The Indian arm of the International Gemological Institute (IGI) plans to use some of the proceeds from its initial public offering (IPO) to acquire the rest of the global business from its overall owner, an affiliate of Blackstone. This appears to reflect a shift toward India as the center of the grading lab’s operations, reports Rapaport’s Joshua Freedman.
Stay up to date by signing up for our diamond and jewelry industry news and analysis.
