New Premises
IGI Acquires AGL to Strengthen Global Colored-Gemstone Certification
Deal combines IGI’s global scale with AGL’s scientific expertise, reinforcing trust, transparency and innovation in gemstone grading.
The International Gemological Institute (IGI) has acquired American Gemological Laboratories (AGL), marking a significant step toward expanding its global colored-gemstone certification services. The acquisition brings together IGI’s extensive international network, infrastructure and market presence with AGL’s deep scientific leadership in colored gemstones.
Calling the move transformational for the industry, IGI Global CEO Tehmasp Printer said the combination will help build a future-ready certification ecosystem that delivers scale without compromising scientific rigor or integrity. He added that the partnership aims to set new global benchmarks for trust, transparency and consistency in gemstone certification.
AGL will continue to operate independently, retaining its headquarters in New York. Chris Smith will remain president and chief of gemology. Both organizations will maintain their existing technical standards and service levels, while collaborating on the development of new tools, reporting formats and provenance solutions for the global market.
IGI said the acquisition also strengthens strategic ties between the US—the world’s largest fine jewellery and colored-gemstone market—and India, a key global manufacturing hub, further supporting international trade and industry integration.
New Premises
Palmonas Expands Its Mumbai Retail Presence With A New Store In Bandra
New Turner Road store strengthens Palmonas’ Mumbai retail presence, bringing its Demi-fine®, 9KT Gold and Fine Silver collections closer to festive shoppers.
Palmonas has expanded its retail presence in Mumbai with the opening of its new store in Bandra West. Located on Turner Road, the store comes at an opportune time during the festive season, offering customers greater convenience as they shop for festive jewellery, thoughtful gifts and occasion-ready styles.
The new store brings Palmonas’ diverse jewellery collections closer to shoppers, featuring Demi-fine® jewellery, 9KT Gold jewellery and Fine Silver designs. With the festive season bringing a calendar of celebrations, family gatherings and gifting occasions, customers can explore a range of designs suited to both everyday styling and special moments, all under one roof.
The Bandra store reflects Palmonas’ continued focus on expanding its offline retail footprint across key urban markets and making jewellery shopping more accessible and convenient. By bringing its collections closer to customers, the brand aims to offer a seamless shopping experience during one of the busiest retail periods of the year.
As consumers look for jewellery that complements their festive looks or makes for meaningful gifts, the new store offers a convenient destination to discover designs across categories and price points.
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