Sarine’s Diamond Journey™ traceability reporting, covering scopes 1, 2 and 3 data – from the mined source extraction process through to the cutting and polishing of the final product, with further capability to include freight and distribution impacts from the factory right up until the polished diamond reaches the customer’s door.
Andre Messika Ltd. will apply CarbonVERO™, a construct for capturing raw data, to all its Namibian sourced diamonds, providing supply chain insights and adding a new layer to traceability – tracing the carbon impact.
While many organizations are undertaking various types of carbon footprinting, this is the first time in the diamond industry where the actual measurement and calculation of the energy consumption and CO2 emissions from mined rough to polished gem for each individual diamond will be provided, Sarine said.
CarbonVERO™ will empower both B2B manufacturers and B2C diamond brands to disclose key environmental impact data transparently to their customers.
The Namibia Diamond Trading Company (NDTC; part of the De Beers Group of Companies) rough diamond supply channel and Andre Messika Ltd.’s Namibia-based polishing facilities were used as the initial benchmark, integrating NDTC’s mining data to the factory’s processes, to enable CarbonVERO™ to achieve pilot figures for the launch.
The Carbon Trust has created the foundation dataset required for ongoing reporting, which considers the annual input of materials, energy, transportation, processing, ancillary and waste data. When combined with Sarine’s technologically based tracking of each individual diamond, the result is a comprehensive report, which can be tailored to individual customer’s reporting needs.
To ensure accuracy, ongoing sub-metering is implemented to reflect seasonal changes in the factory readings, and this remains a CarbonVERO™ priority.