Consultation paper to standardise certification process.
Mentions compulsory certification for any type of Diamond.
Should reduce the risk of retailers dropping certification for low ticket size jewellery.
This is an old article, published in November 24
For IGI in the Q4. standalone, the revenue grew by 3% YOY. This was due lower realization per certificate, due to falling price of LGD and so the volume growth was much better. But inspite of this their Ebitda margin goes up by 600 bps YOY and their EBITDA grew much faster by 10%.
Cant understand this. Any anybody explain pls ?
Call recordings can be find here.
Any idea why stock hitting lower circuit daily ? almost 52% down from 52week high ?
Sorry it is the recording of last Dec Q4 and year ended 2025:
It’s is not today’s recording
It’s not available for retail investors & will never be… @hk72
Amit jeswani, stallion asset PMS sold most of their IGI stock.
He was so bullish with “Kohinoor” when price was hitting sky roof and suddenly everything is position at risk !!
Saw their ad on TV
Seems like they are going full force about educating customers regarding certification
When the management themselves are stating that they will grow at 15-20% over the next 3-5 years, there isn’t much reason for optimism.
A growth rate of 15% means the stock would double in five years. This raises the question: are you unable to find companies that are projecting and delivering better growth than 15-20%? I’m certain there are many options available on this forum with superior results, guidance, and execution, one such thread is here
So why remain invested in IGI? Hope Investing? High ROE, High ROCE, Market Leader, Dividend bhi de raha hai, But Growth kaha hai?
The stock is currently at 300, which means that even if your average purchase price is around 500, the stock would need to increase by 65-70% just to reach your buy price. With a growth rate of only 15%, I personally don’t see that happening anytime soon with this type of guidance.
Sab retailers/mutual funds kohinoor and diamond ki chamak me sapne lete reh gaye, saara maal Blackstone bana gaya.
In the current market situation, protecting capital is more important than seeking capital appreciation.
Disc: Got 2 lots in IPO, exited at 560-580 levels with 1 lot each and chilling with 40% cash levels
0.5 Carat Diamond Prices This falls as fast as equity 
I reserve the right to be wrong, but there’s no way people are going to buy diamonds without certification. Even if they do initially, it’s only a matter of time before fakes flood the market and people realize the need for certification.
Can’t deny,
Won’t deny !
Isn’t there a high probability that the businesses they are selling to are also getting their products certified by IGI eventually? Since IGI is more affordable than GIA while still being trustworthy, it’s likely that the majority of them opt for it, even if not all do.
