TechBuzz
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.
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.
TechBuzz
K. Srinivasan Unveils Doit Coimbatore Experience Centre
The Doit Coimbatore Experience Centre Is A Dedicated Hub Designed To Drive Technical Excellence Across The Region’s Jewellery Manufacturing and Precision Metal Finishing Industries.
The Doit Coimbatore Experience Centre was officially inaugurated on Thursday, October 15, 2026, with Chief Guest K. Srinivasan, CMD- Emerald Jewel Industry India Limited doing the honours. Representing Doit Industries Limited was the CEO Bhavik Shah.
The Doit Coimbatore Experience Centre is a dedicated hub designed to drive technical excellence across the region’s jewellery manufacturing and precision metal finishing industries. This expansion strengthens Doit Industries commitment to bringing advanced jewellery manufacturing machinery, electroplating and electroforming technologies, innovative finishing solutions and expert technical support closer to the jewellery industry in South India.
Greater adoption of modern machinery, advanced surface-treatment processes and innovative finishing techniques can help position India as a preferred global hub for high-quality, design-led and export-oriented jewellery manufacturing.
Doit Industries Limited, a manufacturer of premium jewellery-making machines, chemicals, and jewellery plating and polishing solutions, is supporting the evolution of modern jewellery manufacturing through innovative, Made-in-India technology.
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