Editor’s Note
This strategic alliance between IGI and AGL leverages global infrastructure to expand colored gemstone certification services internationally, while diversifying revenue and enhancing research capabilities for long-term growth.
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.
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.
IGI will further strengthen its global training programs by incorporating AGL’s specialized scientific knowledge and research methodologies.
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.
Dev Shetty, Founder & CEO of Jemora Group and former executive of Gemfields and Fura Gems, served as a strategic advisor on the transaction.