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 within the luxury goods verification sector.
Mumbai, India and New York, USA, February 4, 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 origin reporting. This transaction combines unparalleled global scale and infrastructure with deep scientific expertise, positioning the combined group at the forefront of certification and trust within the global jewelry industry.
The acquisition creates a global platform that merges IGI’s industry-leading market reach with AGL’s pioneering leadership in the colored gemstone sector. IGI and AGL will work together to enhance industry transparency and innovation while upholding the scientific independence and integrity principles that have underpinned both organizations’ growth.
Tehmasp Printer, Managing Director and Global CEO of IGI, stated:
Strategic Alliance: IGI will provide AGL with access to its global infrastructure, helping AGL expand its colored gemstone certification services beyond the US market. For IGI, the transaction diversifies revenue streams by entering 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 lab will continue to operate independently under its respected brand, headquartered in New York. There are no immediate plans for operational changes; both parties will collaborate to develop new tools and origin-tracing services while maintaining existing technical standards.
Educational Leadership: IGI will further strengthen its global training programs by integrating AGL’s specialized scientific knowledge and research methodologies.
Long-term Investment: Supported by Blackstone’s long-term investment strategy, IGI plans to implement a prudent strategy to support AGL’s continued growth and scientific leadership.
Founded in 1977, AGL is a pioneer in US origin reporting, serving leading global luxury brands, auction houses, manufacturers, and private collectors. This transaction strengthens the strategic link 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, served as a strategic advisor for the transaction.