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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.

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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.

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National News

Modest Uptick in Gold and Silver Prices as Global Macroeconomic Factors Continue to Influence Market Sentiment

The Surge in Energy Costs has Concurrently Kept the U.S. Dollar Elevated, Creating a Complex Trading Environment for Domestic Commodities

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There was a modest uptick in gold and silver prices as global macroeconomic factors—specifically crude oil volatility and a firming U.S. Dollar—continue to influence market sentiment. Gold and silver showed the following movements on the Multi-Commodity Exchange (MCX): Gold (MCX): Traded at Rs 1,48,745 per 10 grams, representing a 0.14% increase from its previous close. Silver (MCX): Surged to Rs 2,38,699 per kilogram, an appreciation of 0.57%.

This follows earlier morning volatility (09:37 IST), where gold briefly dipped 0.08% to Rs 1,48,410 before recovering in response to shifting global indicators.

The upward movement in precious metals coincides with Brent crude oil prices stabilizing near the $110 per barrel mark. This sustained pricing follows the recent U.S. decision to extend the blockade around Iranian ports, fueling supply-side concerns. The surge in energy costs has concurrently kept the U.S. Dollar elevated, creating a complex trading environment for domestic commodities.

Brent crude at $110 remains a significant headwind for the domestic economy. As long as energy prices remain at these elevated levels, investors anticipate a persistent downside risk to India’s growth and a heightened upside risk to inflation.

While futures markets indicate a broad upward trend, retail gold prices continue to vary across Indian cities based on local taxes, duties, and purity levels (22K vs. 24K). Investors are advised to monitor the Federal Reserve’s upcoming announcement, as it will provide further direction for interest rate trajectories and the subsequent valuation of non-yielding assets like gold.

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