Blackstone picks up International Gemological Institute

IGI is an independent lab for testing and grading gemstones and fine jewellery.

  • Shanghai Yuyuan Tourist Mart and Roland Lorie are the sellers
  • Blackstone is an alternative asset manager based in New York
  • The firm has $991bn of assets under management

Blackstone has acquired International Gemological Institute (IGI), an independent lab for testing and grading gemstones and fine jewellery, from Shanghai Yuyuan Tourist Mart, a subsidiary of Fosun, and Roland Lorie, who belongs to IGI’s founding family.

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