Archive · 9 Jun 2025
IGI CFO: Lab-Grown Diamonds to Retain Same Grading
Imagine diamonds, but some are made in a lab!
IGI, a company that grades diamonds, says they'll keep giving lab-grown diamonds the same detailed report cards as real ones.
Another company, GIA, is changing how they grade lab-grown diamonds, giving them simpler labels.
IGI's CFO, Eashwar Iyer, says this is important so people get all the info.
IGI makes most of its money from grading lab-grown diamonds, especially in India, and expects to make even more money this year.
The market capitalization of the International Gemmological Institute is around 17,761.76 crore.
IGI will continue to grade lab-grown diamonds using the same standards as natural diamonds.
GIA has changed its grading approach for lab-grown diamonds, using broader labels.
IGI's certification fees for lab-grown diamonds remain stable at approximately $15 per report.
Lab-grown diamonds account for 55-60% of IGI’s revenue.
IGI is aiming for 15-20% revenue growth with healthy operating margins.
- Who
- Eashwar Iyer (IGI CFO), GIA, and the diamond industry.
- What
- IGI to continue grading lab-grown diamonds with same standards as natural diamonds, in contrast to GIA.
- When
- Recently
- Where
- Primarily India
- Why
- To provide in-depth consumer information.
GIA's Stance
IGI's Stance
Grading Methodology
GIA's Stance
GIA will use simpler grading labels like "premium" or "standard".
IGI's Stance
IGI will continue to provide detailed grading using 4Cs for lab-grown diamonds.
- Key Person
- Eashwar Iyer
- Organization
- International Gemmological Institute India
- Industry Segment
- Lab-grown diamonds
- Revenue from Lab-Grown Diamonds
- 55-60%
- Target Revenue Growth
- 15-20%
- Certification Fee (approx.)
- $15
- Market Capitalisation
- 17,761.76 crore