Dear All:
I am writing to share an important update regarding American Gemological Laboratories (AGL). A copy of the related press release is linked here , should you wish to review the announcement in more detail.
AGL has entered into an agreement to be acquired by the International Gemological Institute (IGI), one of the world’s largest and most trusted independent diamond grading and certification organisations. IGI is a listed company in India and is backed by Blackstone, the world's largest alternative asset manager, whose support has helped IGI strengthen its global capabilities, governance, and infrastructure over time.
I want to personally assure you that this development has been carefully considered with the long-term interests of AGL, our clients, and the broader coloured gemstone community in mind. Through IGI, AGL will gain access to a global infrastructure, strategic resources, and markets where we are not currently present. Together, we believe this combination will accelerate AGL’s growth in the coloured gemstone sector while preserving the values and standards that define our work.
Most importantly, AGL will continue to operate independently, under the AGL name, from our headquarters in New York. Our scientific methodology, reporting standards, and commitment to independence remain unchanged. I will continue to serve as President and Chief Gemologist of AGL, and the team you work with today will continue to serve you with the same care, rigour, and attention to detail you have come to expect.
This transaction is intended to support AGL’s future, not to change its foundation. It brings together unmatched global scale and infrastructure with the deepest scientific expertise in coloured gemstones, positioning the combined group at the forefront of certification & trust in the global gem and jewellery industry. This long-term investment approach provides additional strength and stability to support AGL’s continued growth, investment in science, and commitment to excellence.
My new business partner - Tehmasp Printer, Managing Director and Global Chief Executive Officer of IGI, also joins me in letting you know that this is a transformational step for the industry. By combining AGL’s scientific leadership in coloured gemstones with IGI’s global platform, we are building a future-ready certification ecosystem that delivers scale without compromising integrity or science. Together, we are setting a new global benchmark for trust, transparency and consistency in gemstone certification.
For our clients, this means continuity first — and opportunity over time. There will be no changes to how we operate, how we report, or how we engage with you. Any future developments will be guided by AGL’s longstanding principles of scientific excellence, transparency, and trust.
We are grateful for the confidence you place in AGL and for the relationships we have built over decades. Should you have any questions, please do not hesitate to reach out to me or any member of the AGL team.
Thank you for your continued trust and support.
Warm regards,
Christopher Smith
President & Chief Gemologist
American Gemological Laboratories (AGL)
New York, USA
