International Gemmological Institute (India) Ltd. (IGI) has approved an investment of up to $150,000 to establish a wholly owned subsidiary in the Kingdom of Saudi Arabia, marking a strategic push into a high-growth Middle East market.
The investment will be made through International Gemological Institute FZCO, a step-down wholly owned subsidiary, following board approval on 16 February 2026. The proposed entity will be 100% owned and will operate as a step-down subsidiary of IGI Netherlands BV and IGI India.
The capital infusion will support the launch of certification services for diamonds, gemstones and studded jewellery, along with gemmology education programmes in Saudi Arabia.
The final company name will be determined after regulatory approvals from the Ministry of Investment of Saudi Arabia (MISA), Zakat, Tax and Customs Authority (ZATCA), and the Chamber of Commerce.
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Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
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