Editor’s Note
This acquisition unites two leading gemological authorities, combining IGI’s global diamond certification network with AGL’s specialized expertise in colored gemstones. The move signals a significant consolidation in the luxury goods verification sector, aiming to provide comprehensive services across the entire gemstone market.
MUMBAI, India and NEW YORK, Feb. 3, 2026 /PRNewswire/ — The International Gemological Institute (IGI), one of the world’s largest and most trusted independent diamond grading and certification organizations, today announced the acquisition of American Gemological Laboratories (AGL), a global leader in colored gemstone analysis and provenance reporting. The transaction brings together unmatched 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-leading market reach with AGL’s pioneering leadership in colored gemstones. Together, IGI and AGL will deliver enhanced transparency and innovation while preserving the scientific independence and integrity that underpin both organizations.
Tehmasp Printer, Managing Director and Global CEO of IGI, stated the above.
Strategic Alliance: IGI will provide AGL access to its global infrastructure, thereby providing AGL with the opportunity to expand its colored gemstone certification services beyond the U.S. market. For IGI, the transaction diversifies revenue streams into the fast-growing colored gemstone segment and supports long-term growth through expanded research capabilities.
Business Continuity: Chris Smith will continue as President and Chief Gemologist of AGL. The laboratory will remain headquartered in New York, operating independently under its respected brand. No immediate operational changes are planned; both organizations will continue to deliver the same technical standards while collaborating on new tools and provenance services.
Education Leadership: IGI will further strengthen its global training programs by incorporating AGL’s specialized scientific knowledge and research methodologies.
Long-Term Investment: Supported 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 leading luxury brands, auction houses, manufacturers, and private collectors worldwide. The transaction strengthens strategic linkages between the U.S.—the world’s largest market for fine jewelry—and India, a global hub for gemstone manufacturing.
Christopher Smith, President and Chief Gemologist of AGL, added the above.
Dev Shetty, Founder & CEO of Jemora Group and former executive of Gemfields and Fura Gems, served as a strategic advisor on the transaction.
