As you are aware, everything passed as email message has to be textualized.
<img />
tag is sufficient (the url of the image must be linked to a Source ID).A Typical email example will look like this:
From: foo1atbar.net
To: foo2atbar.net
Subject: A simple example
Mime-Version: 1.0
Content-Type: multipart/related; boundary="boundary-example"; type="text/html"
--boundary-example
Content-Type: text/html; charset="US-ASCII"
... text of the HTML document, which might contain a URI
referencing a resource in another body part, for example
through a statement such as:
<IMG SRC="cid:foo4atfoo1atbar.net" ALT="IETF logo">
--boundary-example
Content-Location: CID:somethingatelse ; this header is disregarded
Content-ID: <foo4atfoo1atbar.net>
Content-Type: IMAGE/GIF
Content-Transfer-Encoding: BASE64
R0lGODlhGAGgAPEAAP/////ZRaCgoAAAACH+PUNv
cHlyaWdodCAoQykgMTk5LiBVbmF1dGhvcml6ZWQgZHV
wbGljYXRpb24gcHJvaGliaXRlZC4A etc...
--boundary-example--
As you can see, the Content-ID: <foo4atfoo1atbar.net>
ID is matched to the <IMG>
at SRC="cid:foo4atfoo1atbar.net"
. That way, the client browser will render your image as a content and not as an attachement.
Hope this helps.