What we do International Gemmological Institute (India) Limited provides certification and accreditation services for natural and lab-grown diamonds, jewelry, and colored stones, alongside educational programs. |
Founded in 1,999 |
Market share Holds 33% global market share in diamond certification, leading in lab-grown diamond certification with 65% share in FY2023. |
Problem solved Ensures authenticity, quality, and differentiation between natural and lab-grown gems, fostering trust and transparency in the gem industry. |
Top clients or who we serve Serves diamond growers, wholesalers, jewelry manufacturers, retailers globally across B2B and B2C segments. |
Key management Mr. Tehmasp Nariman Printer (MD & CEO) with 25+ years in IGI; strong board including former PwC partner and industry veterans. |
Our journey and innovations Founded in Belgium 1975; introduced world's first jewelry ID report (1980), first certification for lab-grown diamonds (2005), and Dcheck system (2018). |
Where we operate Operates 31 branches and laboratories across 10 countries with 18 gemology schools in 6 countries. |
Top products or what we offer Certification for natural and lab-grown diamonds, studded jewelry, colored stones, and gemmological education programs. |
Top brands IGI Certification - market leader in diamond and jewelry authentication; IGI Schools of Gemology - key talent pipeline. |
Raw materials needed Not applicable; service-based company. |
Raw materials supplier Not applicable. |
Recurring vs cyclical contribution Revenue is largely recurring through certification services and educational programs. |
Our industry position World’s second-largest independent certification provider with leadership in lab-grown diamond segment. |
Financial highlights FY 2024 consolidated revenue: Rs. 1053 crore; PAT: Rs. 427 crore; 17% revenue growth, 29% profit growth. |
Geographical revenue split In FY 2024, 74% revenue from India, 26% from international markets. |
Order book Not specifically applicable to certification services. |
Whats driving growth Increasing demand for lab-grown diamonds, global jewelry market expansion, and industry certification requirements. |
Our future plans Investing in capacity expansion, global acquisitions, and enhancing digital certification technologies. |
Our green promise Committed to sustainability with digital reporting reducing paper use; supports ethical sourcing in the gem industry. |
Our people and values Diverse global workforce with focus on integrity, innovation, and professional education. |
Key challenges ahead Market competition, technological disruption, and maintaining certification trust and accuracy. |
Interesting facts Pioneer in lab-grown diamond certification and first to issue comprehensive jewelry ID reports globally. |
Risks and strategy Risks include industry downturn and regulatory changes; mitigated by market leadership and diversified service offerings. |
