The International Gemmological Institute (India) Ltd. (IGI) is set to strengthen its presence in the Middle East with a planned investment of up to $150,000 to establish a new subsidiary in Saudi Arabia.
Cleared by the board on 16 February 2026, the move will be executed through International Gemological Institute FZCO, making the proposed entity a step-down wholly owned subsidiary under IGI Netherlands BV and IGI India. The Saudi arm will be fully owned and positioned to serve the region’s growing appetite for professional gem and jewellery services.
The investment will fund the rollout of diamond, gemstone and studded jewellery certification services, alongside gemmology education initiatives designed to support local industry development.
The company’s final name will be confirmed after securing approvals from the Ministry of Investment of Saudi Arabia (MISA), the Zakat, Tax and Customs Authority (ZATCA), and the Chamber of Commerce.