International Gemmological Institute (India) Ltd has announced plans to incorporate a wholly owned subsidiary in Saudi Arabia. The move is part of IGI’s global expansion strategy, strengthening its presence in the Middle East. The subsidiary will focus on gem certification, grading, and education services, aligning with Saudi Arabia’s growing jewelry market.
International Gemmological Institute (India) Ltd (IGI), one of the world’s largest independent diamond and gemstone grading organizations, has revealed its decision to establish a subsidiary in Saudi Arabia. This strategic expansion underscores IGI’s commitment to strengthening its footprint in the Middle East, a region witnessing rapid growth in luxury jewelry demand.
The new subsidiary will provide gem certification, grading, and gemological education services, ensuring adherence to IGI’s global standards of accuracy, transparency, and consumer trust. With Saudi Arabia’s jewelry sector expanding under Vision 2030, IGI aims to support local retailers, manufacturers, and consumers with internationally recognized gemological expertise.
Key Highlights
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Company: International Gemmological Institute (India) Ltd
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Expansion: New subsidiary to be incorporated in Saudi Arabia
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Focus Areas: Gem certification, grading, and education services
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Strategic Context: Strengthens IGI’s global presence in the Middle East
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Market Impact: Supports Saudi Arabia’s growing jewelry and gemstone industry
This move positions IGI to play a pivotal role in Saudi Arabia’s luxury market transformation, enhancing consumer confidence and industry credibility.
Sources: MarketScreener, IGI Official Announcements