New Delhi, Feb 8 (KNN) The International Gemological Institute (IGI), the world's largest independent gem certification and appraisal institute has issued over 24 lakh certificates for Diamond Jewellery in 2018, higher than in previous years.

In the statement issued, IGI said that its labs in India had certified over 24 lakh pieces of diamond jewellery in 2018.

It added that this was higher than in previous years, indicating that Indian consumers are now more informed and conscious about the importance of having certificates issued by a reputed international authority.

An internal research conducted by IGI also projects a healthy growth rate over the next two years with global sales of Indian jewellery expected to reach €250 billion by 2020.

Reporting that over 1,000+ IGI-certified new designs were unveiled at a recent Buyer-Seller Knowledge Meet in the country by prominent diamond jewellery manufacturers, IGI said that in the coming years, Indian designs are sure to make their mark in international markets.

Managing Director of Tehmasp Printer, IGI-India, said, “The year 2018 has witnessed a paradigm shift in the preference for diamond jewellery among consumers.The increase in India’s overall rate of purchasing power has proved to boost the sale of fine diamond jewellery.”