IGI Share Price Hit 5% Lower Circuit: 3 Month Shareholder Lock-In Ends on March 18

On March 18, 2025, International Gemmological Institute shares (IGI shares) will be in focus as its 3-month shareholder lock-in period ends. However, it is worth noting that the end of the shareholder lock-in period does not mean that all the shares will be sold in the Open Market but they only become eligible to be traded

Management Take on Business Performance 

In an interview with CNBC-TV18, the management of the International Gemmological Institute stated that they expect volume growth to exceed 20% in 2025, with revenue growing at a Compound Annual Growth Rate (CAGR) of 15% to 20% over the next five years. The management also mentioned that they do not foresee any downside risk to margins at current levels and that they have increased the average size of the Lab Grown Diamonds they certify.

Tehmasp Printer, Managing Director and CEO of IGI said, “IGI’s strong financial performance in 2024 reflects our commitment to excellence and leadership in the global diamond certification industry. With a 33% global market share in diamond certification and 65% in lab-grown diamonds, we continue to expand our presence and enhance our service offerings. The successful acquisition of IGI Belgium and IGI Netherlands further strengthens our global footprint, allowing us to serve an even wider customer base. As we celebrate IGI’s 50th anniversary, we remain dedicated to innovation, accuracy, and trust in the jewellery certification ecosystem.”

IGI Share Price Performance

On March 18, 2025, IGI share price opened at ₹288.70 and hit a 5% lower circuit. IGI shares reached a post-listing high of ₹642, but have since been on a downward trend. The stock has dropped by almost 55% from that peak, reaching its lowest point of ₹282 since the listing. It is also down around 30% from its IPO price of ₹417.

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