can you explain this in simple language?
Technically I see a bottom has been made at 287 levels.
Overall sentiment has been improved and now if we can get an clarity on titan outsourcing from IGIL it can add value to the company.
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I feel people are getting a bit confused here. Titan is not a recognised diamond certification laboratory so if they want to sell certified diamonds, they will have to take services from labs such as IGI or GIA (they provide GIA certificates for solitaire natural diamond jewelry). However, based on my recent BeYon store visit, I understood that Titan has adopted a route of selling non-certified LGD diamond jewelry - they give customers a âTata promiseâ certificate which, in all due respect has no value. They have chosen to sell LGDs at significantly cheaper rate as compared to other brands in the market and in order to maintain margins they might have decided to remove the certification cost. They do not even provide exchange / buyback on LGD diamond value bought from BeYon. So, it seems to be a very remote possibility that IGI will get LGD certification business from Titan. Hope this helps
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This move of theirâs perhaps may backfire. By doing such, they might want to show that LGDâs are just a copy (which in reality isnât). Their higher management first speaks inferior of LGDâs and now this.
Apna market badhana ho toh pehle competition ko khatam karo.
Verbal promises are like promises done during elections (no-one cares)
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On recent PNGS Gargi call on Friday 13th Feb , Mr Amit Modak who is not only director of the company but also holds position of CEO of PNG & Sons as well CEO and Whole time director of of Reva Diamonds (IPO on 24th Feb ), mentioned that very shortly Diamonds word would not be allowed to used by Lab grown Diamonds guys in their sales literature. They can use word like LGD or Stone (not even precious stone) . BIS notification is coming very shortly. This can have huge ramifications for LGD players as well as certification guys like IGI.
Misleading. Lab-grown diamonds can use the word âdiamondâ but with the qualifier âlaboratory-grownâ or âlaboratory-createdâ
The Bureau of Indian Standards (BIS) issued IS 19469:2025, which took effect January 1, 2026
The approved terms for LGDs are -
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âlaboratory-grown diamondâ
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âlaboratory-created diamondâ
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âsynthetic diamondâ
The regulation was pushed by the Natural Diamond Council and GJEPC, groups representing natural diamond interests. The standard is currently voluntary but expected to become legally enforceable within 3 years . Itâs not an immediate ban on the word âdiamondâ for lab-grown stones they just canât use it standalone without the qualifier, which is fair marketing.
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