IGI Expands Global Presence with AGL Acquisition

The International Gemological Institute (IGI) has announced its acquisition of American Gemological Laboratories (AGL), enhancing its capabilities in colored gemstone certification. This strategic move combines IGI's extensive market reach with AGL's expertise in colored gemstone analysis and provenance.

IGI's CEO, Tehmasp Printer, highlighted that this acquisition is a transformative step for the industry. It aims to set a global benchmark for consistency in gemstone certification, integrating AGL's scientific leadership with IGI's platform.

AGL will benefit from IGI's global infrastructure, allowing it to expand beyond the U.S. Chris Smith will continue leading AGL, maintaining its operations in New York. This acquisition is supported by Blackstone's long-term investment strategy, ensuring continuous growth and innovation for both entities.