Blackstone buys International Gemological Institute from China's Fosun

Blackstone buys International Gemological Institute from China's Fosun

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon

Private equity company Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China’s Fosun and the company’s founding family.