American Gem Society

2022 Annual Report

Smiling faces of AGS

Welcome to the American Gem Society's 2022 Annual Report

Dear Valued Members,

We are immensely proud of the work the AGS team and its member volunteers achieved in 2022.

Our most notable achievement in 2022 was expanding our valuable strategic partnership with GIA, our sibling organization. AGS and GIA advanced our long-standing collaboration in pursuit of our shared consumer protection missions, making industry history in the process.

As part of the collaboration, GIA created an endowment to support new educational initiatives for the membership. We look forward to furthering our efforts to develop the next generation of educated, ethical professional jewelers. 

With the transition at the end of 2022 of the AGS Laboratories, the fantastic work of the research and development team continues, now as part of GIA. We are so excited to see what the two teams combined achieve. One such project is already available, and we encourage you to take advantage of it: The AGS Ideal® Report by GIA. This truly unique digital report combines the unparalleled AGS Light Performance with GIA’s industry-leading diamond grading report. We appreciate the support the membership provided us during this transition, underscoring the specialness of our community.

AGS members continue to be among the most knowledgeable and skilled in the industry, and we are honored to serve you.

We look forward to continuing our vital work together and upholding the values that make the American Gem Society an industry leader.

Sincerely,

Katherine Bodoh - Signature
Katherine Bodoh, RJ
CEO
AMERICAN GEM SOCIETY
Lisa Bridge, CG

PRESIDENT
AMERICAN GEM SOCIETY 
INTERNATIONAL BOARD OF DIRECTORS

Membership

0
New Firms

Education

100

New Titles Awarded
2000

Digital Badges Issued

Financial Report

Statement of Financial Position

Fiscal Year Ending November 30, 2022

Assets

  • Current Assets $12,097,533
  • Property & Equipment $2,824,354
  • Other Assets $5,413,601
  • Total $20,335,488

Liabilities and Net Assets

  • Current and Long-term Liabilities $1,630,356
  • Net Assets $18,705,132
  • Total $20,335,488

Revenues

  • Member Dues $1,458,374
  • Laboratory Lease $122,364
  • Laboratory Net Profit $7,821
  • Other $7,393,144
  • Total $8,981,703

Expenses

  • Education $1,772,975
  • Other Member Services $755,423
  • Management & General $1,161,850
  • Total $3,690,248
  • Increase in Net Assets $5,291,455

Marketing Results

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