International Gemmological Institute (India) Limited (IGI India) has announced the successful completion of a significant global acquisition through its step-down wholly owned subsidiary, International Gemological Institute Inc. (IGI USA). The transaction involves the 100% shareholding acquisition of AGL Holdco Inc., which includes the indirect acquisition of American Gemological Laboratories LLC (AGL) from sellers Christopher P. Smith and Helene Smith. Effective February 10, 2026, AGL Holdco Inc. and American Gemological Laboratories, LLC have officially become step-down wholly owned subsidiaries of IGI India.

This strategic move follows a prior intimation made on January 31, 2026, regarding the board’s approval for fund infusion and investment. The acquisition was executed through a multi-layered subsidiary structure where IGI India invested in its wholly-owned subsidiary, IGI Belgium, which in turn funded IGI USA to complete the takeover of the New York-based AGL. American Gemological Laboratories is a premier colored stone certification laboratory, and this integration is expected to bolster IGI’s presence in the high-end gemstone grading and appraisal market.

IGI India operates as a leading independent certification provider, commanding approximately a 50% market share in the Indian gemstone grading industry. The company provides grading and appraisal services for natural diamonds, lab-grown diamonds (LGD), and colored stones through a global network of 31 laboratories and 18 schools. Recent updates from 2025 highlight the company’s aggressive expansion into the LGD sector, which saw a 32% growth in jewelry certification volumes during the first nine months of the year. Furthermore, the company successfully utilized approximately ₹1,300 crore from its 2024 IPO proceeds to acquire the IGI Belgium and Netherlands groups, streamlining its global operations.

For the quarter ended December 31, 2025, IGI India reported a total income of ₹331.05 Crores, representing a 4.69% growth over the preceding September 2025 quarter and a 19.57% increase compared to the corresponding quarter of the previous year. The consolidated Profit After Tax (PAT) for the same period stood at ₹134.55 Crores, reflecting an 18.26% year-on-year growth. A notable famous investor in the company is Blackstone, which maintains a significant backing through the promoter entity BCP Asia II TopCo Pte. Ltd., holding a 76.55% stake as of December 2025.