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.
Divine Solitaires' Solitaire Festival of India 2026 is set to light up the festive season with exciting rewards and exclusive experiences. Visit Hall 2, Booth 2J 247D at IIJS Premiere 2026 (6–10 Aug, Mumbai), and don't miss the First Weekly Draw & Partner Awards on 9 Aug.
3
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.
