GradingJan 05, 2023
GIA’s Migration to All-Digital Reports Has Begun GradingJan 13, 2023
Sarine To Acquire Majority Stake in GCAL
The acquisition allows GCAL to expand overseas while giving Sarine a “recognized and respected” channel for offering eGrading in the U.S.
Sarine Technologies Ltd. has signed a memorandum of understanding to acquire a majority stake in New York-based grading lab GCAL, which will transition to using Sarine’s automated, cloud-based and artificial intelligence-driven eGrading technology.
New York—Israel-based Sarine Technologies Ltd. is set to acquire a majority stake in the Gem Certification and Assurance Lab, the laboratory Don and Pamela Palmieri opened more than 20 years ago.
Sarine announced the pending acquisition early Thursday, stating it had signed a non-binding memorandum of understanding (MOU) to purchase GCAL in an all-cash deal that’s subject to customary due diligence.
The financial terms of the deal are not being disclosed. A closing date and the name for the combined entity will be announced once due diligence is completed, Sarine said.
The acquisition will give New York-based GCAL, a single-lab operation, opportunity to expand overseas by using Sarine’s automated, artificial intelligence-driven eGrading while giving Sarine ownership over a grading laboratory with a known and respected name.
“We are thrilled by this opportunity to join forces with and acquire a major position in GCAL,” Sarine CEO David Block, who was traveling Thursday and unavailable for an interview, said in a press release.
“I am confident that GCAL, leveraging Sarine’s technologies, will now be able to increase its market presence, to the benefit of the industry in general and to U.S. consumers in particular, without degrading from their industry-unique principles of guaranteed quality and consistency. No less importantly, Sarine will gain access to the Palmieris’ decades-long experience in managing a gem lab with the highest standards possible and will gain a recognized and respected channel through which to offer the expansive key U.S. retail industry its grading technologies, to the benefit of retailers and consumers alike.”
Angelo Palmieri, GCAL’s chief operations officer, said in an interview Thursday that in the last decade or so, the industry has seen major labs rapidly open multiple locations overseas, only to have the quality and consistency of their grading deteriorate.
GCAL views using Sarine eGrading as the way to expand overseas without sacrificing quality or its Zero Tolerance 4Cs Consumer Guarantee, the lab’s cash-back policy for consumers that guarantees the accuracy of the cut, color, clarity and carat weight on GCAL certificates.
“We would have not sold the company if we had to abandon the guarantee,” GCAL President Don Palmieri said.
Angelo said Sarine’s AI machine grading offers consistent and accurate grading if the machines are programmed correctly, and GCAL is “highly confident” they are.
Don added, “There’s no question that when it comes to diamond technology, [Sarine] is the leader in the world. We like to believe we [at GCAL] are the most accurate and consistent, though probably the smallest, of the internationally recognized labs.
“By taking our integrity and the quality of the work we do and connecting it with AI, it’s a grand-slam homerun.”
Related stories will be right here …
Sarine announced the pending acquisition early Thursday, stating it had signed a non-binding memorandum of understanding (MOU) to purchase GCAL in an all-cash deal that’s subject to customary due diligence.
The financial terms of the deal are not being disclosed. A closing date and the name for the combined entity will be announced once due diligence is completed, Sarine said.
The acquisition will give New York-based GCAL, a single-lab operation, opportunity to expand overseas by using Sarine’s automated, artificial intelligence-driven eGrading while giving Sarine ownership over a grading laboratory with a known and respected name.
“We are thrilled by this opportunity to join forces with and acquire a major position in GCAL,” Sarine CEO David Block, who was traveling Thursday and unavailable for an interview, said in a press release.
“I am confident that GCAL, leveraging Sarine’s technologies, will now be able to increase its market presence, to the benefit of the industry in general and to U.S. consumers in particular, without degrading from their industry-unique principles of guaranteed quality and consistency. No less importantly, Sarine will gain access to the Palmieris’ decades-long experience in managing a gem lab with the highest standards possible and will gain a recognized and respected channel through which to offer the expansive key U.S. retail industry its grading technologies, to the benefit of retailers and consumers alike.”
Angelo Palmieri, GCAL’s chief operations officer, said in an interview Thursday that in the last decade or so, the industry has seen major labs rapidly open multiple locations overseas, only to have the quality and consistency of their grading deteriorate.
GCAL views using Sarine eGrading as the way to expand overseas without sacrificing quality or its Zero Tolerance 4Cs Consumer Guarantee, the lab’s cash-back policy for consumers that guarantees the accuracy of the cut, color, clarity and carat weight on GCAL certificates.
“We would have not sold the company if we had to abandon the guarantee,” GCAL President Don Palmieri said.
Angelo said Sarine’s AI machine grading offers consistent and accurate grading if the machines are programmed correctly, and GCAL is “highly confident” they are.
Don added, “There’s no question that when it comes to diamond technology, [Sarine] is the leader in the world. We like to believe we [at GCAL] are the most accurate and consistent, though probably the smallest, of the internationally recognized labs.
“By taking our integrity and the quality of the work we do and connecting it with AI, it’s a grand-slam homerun.”
GCAL leadership will remain in place following the proposed acquisition, and Don and Angelo said GCAL will be retaining all of its staff and likely adding more.
It will also stay in its current location, on the 27th floor at 580 Fifth Ave.
Both Don and Angelo said it is too early to say where and when GCAL might be opening labs overseas.
While GCAL will be transitioning to AI-based grading, Don said gemologists are still going to be examining the diamonds submitted to the lab for grading.
He also said GCAL will not stop offering any of its services—like its new cut grade standard 8X—because of the acquisition but, instead, will be adding more, such as Sarine’s Journey reports, which trace diamonds from mine to market.
Don and Pamela Palmieri opened GCAL in 2001.
