27 Nov 2021
DiamondWorld Directory
-
Home |
News
Home
Fosun Acquires 80% Stake in IGI
IGI’s founding Lorie family will retain a 20 per cent stake in the company.
By: Diamond World News Service
|
Sep 14 2018 11:09AM
|
Reference: 16650  

DecreaseIncrease

Fosun, a Chinese conglomerate, has reportedly agreed to acquire an 80 per cent stake in the International Gemological Institute (IGI). Fosun is keen to bring IGI’s diamond grading expertise to the Chinese market.

Belgium-based IGI is one of the two main organisations that certify diamonds and others gems for their cut, colour, clarity and weight. IGI operates 23 laboratories and schools globally.

Fosun will acquire the stake through Yuyuan, its holding entity for the consumer sector.

The founding Lorie family will retain 20 per cent of the economic interest in IGI. Roland Lorie, CEO,  IGI has been actively managing the business  together with his late father Marcel Lorie and his successive partners Herman, Marc Brauner and Jerry Ehrenwald. Roland Lorie will remain managing the company and help develop and implement future global growth strategies. IGI’s co-chief executive Marc Brauner will leave the group after thirty years, IGI said.

“We are very happy to start this partnership with IGI, which provides us a unique opportunity to work with the diamond community around the world,” Xu Xiaoliang, the co-President of Fosun was quoted by a news report. “We believe IGI is well positioned to bring its gemological knowledge and expertise to emerging markets, including China,” he added.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Search News by City
Recent Issue
2021
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 30141
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 6590
GJEPC Chairman Interview
Views: 26398
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 36286
Promo for IJ Awards 2012 at NDTV Profit
Views: 50229
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 63585
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 20371
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 48224
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 47359
Advertisement
GIA 2021
Advertisement
DW Whatsapp Sub sq
Member of:
Supporter of: