• Financial performance: Net profit grew 31% year-on-year alongside a 17% increase in certification volumes and 23% revenue growth, with the base business contributing 20% and the AGL acquisition adding 3%.
• Diamond segment growth: Growth remains primarily driven by volume expansion in lab-grown diamonds, while management targets pushing natural diamond growth from 5–6% up to 8–10% through market share gains.
• Market share breakdown: IGI estimates its market share in natural diamonds at 50–55% in India and 15–20% globally, while maintaining a dominant market-leading position in lab-grown diamonds.
• Gemstone operations expansion: Gemstone certifications offer significantly higher average realizations than diamonds, and the company plans to scale the newly acquired AGL business beyond its single New York laboratory across the next two to three quarters.
• Subsidiary commission costs: The company incurred approximately $1 million this quarter in commissions and revenue-sharing paid to overseas subsidiaries for generating retail client leads graded in India.