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Sarine bets on niche AI to drive its next chapter

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For years, Sarine Technologies has been best known as the quiet force behind the diamond industry’s transformation—its machines guiding cutters, grading stones, and stripping away much of the subjectivity from gem evaluation. Now, the company is turning the page, with a new playbook centered squarely on specialised artificial intelligence.

Rather than chasing the hype of general-purpose AI, Sarine is sharpening its focus on domain-specific tools designed to deliver measurable, real-world results. In diamonds, that has meant higher yields from rough stones, consistent polished grading, and lower costs through automation. In effect, the company has turned precision into a business model.

The strategy is no longer confined to gemstones. Sarine’s investment in Kitov.ai signals a leap into industries where failure is costly—think aerospace, automobiles, and advanced medical devices. Kitov’s inspection technology uses AI to convert CAD designs into automated quality checks, cutting down on engineering hours while raising standards of accuracy.

To Sarine, this kind of AI is less about flashy capabilities and more about building defensible advantages. As the company frames it, specialised AI isn’t just a tool—it’s a moat, one that protects value by delivering outcomes generic platforms can’t match.

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DiamondBuzz

Lucara Secures $50 Million Equity Boost for Karowe Underground Expansion

Lundin Family Trusts back CAD 70 million private placement to fund 2026 development plans

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Lucara Diamond Corp. has raised CAD 70 million (approximately $50.5 million) through a private placement of equity to support the advancement of its Karowe Underground Project (UGP) and strengthen its working capital position.

The company issued around 437.5 million shares at a price of CAD 0.16 per share, with the Lundin Family Trusts subscribing to the entire offering. The Lundin family controls Nemesia, Lucara’s largest shareholder, reinforcing its long-term commitment to the miner’s flagship Botswana operation.

Proceeds from the financing will be primarily used to progress the Karowe UGP, a key growth initiative aimed at extending the life and value of the mine, alongside general corporate and working capital requirements.

Commenting on the transaction, Lucara President and CEO William Lamb said the support from the Lundin Family Trusts highlights the strategic importance of the underground expansion. He added that the funding will position the company to accelerate critical project milestones planned for 2026.

The private placement is subject to customary regulatory approvals, including acceptance by the Toronto Stock Exchange, and does not require shareholder approval. Lucara expects the transaction to close by the end of the month.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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