Mumbai, November 06th, 2025: International Gemmological Institute (India) Limited (IGI), one of the world’s largest independent grading and accreditation services providers, reported strong performance in the quarter ended September 30, 2025.
The company has reported 21% growth in revenues and 20% growth in EBITDA on a year-on-year basis, driven by strong growth momentum across all its key business segments, viz, natural diamonds, lab-grown diamonds, jewelry and gemstones.
Consolidated revenue from operations for the quarter reported at INR 3,037 Mn and EBITDA at INR 1,763 Mn. PAT for Q3 2025 was reported at INR 1,298 Mn, a growth of 18% on a year-on-year basis.
For the nine months ended September 2025, the Company has reported 15% growth in revenues from operations and 22% growth in EBITDA in 9M Sept 2025 when compared with 9M Sept 2024. EBITDA margins are up from 57% in 9M Sept 2024 to 60% in 9M Sept 2025. The consolidated PAT for 9M Sept 2025 stood at INR 3,971 Mn, registering a 27% increase over 9M Sept 2024, with margins up from 40% in 9M Sept 2024 to 44% in 9M Sept 2025
Tehmasp Printer, Managing Director and CEO of IGI said, “I am happy to report that the Company has delivered 26% growth in report volume this quarter, enabling a 21% growth in revenues.
Despite many macro-economic challenges, the Company has continued to deliver strong revenue growths driven by the festive demand in this quarter, across all categories.
Our core segments of natural diamond certification and lab-grown diamond certification have registered over 25% volume growth in this quarter, with continued momentum seen in the Jewelry segment. We remain confident of delivering a strong Revenue and EBITDA growth for the year in line with the guidance given at the beginning of the year.”
Industry Trends and Strategic Outlook
The global diamond and jewelry industry is undergoing a transformation driven by evolving consumer preferences, technological advancements, and increasing demand for certification. Rising disposable incomes in India, an expanding middle-class, and the growing appeal of diamonds as a luxury investment continue to fuel market expansion.
A significant trend shaping the global industry is the rapid adoption of Lab-Grown Diamonds (LGDs), which are gaining worldwide acceptance due to their affordability and sustainability. As independent certification becomes increasingly essential in ensuring authenticity and quality, IGI’s leadership in this space positions it at the forefront of this evolving landscape.
Furthermore, the demand for certified diamonds, gemstones, and jewelry is expanding beyond traditional markets, reinforcing the need for transparency and trust in the industry. IGI’s multiple service delivery formats—including IGI Labs, In-factory Labs, and Mobile Labs—enhance customer relationships and provide a distinct advantage in this evolving market. By continuing to embrace innovation and expanding its global footprint, IGI is well-positioned to capitalize on emerging opportunities and reinforce its position as the preferred certification partner for the jewelry industry.