US-based private equity firm Blackstone has purchased the International Gemological Institute (IGI) for US$569.65 million – a move that the investment company said would support IGI's continued expansion.
Making the Right Choice: GIA vs IGI Certified Diamonds
GIA certified diamonds have been the industry standard because of their reputation for providing the most accurate and consistent grading reports. Their quality and reliability have made GIA a solid choice for decades.
Net profit grew from ₹171 crore in CY21 to ₹325 crore in CY23, and it achieved a net profit of ₹326 crore in the first nine months of CY24 alone. This impressive growth is a testament to IGI India's operational excellence and strategic market positioning.
IGI is one of the most recognized diamond grading institutions. Its diamond-grading report carries value. Whether lab grown or natural diamonds, a certificate from IGI can make customers' diamond-buying process easy, faster, and full of confidence.
Blackstone acquired the International Gemmological Institute (IGI)
Why is IGI stock falling?
Concerns Over Growth and Profitability
While these numbers indicate strong year-on-year (YoY) growth, market sentiment has shifted due to concerns about the company's future. A key factor weighing on the stock is IGIL's recent acquisition of IGI Belgium and IGI Netherlands for Rs 13.5 bn.
Gia's attitude and beauty help her rise quickly to the forefront of the modeling industry. However, her persistent loneliness, especially after the death of Wilhelmina, drives her to use mood-altering drugs such as cocaine and heroin.
Unfortunately, GIA and IGI reports are able to be faked as well. There's been talk on different jewelry communities about how sellers can design GIA diamond dossiers and other reports. They can even match other diamond report numbers so it looks legitimate when you try to match the report number on the GIA site.
Choosing between GIA and IGI certification ultimately depends on your personal preferences and budget. If you desire to purchase a diamond from the most trusted diamond grading organization with the strictest policies, GIA is the better option due to its consistency and higher resale value.
Tehmasp Nariman Printer is the Managing Director and Chief Executive Officer of our Company. He holds a bachelor's degree of science in physics from Guru Nanak Khalsa College of Arts, Science and Commerce, University of Mumbai.
China Investment Corporation, China's sovereign wealth fund, has sold its stake in Blackstone Group, the American private equity giant, the latter said in a recent filing. The fund, known as C.I.C., did not disclose a reason for the sale, and neither side disclosed how big it was.
In January 2021, Blackstone acquired a majority shareholding in Bourne Leisure, a UK holiday and leisure company that owns Butlin's, Haven Holidays, and Warner Leisure, for £3 billion.
IGI offers long-term play for investors keen on niche biz. Investors interested in investing in a niche business with high entry barriers may consider investing in the issue with a long-term horizon. The company's revenues grew at a CAGR of 32.3% from ₹365 crore in FY22 to ₹638 crore in FY24.
IGI and GIA are two of the most reputable and widely recognized diamond certification organizations in the world. Both IGI and GIA provide diamond grading reports that offer information about a diamond's quality and characteristics.
Should you invest in IGI's IPO? With its strong global presence, leadership in the diamond certification market, and robust financial performance, IGI presents a compelling investment opportunity.
Go with IGI if you're working within a set budget, or buying in a region where IGI is more commonly used. Their reports are reliable and widely accepted. However, it's worth noting that IGI's grading can be slightly more generous in areas like color and clarity.
GIA charges higher certification fees than IGI, increasing overall costs. GIA's stricter grading standards often result in lower grades compared to IGI, making IGI-certified lab-grown diamonds look more appealing on paper. IGI dominates the lab-grown diamond industry, making it the default choice for most retailers.
No! Just like other businesses around the world, Gemporia experienced a tough financial year last year. The impact of various global issues has left many industries feeling the pinch, including ours – but rest assured we are still fully operational and consistently thriving!
At TJC, finally, you've found what you've been looking for: TJC is a one-stop destination to buy rare carat weight genuine gemstones crafted by experienced artisans.
Our Channels. The Gemporia journey began in 2004 when Steve Bennett and family set up our first gemstone channel, known then as Gems TV. From the very beginning, the business was built around teamwork, with people at the heart of every decision, every day. Gemporia is very proud to be an employee-owned company.
