National News
VAJRA INDUSTRY RESEARCH AND ACADEMIC MEET (VAIRAM) 2025 organised by GJEPC, IIT Madras inaugurated in Chennai
The Vajra Industry Research and Academic Meet (Vairam) 2025, a joint effort by GJEPC and InCent LGD IIT Madras, was officially introduced at the IITM Research Park in Chennai.
Madras at IITM Research Park, Chennai, was unveiled by Prof. V Kamakoti, Director, IIT Madras, Prof M S Ramachandra Rao, InCent-LGD, IIT Madras, Mr. Manish Jiwani, Co-Convener, LGD Committee, GJEPC and Mr. Sabyasachi Ray, Executive Director, GJEPC among other dignitaries and industry experts.
The workshop features several panel discussions. “Beyond Gems: Next-Generation Applications of OLab-Grown Diamonds” explores LGDs’ potential in various industries beyond jewellery. “Lab-Grown Diamond Growth and Treatment Recipes and Challenges” delves into the intricacies of CVD and HPHT methods. “Diamond Quality Checks and Certification” addresses the crucial need for standardised quality control for gems, jewellery, and seeds. “Lab Grown Diamond Machines and Processing Equipment” will highlight the importance of indigenous equipment manufacturing to bolster India’s self-reliance. The workshop has drawn 150 + participants from the industry.
Key Takeaways
Diamond Quality Checks & Certification:
- Advanced treatments challenge LGD grading and certification accuracy.
- Key challenges: ensuring grading accuracy, standardization, and detecting undisclosed synthetics.
- Emphasis on advanced testing methods, tech-driven grading, and industry consistency.
- Traceability of tested items is a major issue.
- LGDs are both supplementary and complementary to the diamond industry.
- Mimicking natural diamond growth patterns in LGDs remains a challenge.
LGD Growth & Treatment Recipes: Key Takeaways
- Increasing nitrogen in HPHT accelerates growth, benefiting gem-quality diamonds but not other industrial uses.
- Focus on optimizing growth parameters, impurity control, and enhancement for superior diamonds.
- Challenges include consistency, reducing defects, scalability, and reliance on high-purity raw materials.
- Future focus on refining processes, improving sustainability, and enhancing research-industry collaboration.
Diamond Quality Checks & Certification (Continued): Key Takeaways
Strengthening quality assurance frameworks is essential to ensure consumer trust globally.
Grading LGDs differs from natural diamonds, especially in color; secondary reference masters needed.
Labs must assess hue saturation and intensity, not just color for LGDs.
Clarity characteristics differ due to metallic inclusions in LGDs.
Color grading challenges arise in borderline clusters where AI struggles.
LGDs are cut for perfection, unlike natural diamonds, which are cut for weight retention.
National News
MCX Gold Futures Trade Near ₹1.42 Lakh Amid Dollar Strength and Fed Rate Cues
Persistent Inflation Concerns and Hawkish Policy Cues From The US Federal Reserve Continue To Weigh On Non-Yielding Bullion.
Multi Commodity Exchange (MCX) gold futures for the December contract traded in the range of Rs 1,42,324 to Rs 1,43,150 per 10 grams, reflecting recent market pressure driven by a stronger US dollar and expectations of high-for-longer interest rates from the US Federal Reserve.
Key Market Highlights
MCX December Gold Futures: ~Rs 1,42,324 – Rs 1,43,150 per 10 gramsMCX Benchmark (Previous Close Range): ~Rs 1,44,100 per 10 grams. Domestic Physical Rates: Rs 1,43,290 per 10g (24K) | Rs 1,31,350 per 10g (22K).
COMEX Gold (International Reference): ~$4,068.70 per ounce
Market Drivers
US Fed Rate Outlook: Persistent inflation concerns and hawkish policy cues from the US Federal Reserve continue to weigh on non-yielding bullion.
Firm US Dollar: A strengthening US dollar has increased the cost of dollar-denominated gold across global and domestic markets.
Festive Domestic Demand: Local buying ahead of Dhanteras and the festive season continues to provide intermittent support, cushioning broader price pullbacks.
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