On May 20th, Yuyuan Inc. (stock code: 600655.SH) announced in a statement that it will sell 100% equity of IGI (International Gemological Institute) Group to a private equity fund under Blackstone Group, along with the Roland Lorie family, for approximately $569 million. The transaction includes the 80% equity stake of Yuyuan Inc., valued at approximately $455 million.
IGI, headquartered in Belgium, is a globally renowned organization with a 48-year history in gemstone education and diamond certification. Over the years, IGI has established a strong presence in professional gemstone i …
