International Gemmological Institute (IGI) has acquired American Gemological Laboratories (AGL). This acquisition aims to combine IGI’s global scale with AGL’s expertise in colored gemstones. Chris Smith will remain President and Chief Gemologist of AGL. The goal is to create a global certification platform enhancing trust and transparency in the gem and jewellery industry. AGL’s turnover for FY24 stood at USD 3.85 million.
Strategic Acquisition
International Gemmological Institute (IGI) has acquired American Gemological Laboratories (AGL) to expand its global footprint in colored gemstone certification. The deal was announced on January 31, 2026. This combines IGI’s scale with AGL’s expertise. The goal is to provide enhanced trust and transparency within the gem and jewellery sector.
Leadership and Operations
Chris Smith will continue as President and Chief Gemologist of AGL. AGL will remain headquartered in New York, operating independently. Both organizations will maintain their technical standards and client service levels while collaborating on new tools and services. IGI will also strengthen its global education programs in colored gemstones, incorporating AGL’s specialized knowledge.
AGL Financials
AGL’s turnover for the past three fiscal years is as follows:
- FY 2022: USD 2.95 million
- FY 2023: USD 3.10 million
- FY 2024: USD 3.85 million
Rationale
This acquisition creates a global certification platform that combines IGI’s scale and infrastructure with AGL’s scientific expertise in colored gemstones. It expands IGI’s addressable market, diversifying revenue streams and supporting long-term growth.
Source: BSE
