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IGI Reports Double-Digit Revenue Growth as Demand Surges for Both Lab-Grown and Natural Diamond Certification

Strong performance across all segments boosts Q1 revenue and profit; IGI plans lab expansion and tech upgrades to meet rising demand.

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The International Gemological Institute (IGI) reported robust financial results for the first quarter, driven by increased demand for certification of both lab-grown and natural diamonds. Revenue rose 10% year-on-year to INR 3 billion ($35.8 million) for the three months ending March 31, marking a 15% increase over the previous quarter.

Growth was seen across all certification segments. Loose natural-diamond certification rose 1% year-on-year, accounting for 16% of IGI’s operations. Certification of loose lab-grown diamonds grew 9%, making up the majority of the business at 54%. Grading of natural-diamond jewelry surged 21%, while lab-grown jewelry grading recorded an impressive 87% increase. These segments now represent 21% and 7% of the company’s business, respectively.

Net profit climbed 12% year-on-year to INR 1.41 billion ($16.5 million), and rose 24% compared to the previous quarter.



“The company has seen strong growth momentum across all its segments compared to the previous quarter as well as the first quarter of the last financial year,” said IGI CEO Tehmasp Printer. “Along with our core segments of natural-diamond certification and lab-grown diamond certification, we are also seeing strong demand for certification of natural diamond and lab-grown diamond jewelry, which will further accelerate the growth of our business.”

To support this rising demand, IGI announced plans to expand its laboratory capacity and invest in technology aimed at increasing operational efficiency and reducing turnaround time for services.

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Senco Gold & Diamonds Launches “SHAPE OF YOU”- AI Application for Women’s Day Celebration

A design-led innovation that interprets the language of the face to create a more intuitive and confident jewellery experience — beautifully framing the unique ‘Shape of You’.

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In a world where words often take centre stage, Senco Gold & Diamonds — one of India’s leading pan-India jewellery retailers, with a legacy spanning over eighty-five years of trust — launches the Shape of You AI Application in celebration of Women’s Day. Built on refined karigari, design integrity, and a deep understanding of Indian aesthetics, Senco’s legacy now enters a new era where design intelligence meets personal insight.

Shape of You marks Senco’s first expert-led styling initiative, redefining how customers choose jewellery by aligning it with their unique face shape and natural features. Rooted in the belief that every face is distinct — and so should be the jewellery that adorns it — this innovation seamlessly blends technology with personalised styling. It enables customers to discover designs that genuinely complement their individuality. At its core lies Senco’s understanding that jewellery today is not merely an ornament, but an expression of identity and self.

For decades, jewellery has been chosen to complement what a woman wears. Now, Senco Gold & Diamonds invites women to choose jewellery that complements who they are. Introducing “The Shape of You” — an intuitive styling philosophy powered by technology — reimagining how jewellery is discovered, guided by the unique contours and character of each face. With The Shape of You, Senco Gold & Diamonds moves beyond conventional styling norms, placing the woman — not the trend — at the heart of design. The feature is now available across select Senco Gold & Diamonds showrooms and on the Senco app, offering women a more confident and considered way to choose jewellery.

Commenting on the same Joita Sen, Director & Head of Marketing and Design, Senco Gold and Diamonds, said, “Shape of You as an idea was conceived to enhance personal identity with technology led by design intuition. It is an innovation to help women understand themselves, their shapes better so that they can adorn themselves with jewellery that suits them best. It is an empowerment & personalisation tool for women”.

Commenting on the initiative, Suvankar Sen, MD & CEO, Senco Gold & Diamonds, said: “Often, women instinctively know when a piece of jewellery feels right, even if they cannot explain why. The Shape of You is one of our many technology applications for better customer experience and drive unique service to customers a one of its kind, and first time in jewellery industry”.

This Women’s Day Senco Gold & Diamonds also launched some exciting offers that are available across all our showrooms, which includes special flat discount on per 10gm of gold jewellery buying along (with upto 15% making charges* discount to celebrate women’s day), upto 15% on diamond value & upto 75% off on making charges on purchase of all diamond jewellery, (special offers for all women, girls, etc), upto 15% off on making charges (or MRP as applicable) of silver items (excluding coins) discount of upto 20% on leather items of sennes, etc.

Additionally, Senco Gold & Diamonds website will have online exciting offers for the customers which includes of upto 100% making charges off on buying of gold, diamond and platinum jewellery, on March 08, 2026 (1day offer ONLY).

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