DiamondBuzz
Sarine bets on niche AI to drive its next chapter
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.
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
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.
-
GlamBuzz2 weeks agoGIVA Launches ‘Glow in Motion’, Unveils New Jewellery Collection Fronted by Barkha Singh
-
International News2 weeks agoSilver retraces down on margin hike pressure AUGMONT BULLION REPORT
-
JB Insights2 weeks agoThe JewelBuzz E-zine: Your Fortnightly Pulse of the Jewellery Industry
-
JB Insights2 weeks agoIIJS Bharat Signature 2026 set to open the year with scale, innovation and global momentum


