GradingApr 10, 2023
GIA Is Going Back to Paper ReportsGradingMay 11, 2023
Sarine Completes Acquisition of Majority Stake in GCAL
The new corporation, GCAL USA LLC, will be part of the Sarine Group and its grading reports will read “GCAL by Sarine.”
Sarine North America Inc. completed its acquisition of the Gem Certification & Assurance Lab on Tuesday. Sarine now holds a 70 percent stake in the New York-based grading lab, which will operate under the brand name “GCAL by Sarine.”
New York—Sarine North America Inc. has completed its proposed acquisition of the Gem Certification & Assurance Lab, paying $5.7 million for a 70 percent stake in the business, a regulatory filing shows.
The transaction, first announced in January, closed Tuesday.
The new corporation, GCAL USA LLC, will be part of the Sarine Group, though GCAL’s current team—including co-founders Don and Pamela Palmieri and their son Angelo Palmieri, the lab’s chief operating officer—will continue to lead and manage the New York-based lab for at least three years.
After three years, Sarine will have the option to take a 100 percent stake in the lab, per the filing.
All current GCAL employees will become employees of GCAL USA LLC.
Sarine had to let go a “small number” of people because of redundancies but hired for a couple additional positions, Sarine CEO David Block said.
“Overall, the total manpower of the two companies when merged should be more or less the same,” he said.
The company will operate under the brand name “GCAL by Sarine,” which will be the name that appears on grading reports and marketing materials.
The acquisition gives Sarine, which is based in Israel and has a larger presence in Europe and Asia, a foothold in the United States by pairing it with a grading lab that is established in the market.
Don and Pamela founded GCAL in 2001.
“I am thrilled by the opportunities created by this merger,” Block said in a press release. “First and foremost because we have found a partner that shares our values—quality, consistency, reliability, transparency, and customer centricity.
“Secondly, I truly believe the merger will provide the U.S. and other markets a much-needed solution to their pressing concerns for fast, accurate, consistent and efficient grading, along the optional provenance data, critical in these times of geopolitical unrest.”
Related stories will be right here …
The transaction, first announced in January, closed Tuesday.
The new corporation, GCAL USA LLC, will be part of the Sarine Group, though GCAL’s current team—including co-founders Don and Pamela Palmieri and their son Angelo Palmieri, the lab’s chief operating officer—will continue to lead and manage the New York-based lab for at least three years.
After three years, Sarine will have the option to take a 100 percent stake in the lab, per the filing.
All current GCAL employees will become employees of GCAL USA LLC.
Sarine had to let go a “small number” of people because of redundancies but hired for a couple additional positions, Sarine CEO David Block said.
“Overall, the total manpower of the two companies when merged should be more or less the same,” he said.
The company will operate under the brand name “GCAL by Sarine,” which will be the name that appears on grading reports and marketing materials.
The acquisition gives Sarine, which is based in Israel and has a larger presence in Europe and Asia, a foothold in the United States by pairing it with a grading lab that is established in the market.
Don and Pamela founded GCAL in 2001.
“I am thrilled by the opportunities created by this merger,” Block said in a press release. “First and foremost because we have found a partner that shares our values—quality, consistency, reliability, transparency, and customer centricity.
“Secondly, I truly believe the merger will provide the U.S. and other markets a much-needed solution to their pressing concerns for fast, accurate, consistent and efficient grading, along the optional provenance data, critical in these times of geopolitical unrest.”
For GCAL, the merger allows it to expand overseas using Sarine’s artificial intelligence-powered grading instruments without sacrificing quality, an imperative for the lab, GCAL has said.
GCAL still will offer all the same grading services, including its new 8X cut grade, as well as its “Zero Tolerance” 4Cs Consumer Guarantee, which offers consumers money back if the cut, color, clarity and carat weight on their diamond’s GCAL certificate is not accurate.
“We would not have sold the company if we had to abandon the guarantee,” Don said when news of the deal was made public earlier this year.
In the press release, he called the closing of the acquisition “an emotional moment.”
“This merger will support our crusade of many decades to insist on issuing highly reliable quality certificates, which protect our industry and, most importantly, the consumer,” he said.
“We are excited by this opportunity to join forces with Sarine, which has developed a technological solution that enables bringing our stringent quality guarantee to a broader market on an expansive scale.”
More on Grading
The Latest
Policies & IssuesNov 14, 2025
U.S., Switzerland Reach Deal That Drops Tariff to 15%The Swiss government announced the deal, which cuts the tax on Swiss imports by more than half, on social media Friday morning.
AuctionsNov 14, 2025
Napoleon’s Diamond Brooch Blows Away Auction Estimates A buyer paid $4.4 million for the piece, which Napoleon wore on his hat for special occasions and left behind when he fled Waterloo.
FinancialsNov 14, 2025
Richemont’s Q2 Jewelry Sales Up 12%Plus, how tariffs and the rising price of gold are affecting its watch and jewelry brands.
Brought to you by
Roseco Releases New Full-Line CatalogRoseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.