They sold the lab to Collectors Universe (which also owned American Gemological Laboratories, or AGL, at one point) in 2006 but bought it back in 2009.
Angelo joined GCAL in 2005. He became an equal partner in the business after they repurchased the lab from Collectors Universe.
Sarine is based in Hod HaSharon, Israel, and is publicly traded on the Singapore Exchange Mainboard.
Editors' Picks
Sponsored by
More on Grading
The Latest
IndependentsApr 23, 2026
Meet the Real Moms of Day’s JewelersThe jeweler’s Mother’s Day campaign highlights the women who work there—mothers, grandmothers, women who want to be mothers, and dog moms.
Supplier BulletinApr 23, 2026
JM® Shipping Solution: Smarter Shipping for High-Value GoodsSponsored by Jewelers Mutual
Lab-GrownApr 23, 2026
Charles & Colvard May Sell Assets for $1.5MThe proposed agreement follows the moissanite maker’s Chapter 11 bankruptcy protection filing last month.
Brought to you by
Discover Timeless Treasures: A Showcase of Antique Jewelry & Timepieces in Las VegasGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
AuctionsApr 23, 2026
John Jacob Astor IV’s Titanic Pocket Watch Fetches $1MThe Patek Philippe for Tiffany & Co. timepiece Astor brought aboard the ill-fated ship sold for double its estimate at a Freeman’s auction.
Weekly QuizApr 23, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsApr 23, 2026
Adam Neeley’s High Jewelry Collection Steps Into Salvador Dalí’s GardenThe “Dalí’s Garden” collection was inspired by a surreal dream Neeley had after cooking a recipe from Salvador Dalí’s 1973 cookbook.
IndependentsApr 23, 2026
Windsor Jewelers Names New Buying DirectorNatalie Feanny has been appointed to the role.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
CrimeApr 22, 2026
New Mexico Couple Pleads Guilty to Selling Fake Native American JewelryThe pair falsely claimed their jewelry was made by Navajo artists, but it was imported from Vietnam.
AuctionsApr 22, 2026
Roberta Flack’s Jewelry Is Going Up for AuctionJulien’s Auctions is selling the musician’s fine and fashion jewelry alongside her clothing, gold records, and other memorabilia.
CollectionsApr 22, 2026
British Museum Curator Pens Book on ‘The Tudor Heart’Rachel King’s book dives into the history of the pendant believed to have belonged to Henry VIII and his first wife, Katherine of Aragon.
Events & AwardsApr 22, 2026
Here’s What Sy Kessler Has on Tap for Las Vegas The company will have deals on precious metals testers as well as the latest in lab-grown diamond detection technology and security.
WatchesApr 21, 2026
Coco Chanel Enters the Game with New Watch CollectionGabrielle “Coco” Chanel is a character in the “Coco Game” collection of watches and the queen in its first haute horlogerie chessboard.
IndependentsApr 21, 2026
Meet Jewelers of America’s 2026 ‘20 Under 40’ ClassThe annual list honors rising professionals on the retail and supply sides of the jewelry industry.
CrimeApr 21, 2026
Customs Nabs 1,500 Pieces of Counterfeit Jewelry Bound for NYCSeized in Kentucky, the packages include fake Cartier, Tiffany & Co., Chanel, and Fendi jewelry.
CrimeApr 20, 2026
Queens Man Convicted in Bludgeoning Death of Pawn Shop OwnerRodolfo Lopez-Portillo faces 25 years to life in prison after being found guilty in the March 2022 beating death of Arasb Shoughi.
TrendsApr 20, 2026
Beth Bernstein, Sonia Esther Soltani Pen New Jewelry Book“Jewelry Creators: Dynamic Duos and Generational Gems” highlights the relationships among 22 influential designers, brands, and gem dealers.
Events & AwardsApr 20, 2026
Atlanta Jewelry Show’s Spring Event Is Hitting the RoadThe AJS Spring 2027 show will be held in Savannah, Georgia, with future shows taking place in other Southeast cities.
MajorsApr 20, 2026
Kendra Scott Names New CFO, Chief Business OfficerThe jewelry retailer plans to open 20 new stores this year and expand into new product categories.
TrendsApr 17, 2026
New (Groundbreaking) Floral Jewelry for Spring 2026Flower motifs are the jewelry trend blooming amongst the new collections that debuted this spring.
MajorsApr 17, 2026
QVC Group Files for Chapter 11 BankruptcyThe retailer reported an 8 percent decline in annual sales as it struggles under the weight of billions of dollars of debt.
CollectionsApr 17, 2026
Edina Kiss’ Earrings Are the Devil on Your ShoulderThe “Devil” drop earrings, our Piece of the Week, are part of designer Edina Kiss’ new namesake jewelry line that she will show at Couture.
CrimeApr 17, 2026
FBI Issues Warning to Refineries, Retailers Due to High Price of GoldThe alert states that burglary crews are targeting jewelry businesses and details how jewelers and refineries can protect themselves.
WatchesApr 16, 2026
Cartier Brings Back the RoadsterThe “watchmaker of shapes” debuted the reworked version of the vintage sports car-inspired timepiece at Watches & Wonders.
IndependentsApr 16, 2026
Edge Retail Academy Updates Leadership TeamAs demand for jewelry retail coaching grows, the company has established a dedicated business coaching leadership team.
MajorsApr 16, 2026
Stuller’s Latest Mountings Catalog Is Out NowThe “Mountings 2026-2027” catalog showcases Stuller’s largest and most diverse assortment to date with more than 400 new mounting styles.
PodcastsApr 15, 2026
Episode 4: The Natural Diamond DilemmaSally Morrison and Mark Klein discuss De Beers’ first beacon in 16 years and the mistake the industry made with lab-grown diamonds.
