(NEW YORK) – The International Gemological Institute (IGI) has announced the expansion of its diamond report series to include Spanish and Portuguese language options. As the Hispanic and Latino markets for jewelry continue to grow, IGI felt it vital to ensure grading reports are available in bilingual formats and is the first major worldwide gemological lab to present these specific offerings.
As a testament to IGI’s efforts, recent studies have identified the Hispanic and Latino demographics as key markets for jewelry. Specifically, despite Brazil’s current economic doldrums, industry analysts have seen an increase in consumer purchasing power and expect its economy to show positive performance in the coming years. According to the Jewelry Consumer Opinion Council (JCOC), the overall estimate of the Hispanic jewelry market is approximately $8 billion a year, and Spanish-language cable network, Univision, led ratings for the number one spot on prime time television in the month of July – also speaking to the domestic growth of the Hispanic population.
“Taking into account the current and impending jewelry market growth among Hispanics and Latinos, we saw an opportunity to provide an essential service,” said IGI President and CEO Jerry Ehrenwald. “We are thrilled to equip retailers and consumers alike with the necessary tools to understand their reports and the respective diamond quality.”
Essentially a statement attesting to the authenticity of a diamond, IGI diamond reports provide reliable and accurate information on the diamond’s identity and grade based on the internationally recognized system. As with all IGI diamond series offerings, the bilingual options will include a full-page report, diamond diagram and details on the stone’s characteristics, as per the one internationally accepted system for diamond grading.
For more information, please visit www.igiworldwide.com.