International Gemmological Institute (IGI) India, a leading provider of gemstone and jewelry certification services, has reported robust financial results for the second quarter, demonstrating significant growth across key metrics.

Financial Highlights

IGI India's consolidated net profit for Q2 surged by 63% year-over-year, reaching INR 1.27 billion compared to INR 778.00 million in the same period last year. This impressive growth was driven by strong performance across all business segments, including natural diamonds, lab-grown diamonds, jewelry, and gemstones.

The company's revenue from operations increased by 16% to INR 3.01 billion, up from INR 2.60 billion in the previous year's Q2. This growth was primarily attributed to a 21% increase in certification volumes, which rose to 3.03 million reports during the quarter.

Improved Profitability

IGI India's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed remarkable growth, increasing by 37% year-over-year to INR 1.74 billion. The EBITDA margin expanded significantly, reaching 57.66% compared to 48.77% in the previous year's quarter.

Segment Performance

The lab-grown diamond (LGD) segment emerged as a key driver of growth, with the LGD loose stone segment reporting a 24% year-over-year increase in revenue. The natural diamond (ND) loose stone segment also performed well, registering a 14% growth compared to the same period last year.

Operational Highlights

Total certification volumes for Q2 stood at 3.03 million reports, marking a 21% year-over-year growth. Despite the increased volume, the average realized price (ARP) saw a slight decline of 3% to INR 963.00 per report, primarily due to changes in the product mix within segments.

Management Commentary

Tehmasp Printer, Managing Director and CEO of IGI, commented on the results: "I am happy to report the Company has seen strong growth momentum across all its segments compared to the previous quarter. At IGI, we have gone beyond the traditional 4Cs and have introduced a proprietary 'Light Performance Analysis' which is a scientific assessment that measures how a diamond interacts with light. This provides deeper insight into critical visual attributes—brightness, fire, and contrast—which collectively define a diamond's true 'sparkle'."

Future Outlook

Mr. Printer also highlighted the growing demand for certification of natural diamond and lab-grown diamond jewelry, which he expects will further accelerate the company's business growth in the coming quarters.

About IGI

International Gemmological Institute, backed by Blackstone, is India's largest independent accreditation and certification services provider with a 50% market share. With 31 laboratories and 18 Schools of Gemology in 10 countries, IGI's global presence enables it to capitalize on the ongoing transformation in the gemstone and jewelry industry.

IGI's strong Q2 performance underscores its leading position in the gemstone certification market and its ability to adapt to changing industry dynamics, particularly with the rise of lab-grown diamonds.

International Gemmological Institute , a leading player in the gemstone and jewelry certification industry, has reported a strong financial performance for the first quarter of 2025, alongside growing demand for its certification services.

Financial Highlights

IGI announced its unaudited consolidated financial results for the quarter ended March 31, 2025, showcasing impressive growth:

• Revenue from operations surged to ₹3,047.43 crore, up from ₹2,650.01 crore in the previous quarter.
• Profit before tax increased to ₹1,914.73 crore, compared to ₹1,527.79 crore in Q4 2024.
• Net profit for the quarter stood at ₹1,407.26 crore, a significant rise from ₹1,137.75 crore in the preceding quarter.

Strong Demand for Certification Services

The Managing Director of IGI reported a robust demand for certification services for both natural and lab-grown diamond jewelry. This increased demand is expected to drive significant business growth in the upcoming quarters, aligning with the company's strong financial performance in Q1 2025.

Operational Performance

IGI continues to operate in a single segment of certification of diamonds, gemstones and jewelry, along with related education services. The company's focus on this core competency appears to be yielding positive results, as reflected in its financial growth.

Global Presence

With a network of subsidiaries across various countries, including Turkey, the Netherlands, Israel, UAE, Hong Kong, Thailand, and China, IGI is well-positioned to cater to the global demand for gemstone and jewelry certification services.

Future Outlook

Given the strong start to the fiscal year 2025 and the reported increase in demand for certification services, IGI appears to be on a trajectory for continued growth. The company's ability to capitalize on the rising interest in both natural and lab-grown diamond jewelry certification could be a key driver for its future performance.

As the gemstone and jewelry industry continues to evolve, IGI's role in providing trusted certification services is likely to remain crucial, potentially supporting sustained business growth in the coming quarters.

Investors and industry observers will be keen to watch how IGI leverages this increased demand to further strengthen its market position and financial performance throughout 2025.