Editor’s Note
This strategic acquisition unites two leading forces in gemological science, merging IGI’s global diamond certification network with AGL’s specialized expertise in colored gemstones. The move signals a significant consolidation aimed at enhancing trust and comprehensive verification across the entire jewelry sector.
The International Gemological Institute (IGI), one of the world’s largest and most trusted independent diamond grading and certification organizations, announced the acquisition of American Gemological Laboratories (AGL), a global leader in colored gemstone analysis and provenance reporting. The transaction combines unparalleled global scale and infrastructure with deep scientific expertise, positioning the combined group at the forefront of certification and trust in the global jewelry industry.
The acquisition creates a global platform that combines IGI’s industry leadership with AGL’s pioneering leadership in colored gemstones. Together, IGI and AGL will offer greater transparency and innovation, while preserving the independence and scientific integrity that underpin both organizations.
Tehmasp Printer, Global Managing Director and CEO of IGI, stated.
Chris Smith will continue as President and Chief Gemologist of AGL. The laboratory will maintain its headquarters in New York and operate independently under its prestigious brand. No immediate operational changes are anticipated; both organizations will continue to offer the same technical standards while collaborating on the development of new provenance tools and services.
IGI will further strengthen its global training programs by incorporating AGL’s specialized scientific knowledge and research methodologies.
Backed by Blackstone’s long-term investment approach, IGI intends to apply a disciplined strategy to support AGL’s continued growth and scientific leadership.
Founded in 1977, AGL pioneered country-of-origin reporting in the United States and serves major luxury brands, auction houses, manufacturers, and private collectors worldwide. The transaction strengthens strategic ties between the United States, the world’s largest fine jewelry market, and India, a global hub for gemstone manufacturing.
Christopher Smith, President and Chief Gemologist of AGL, added.
Dev Shetty, Founder and CEO of Jemora Group and former executive of Gemfields and Fura Gems, acted as a strategic advisor on the transaction.