International Gemmological Institute IPO Details, Financials, Valuation & Peers

International Gemmological Institute (India) Limited (IGI India) is an independent certification and accreditation services provider specializing in grading diamonds (natural and laboratory-grown), studded jewelry, and colored stones. As part of the globally renowned International Gemmological Institute (IGI) group, IGI India holds a dominant position in the Indian gem and jewelry market, offering comprehensive certification services and gemology education programs. With a robust presence, IGI India operates 20 state-of-the-art laboratories and nine gemology schools across India and Türkiye.

Key Points:

• Market Leadership
  • Largest certification services provider for diamonds, studded jewelry, and colored stones in India, with a 50% market share (CY2023).
  • Global leader in laboratory-grown diamond certification with a 65% market share (CY2023).
  • IGI is the second-largest certification provider of diamonds, holding a 33% market share in CY2023.
• Global Network
  • Operates 31 laboratories and 18 schools of gemology across 10 countries globally under the IGI group.
  • Pioneer in diamond certification, offering the first jewelry identification reports (1980) and laboratory-grown diamond reports (2005).
• Innovative Solutions
  • Developed advanced grading tools such as the Dcheck System, enabling differentiation between natural and lab-grown diamonds.
  • Offers digital solutions, including API integration and QR-based grading report access, enhancing transparency and customer engagement.
• Comprehensive Offerings
  • Diamond grading services covering 4Cs (cut, color, clarity, and carat weight) with advanced assessments.
  • Grading of colored stones and studded jewelry for authenticity, craftsmanship, and value.
  • Education programs through IGI Schools of Gemology, fostering industry knowledge and professional development.
• Strategic Initiatives
  • In-factory laboratory setups for laboratory-grown diamond growers to deliver on-site certification services.
  • Mobile laboratories to offer flexible and convenient grading services.
• Operational Excellence
  • Supported by a team of 843 employees, including 316 gemologists, ensuring quality and accuracy.
  • Strong focus on R&D in gemology, driving innovation in grading techniques and certification processes.
• Customer Base
  • Diversified clientele of over 7,500 customers globally, including leading jewelry brands and retailers.
  • Serves 9 out of the top 10 jewelry chains in India and several laboratory-grown diamond growers.