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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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JB Insights

Asian Laser Redefines Precision In India: Potenza 225 And Fino 100 Welding Machines Powered By Italian Technology

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Asian Laser is one of the leading cutting, engraving, and laser welding companies in India- covering the full dynamism series of laser cutting operations, laser welding systems, Laser marking scale, Laser texturing machine, laser heat treatment systems, laser drilling machines, laser devices, all kinds of support materials, laser processing, and plasma machining tools.

Potenza: Unmatched Precision. Uncompromised Welding Quality.

Potenza 225 is a high-performance compact laser welding machine designed to deliver precision, consistency, and efficiency across jewellery and other applications. Engineered with advanced Italian laser technology, it ensures accurate welding on intricate components while maintaining structural integrity and finish quality.

Its compact build, robust engineering, and intuitive interface make it an ideal choice for modern workshops and manufacturing units seeking reliable and scalable welding solutions.

Fino: Designed for Efficiency in Compact Spaces

Fino 100 is a precision-engineered compact laser welding machine designed for reliable and consistent performance in jewellery and other applications. Developed with advanced laser technology, it ensures controlled energy delivery for accurate welds while maintaining the integrity of delicate components.

Its compact structure, efficient performance, and user-friendly interface make it a practical choice for workshops and manufacturers looking for a dependable welding solution

Driven by continuous Research & development, these machines are specifically engineered for the intricate demands of the jewellery industry and a wide range of other precision manufacturing sectors, providing a compact, energy-efficient solution. This launch brings world-class European engineering standards to local manufacturers, enhancing productivity and quality in the B2B machinery landscape.

Rajesh Patil, Founder- Asian Laser

Potenza and Fino welding machines ensure the finish and quality of every piece of jewellery. This ensures that the jewellery manufacturers using these machines can offer their customers products with global quality standards – and contribute to the Maki in India movement.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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