CollectionsNov 14, 2025
Piece of the Week: Silvia Furmanovich’s ‘Butterflies in Flight’ Jewelry BoxFurmanovich designed the box to hold Mellerio’s “Color Queen,” a high jewelry collection consisting of 10 rings.
Weekly QuizNov 13, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsNov 14, 2025
JCK Names New Event DirectorJennifer Hopf, who has been with JCK since 2022, will lead the execution of the long-running jewelry trade show.
IndependentsNov 13, 2025
127-Year-Old New Orleans Jeweler to CloseAdler’s Jewelry is set to close its two stores as 82-year-old owner Coleman E. Adler II retires.
Brought to you by
Jewelers of America Aligns New Mission to Create Meaningful Impact for MembersFrom educational programs, advocacy, and recent MJSA affiliation, Jewelers of America drives progress that elevates businesses of all sizes.
IndependentsNov 13, 2025
Green Lake Jewelry Works to Move to New Seattle StudioFounder Jim Tuttle shared how a dedication to craftsmanship and meaningful custom jewelry fueled the retailer’s double-digit growth.
MajorsNov 13, 2025
Vahan Jewelry Founder Leon ‘Sacha’ Der Calousdian Dies at 85The third-generation jeweler is remembered as a passionate creative with a love of art, traveling and sailboat racing.
CrimeNov 12, 2025
Father, Son Jewelers in Chicago Victims in Double Homicide JSA and Cook County Crime Stoppers are both offering rewards for information leading to the arrest of the suspect or suspects involved.
AuctionsNov 12, 2025
‘Mellon Blue’ Diamond Sells for $7M Less Than It Did a Decade AgoA buyer paid $25.6 million for the diamond at Christie’s on Tuesday. In 2014, Sotheby’s sold the same stone for $32.6 million.
AuctionsNov 12, 2025
Historic Rolex Oyster Fetches $1.7M at Sotheby’sMercedes Gleitze famously wore the watch in her 1927 swim across the English Channel, a pivotal credibility moment for the watchmaker.
MajorsNov 10, 2025
Jewelers Focus on Love, Joy In 2025 Holiday Campaigns Tiffany & Co., David Yurman, and Pandora have launched holiday campaigns depicting their jewelry as symbols of affection and happiness.
SurveysNov 10, 2025
5 Things Retailers Should Know About Holiday Shoppers This YearThe National Retail Federation is bullish on the holidays, forecasting retail sales to exceed $1 trillion this year.
AuctionsNov 10, 2025
300+ Colored Diamonds Up for Auction at Christie’sLate collector Eddy Elzas assembled “The Rainbow Collection,” which is offered as a single lot and estimated to fetch up to $3 million.
EditorsNov 07, 2025
Piece of the Week: An MVP’s Sapphire Tennis Necklace At the 2025 World Series, the Los Angeles Dodgers’ Yoshinobu Yamamoto sported a custom necklace made by California retailer Happy Jewelers.
IndependentsNov 07, 2025
Foundrae’s New Palm Beach Location Is a ‘Golden Solarium’The brand’s seventh location combines Foundrae’s symbolic vocabulary with motifs from Florida’s natural surroundings.
FinancialsNov 07, 2025
Watches of Switzerland’s H1 Sales Up 8%The retailer also shared an update on the impact of tariffs on watch customers.
SourcingNov 06, 2025
Pink Tourmaline Bracelet, Emerald Suite Take Top Spectrum Honors Pink and purple stones were popular in the AGTA’s design competition this year, as were cameos and ocean themes.
IndependentsNov 06, 2025
Greenwich St. Jewelers Hosts Raffle Supporting Food RescueAll proceeds from the G. St x Jewel Boxing raffle will go to City Harvest, which works to end hunger in New York City.
IndependentsNov 06, 2025
Cornell’s Jewelers Names New PresidentCourtney Cornell is part of the third generation to lead the Rochester, New York-based jeweler.
SourcingNov 06, 2025
De Beers’ Production, Sales Increase in Q3 De Beers also announced more changes in its upper ranks ahead of parent company Anglo American’s pending sale of the company.
WatchesNov 05, 2025
Shinola President Steps Down Just as He Starts Former Signet CEO Mark Light will remain president of Shinola until a replacement for Ulrich Wohn is found.
AuctionsNov 05, 2025
Taylor Swift’s Engagement Ring Designer Makes Her Auction DebutKindred Lubeck of Artifex has three rings she designed with Anup Jogani in Sotheby’s upcoming Gem Drop sale.
FinancialsNov 05, 2025
Pandora Posts Modest Q3 Sales Growth Amid ‘Weak’ Consumer Sentiment The company focused on marketing in the third quarter and introduced two new charm collections, “Pandora Talisman” and “Pandora Minis.”
FinancialsNov 05, 2025
Brilliant Earth’s Q3 Sales Climb 10%The jewelry retailer raised its full-year guidance, with CFO Jeff Kuo describing the company as “very well positioned” for the holidays.
