Private equity asset management company Blackstone has acquired International Gemological Institute (IGI) from Shanghai Yuyuan Tourist Mart (Group) Co., Ltd., a subsidiary of Fosun, and Roland Lorie, who belongs to the founding family.
Founded in 1975 in Antwerp, IGI is engaged in certification of diamonds, gemstones, and jewellery, with a global footprint of 29 laboratories and 18 schools of gemmology across 10 countries. IGI is the world’s first gemmological laboratory to hold ISO accreditation in both natural and lab-grown diamonds. Since 2005, IGI has pioneered the certification of lab-grown diamonds, paving the authentication and standardisation of a rapidly growing industry.
Mukesh Mehta, a Senior Managing Director in Blackstone Private Equity Group, said: “We are bringing the best of Blackstone to the business – our operational expertise, capabilities in technology, and global track record in building successful businesses to help the company expand its global footprint.”
Haide Hong, a Senior Managing Director in Blackstone Private Equity Group, said: “We have been hugely impressed by the development of IGI under the strong leadership of its management team and with the support of Fosun, and we are excited to partner with IGI to help accelerate its growth trajectory. With its strong brand and reputation of upholding the highest standards of quality and authenticity, IGI is well-positioned to benefit from the increasing popularity of gemology.”
Roland Lorie, Chief Executive Officer of IGI, said: “IGI has had a successful track record for close to 50 years since we founded the company, and we are pleased to entrust Blackstone to take IGI on to its next stage of development. IGI has been a pioneer in developing products adapted to manufacturers, retailers and consumers’ expectations. Under the patronage of Blackstone, we intend to get even closer to the consumer and to grow the business exponentially. The company’s management team is excited to welcome Blackstone and further cement and build upon our market-leading position with the help of Blackstone’s scale, expertise and global network.”
Deutsche Bank, Ernst & Young, Deloitte and Freshfields Bruckhaus Deringer acted as advisors to Yuyuan and Roland Lorie on the transaction. KPMG, Simpson Thacher & Bartlett and Cyril Amarchand Mangaldas acted as advisors to Blackstone.
Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D
⏳ सिर्फ़ 3 दिन बाकी!
💎 Jewellery Business का महाकुंभ – DJGF 2025
650+ Exhibitors | 2500+ Brands | 1.5 लाख+ Designs
500+ Hosted Buyers | देशभर के Retailers & Wholesalers
3 दिन, सालभर की तरक़्क़ी!
13–15 सितम्बर | 📍 भारत मंडपम, नई दिल्ली
👉रजिस्टर करें: https://bit.ly/3vG6SHQ
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
