International Gemmological Institute (India) Limited has announced a strategic acquisition that will significantly expand its presence in the colored gemstone certification market. The company's board of directors approved the acquisition of AGL Holdco Inc and its subsidiary American Gemological Laboratories (AGL) through step-down subsidiary IGI USA on January 31, 2026.

Transaction Structure and Financial Details

The acquisition involves IGI USA purchasing 100% stake in AGL Holdco Inc from sellers Christopher P Smith and Helene Smith. The total consideration amounts to USD 13.2 million, structured as follows:

The transaction is expected to complete within 2 months and does not require any governmental or regulatory approvals. Following completion, AGL Holdco will become a wholly-owned subsidiary of IGI USA and a step-down subsidiary of IGI Belgium and IGI India.

Target Company Profile

American Gemological Laboratories, founded in 1977 and headquartered in New York's gem and jewelry district, specializes in comprehensive colored gemstone analysis. The company has demonstrated consistent growth in recent years:

*Based on tax returns

AGL is recognized as a pioneer in the colored gemstone industry, being the first gemological laboratory in the USA to issue country-of-origin reports and the first globally to quantify colored stone quality in a comparative manner. The company provides detailed identification and enhancement reports, country-of-origin reports, and complete colored stone analysis documents for gems of unique importance.

Strategic Rationale and Business Impact

The acquisition creates a comprehensive global certification platform combining IGI's industry-leading scale and infrastructure with AGL's specialized expertise in colored gemstones. Key strategic benefits include:

• Market Expansion: IGI gains access to the fast-growing colored gemstone segment and expands its addressable market
• Revenue Diversification: The transaction diversifies IGI's revenue streams beyond its traditional diamond certification business
• Global Reach: AGL will gain access to IGI's global infrastructure to expand colored gemstone certification services beyond the US market
• Scientific Excellence: The combined entity will leverage AGL's deep scientific expertise and pioneering leadership in colored gemstones

Operational Continuity and Leadership

Christopher Smith will continue as President and Chief Gemologist of AGL, ensuring business continuity and maintaining the laboratory's scientific independence. AGL will remain headquartered in New York and operate independently under its established brand while benefiting from IGI's global network and resources. No immediate operational changes are planned, with both organizations committed to maintaining existing technical standards and client service levels.

Market Positioning

The transaction strengthens strategic linkages between the United States, the world's largest market for fine jewelry and colored gemstones, and India, a global hub for gemstone manufacturing and certification. The combined platform positions the group to serve the global gemstone trade with enhanced scale, scientific capability, and geographic reach, addressing evolving market demands for provenance, transparency, and consistency in gemstone certification.

International Gemmological Institute (India) Ltd has reported strong financial results for Q3, showcasing robust growth across key performance metrics. The company's consolidated financial performance reflects healthy business momentum and operational efficiency during the quarter.

Financial Performance Overview

The company delivered impressive financial results with both revenue and profitability showing significant year-over-year improvements. The quarterly performance demonstrates the company's ability to maintain strong operational execution while expanding its business footprint.

Revenue Growth Momentum

The company achieved consolidated revenue of ₹3.2 billion in Q3, compared to ₹2.65 billion in the same quarter of the previous year. This revenue performance indicates strong demand for the company's services and successful business expansion initiatives. The substantial increase in top-line performance reflects the company's market position and operational capabilities.

Profitability Enhancement

Consolidated net profit reached ₹1.35 billion during Q3, representing growth from ₹1.14 billion reported in the corresponding quarter last year. The profit growth demonstrates effective cost management and operational efficiency improvements. The company's ability to convert revenue growth into enhanced profitability showcases strong business fundamentals and execution capabilities.

Business Performance Analysis

The quarterly results highlight International Gemmological Institute's consistent performance trajectory and market positioning. The company's financial metrics indicate successful business strategies and operational excellence. Both revenue and profit growth suggest sustainable business momentum and effective management execution across the organization's operations.