Sarin Technologies has announced the acquisition of a 100% stake in Galatea, an Israeli company which deals in the development of innovative technology for automated evaluation of the internal features of rough and polished diamonds. The acquisition cost $10.77 million.

At present there is no such cost effective system in existence for the evaluation of diamonds’ internal features. The new technology will significantly improve the actual yield of rough diamonds. The commercialization of the new technology is expected both to increase the Group’s revenue through the expansion of its product range and boost the sale of the company’s existing planning products.

“The unique and innovative technology developed by Galatea executes internal scanning and mapping faster and is less costly compared to other technologies previously assessed and tested by Sarin. We expect the benefits of this acquisition to materialize over the next 12 months,” said Sarin’s CEO Zeev Leshem.