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AGS Granted Another Patent

August 20, 2008

FOR IMMEDIATE RELEASE

AMERICAN GEM SOCIETY™ GRANTED ANOTHER PATENT

New patent is organization's fourth in 2008

LAS VEGAS - For the fourth time this year, the American Gem Society has acquired a patent recognizing its Performance-Based Cut Grading System.

The announcement follows the Society's recent news that it received three patents - a first for the organization - in the first half of 2008.

The United States Patent and Trademark Office (USPTO) granted patent number 7,382,445, developed by AGS Laboratories® Executive Director Peter Yantzer and his research team, on June 3. The scientific abstract reads that the patent is for "methods for grading gemstones, apparatus for grading gemstones and systems that utilize such methods and apparatus."

"It's certainly exciting for us to receive another patent - it's a wonderful acknowledgment of the work performed by the AGS Laboratories research team," said Ruth Batson, executive director and CEO of the American Gem Society. "But the motivation behind our research is, and has always been, to contribute to the body of gemological knowledge in a way that enriches and protects the jewelry industry and its consumers."

The three earlier patents include numbers 7,336,347; 7,355,683; and 7,372,552. For more information on the American Gem Society patents, or to view the scientific abstracts for each, visit the USPTO's Web site at www.uspto.gov. Click on "Patents," then "Search Patents."

For more information on the AGS Performance-Based Cut Grading System, visit www.americangemsociety.org, then click on "Trade/Media," "Education," then "The Performance-Based Cut Grading System."

The American Gem Society, founded in 1934 by Robert M. Shipley, is a not-for-profit trade association dedicated to proven ethics, knowledge, and consumer protection within the jewelry industry. The American Gem Society is the international professional organization awarding credentials of Registered Jeweler (RJ), Certified Gemologist (CG), Certified Gemologist Appraiser (CGA), and Independent Certified Gemologist Appraiser (ICGA). Members are held to the highest ethical and professional standards in the industry and must pass annual recertification examinations to maintain their American Gem Society titles. Less than five percent of jewelers in the country have met the exacting requirements necessary for membership.

For more information regarding the American Gem Society, please call 866.805.6500, or visit their Web site at www.americangemsociety.org.