Tehmasp Printer to Replace Roland Lorie as IGI CEO

August 8, 2023
Anthony DeMarco

International Gemological Institute (IGI) global CEO Roland Lorie will step down after nearly five decades with the Antwerp-based gemological organization.

He will be replaced by Tehmasp Printer, effective October 1, the institute said Monday.

The move follows the acquisition of the International Gemological Institute by private equity company Blackstone in May from the Lorie family, which founded the organization in 1975.

Printer has been with IGI for 24 years, most recently as managing director of IGI India. He was instrumental in introducing IGI’s grading and certification practices to India’s gemstone and jewelry industries, the organization said.

Roland Lorie. (IGI)

“Selecting Tehmasp as the new leader of IGI was effortless — he has been with IGI for more than two decades and knows the business inside and out. He brings a commitment to excellence and innovation that can help propel the company into its new chapter,” Lorie added. “I feel it’s the perfect time to pass on the baton to new leadership.”

Printer said he was “honored to take on this new role, working closely with IGI’s management team and Blackstone to continue to support the growth of IGI’s footprint and technological capabilities. Roland and the Lorie family have left a lasting legacy for the business.”