Israeli diamond technology company Sarin has established an American subsidiary in the state of Delaware, the company announced in a press release. The subsidiary, Sarin North America Inc, is owned in its totality by Sarin Technologies Limited, as is intended to be a base for efforts by the company to expand its operations in the United States.



At the start, Sarin North America will issue 1000 shares, which will each be valued at one dollar. The establishment of the subsidiary was paid for with company resources and is not predicted to significantly impact company earnings in 2012.



The directors of the company will be Uzi Mevami, Bill Kessler and David Block, who will serve as chief executive officer, chief financial officer and chief operating officer, respectively.



Sarin produces tools which serve the global diamond industry, including devices which permit retailers and purchasers to quickly assess diamonds that are put up for sale, increasing transparency and consumer confidence.