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2024 Annual Report

Welcome to the American Gem Society's 2024 Annual Report

American Gem Society Forging Connections and Building community logo.

Dear AGS Community,

As we reflect on 2024, an overarching highlight was celebrating 90 remarkable years of the American Gem Society (AGS) with our team, our Board, and our members at Conclave. Throughout the year, we acknowledged our history on the pages of Spectra and our website, and reflected on the lasting impact our organization has had on the jewelry industry. This milestone not only honors our rich history but also emphasizes our unwavering commitment to education, ethical business practices, and professional excellence.

Thanks to the Robert and Beatrice Shipley Endowment from GIA, we were able to bring top-tier education to Conclave, Confluence, AGS PRO, Spectra, and Spectra Update, ensuring that AGS members had access to the latest insights in gemology, business, and leadership.

Confluence, our virtual learning experience, gave us the opportunity to tackle the critical topics of natural and laboratory-grown diamonds. Our dedication to delivering relevant, forward-thinking education was evident in our publications as well—2024 saw more educational content published in Spectra, Spectra Update, and AGS PRO, reinforcing our commitment to keeping AGS members informed and ahead of industry developments.

Befitting a 90th anniversary, Conclave 2024 was truly one for the books. Time and again, our members have called it one of the best Conclaves ever—and that is saying something! We welcomed dynamic keynote speakers, including Jesse Cole, Mick Ebeling, and Peter Katz, who inspired and challenged us to think bigger, push boundaries, and embrace innovation.

At Conclave, we also announced Converge 2025, a one-of-a-kind, premier conference that will bring together the best of GIA education and research, the esteemed Harvard Business School program, and the exceptional professional development breakout sessions you have come to expect from AGS. This event will redefine industry education, equipping our members with the knowledge and tools needed to adapt, transform, and succeed in the evolving marketplace. If you haven’t registered yet, visit ConvergeEvent.com. Space is limited, and we anticipate it will sell out.

As we look ahead, we remain driven to provide the AGS community with exceptional education, fostering connections, and upholding the highest standards of professionalism and ethics. Your dedication and engagement inspire us, and we look forward to reaching even greater achievements together.

Thank you for being part of our journey. Here’s to our brilliant future, together.

Warmest regards,

Alexis Padis, CGA

PRESIDENT
AMERICAN GEM SOCIETY 
INTERNATIONAL BOARD OF DIRECTORS

Katherine Bodoh - Signature
Katherine Bodoh, RJ
CEO
AMERICAN GEM SOCIETY

Membership

New Firms
0

Education


New Titles Awarded
100

Digital Badges Issued
2000

Financial Report

Statement of Financial Position

Fiscal Year Ending November 30, 2024

Assets

  • Current Assets $17,113,929
  • Property & Equipment $2,726,100
  • Other Assets $6,023,316
  • Total $25,863,345

Liabilities and Net Assets

  • Current and Long-term Liabilities $949,631
  • Net Assets $24,913,714
  • Total $25,863,345

Revenues

  • Member Dues $1,701,025
  • Lease Revenue $199,980
  • Other $4,610,986
  • Total $6,511,991

Expenses

  • Education $2,493,362
  • Other Member Services $933,010
  • Management & General $1,948,553
  • Total $5,374,925
  • Increase in Net Assets $1,137,066

Marketing Results

Find a Jeweler Visits
0
Total Visits to AGS.org
0
Social Media Reach
0
Press Hits
0
Digital Ad Impressions
0