“IGI has spearheaded the certification of natural diamonds, lab-grown diamonds, and colored stones, becoming a global market leader and providing confidence to manufacturers, retailers, and consumers around the world,” said Mukesh Mehta, a Senior Managing Director in Blackstone Private Equity Group. Martin, MD Fritz Henry Volmar, MD Imran L. India’s jewellery market was worth is $78.5 billion in the 2021 financial year and its one of the world’s biggest, though a significant portion goes for export. 5105 North Glen Park Place Road Peoria IL 61614 Accepting New Patients Hours may vary during holidays. The majority of the laboratories are in India. The statement said it had purchased an 80% stake from Fosun and 20% from the Lorie family.īlackstone declined to comment on the valuation.įounded nearly 50 years ago by the late Marcel Lorie, IGI has 29 laboratories and 18 schools of gemology in 10 countries. All Companies OSF HealthCare (7) Courtyard Peoria (2) Illinois State University (2) Foth (2) Aimbridge Hospitality (2) DocCafe (2) OSF Healthcare System (2) OSF Medical Group Peoria, Illinois (1) Michael Baker International (1) OSF Saint Paul Medical Center (1) Associated Anesthesiologists, S.C.

MUMBAI (Reuters) – Private equity giant Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China’s Fosun and the company’s founding family.īlackstone acquired IGI- whose majority revenue and profits come from India- for about $530 million, said a person with direct knowledge of the matter.

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