Israel-based Sarin Technologies Ltd., which develops and manufactures technological equipment and software for the diamond and jewelry industry, is purchasing office space in the International Gem Tower (IGT) which is currently under construction in New York's diamond district.

Sarin's Director, Uzi Levami, says the company's intent to obtain offices in the building stems from its long-term goals. "This purchase is in line with Sarin's plans to expand the marketing of its growing product lines and new clarity mapping service offerings for the diamond and jewelry markets. As we currently do not have a New York base, we believe the IGT is an opportunity to position ourselves in the heart of America's primary diamond and jewelry trading hub. Our goal is to expand our client base in the United States and also offer new, revolutionary clarity mapping services to clients that already use our other synergistic products, including diamond and jewelry manufacturers, wholesalers and distributors, gemological laboratories and jewelry retailers," Levami stated.

"We are very pleased with Sarin's decision to purchase offices in the International Gem Tower, securing a prominent location in the New York diamond, gem and jewelry center," IGT partner Joseph Lipton stated. "As one of the forward thinking companies in the diamond and jewelry industry worldwide, Sarin's purchase demonstrates that the leading service providers to the New York diamond and jewelry district will share a single address."

Raizy Haas, Senior Vice President of Development at the 34-storey IGT that is due to be completed in 2012 in the heart of New York's Diamond District, says that more than 100,000 square feet of space in the tower has been purchased, while more than 50,000 square feet is under negotiation.