National News
VAIRAM 2026 Opens at IIT Madras with Focus on India’s LGD Growth
The Vajra Industry Research & Academic Meet (VAIRAM) Workshop 2026, co-organised by GJEPC and InCent LGD IIT Madras, is taking place on 20 February 2026 at IIT-Madras, Chennai, with stakeholders from academia and industry discussing the next phase of India’s laboratory-grown diamond (LGD) growth.
The dignitaries present at the opening ceremony were Prof. Manu Santhanam, Dean (IC&SR), IIT Madras; Sanket Patel, Convener – LGD Committee, GJEPC; M.S. Ramachandra Rao, Head of the India Centre for Lab Grown Diamond (InCent-LGD) at IIT Madras; Jayanti Savaliya – Gujarat Region Chairperson, GJEPC; Ashish Borda, Convener – PMBD, GJEPC; Mital Doshi, Convener, BITC, GJEPC; and Sabyasachi Ray, Executive Director, GJEPC. Also present on the occasion were Manish Jiwani, Co-Convener, LGD Panel, GJEPC and Bharat Ghori, Member, Diamond Panel, GJEPC.
The day’s sessions will focus on Research to Commercialisation, HPHT Technology Scale-Up, Advanced Applications Beyond Gems, and Quality & Characterisation Standards, alongside presentations by IIT Madras and industry experts.
During the event, the GJEPC-run Indian Institute of Gems & Jewellery (IIGJ) and IIT Madras will also be signing a Memorandum of Understanding (MoU) to collaborate on diploma courses, aimed at strengthening education and skill development in emerging diamond technologies.
A book titled Laboratory Grown Diamond – Production Technologies and its Applications, authored by N. Arunachalam, S. Krishnakanth and T. Mukhilan, was also launched on the occasion.
sorce:GJEPC
National News
MCX Gold, Silver Move North On June US Employment Report
MCX Gold Futures Reclaimed the ₹1.48 lakh Mark
MCX Gold Futures reclaimed the Rs 1.48 lakh mark, hitting an intraday high of Rs 1,48,046 per 10 grams before stabilizing around Rs 1,47,845 (up 1.43%). Spot Gold (Global) surged by 1.5% to trade at $4,185 per ounce, rapidly closing in on the $4,200 level.
MCX Silver Futures zoomed up by Rs 4,457 or 1.91% to trade near Rs 2,37,761 per kg, after touching an intraday high of Rs 2,38,216 per kg. Spot Silver (Global) climbed more than 2.3% to trade comfortably above $62 per ounce.
The primary catalyst behind the bullish reversal was the June US employment report, which indicated a cooling US economy.
Nonfarm Payrolls: The US added just 57,000 jobs in June—the lowest hiring momentum in four months—well below the market expectation of 110,000 jobs.
Unemployment Rate: The rate edged down from 4.3% to 4.2%. However, economists noted that the decline was largely due to a weaker labour force participation rate, which fell to 61.5%, rather than stronger hiring activity.
Sectoral Shifts: Professional and business services (+36,000) and healthcare (+22,000) led job gains, while the leisure and hospitality sector recorded a sharp decline of 61,000 jobs.
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