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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

MCX Gold Futures For June Delivery Slip , Geopolitical Uncertainty Keeps Bullion in Focus

International Bullion Markets Remained Volatile As Investors Monitored Developments In US-Iran Negotiations

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Gold and silver prices traded lower on Thursday amid easing US Treasury yields and improving global market sentiment, even as geopolitical tensions surrounding the US-Iran conflict continued to influence investor outlook. On the Multi Commodity Exchange (MCX), gold futures for June delivery slipped Rs. 206 to Rs. 1,59,800 per 10 grams, while silver contracts for July delivery fell Rs. 1,350, or 0.5%, to Rs. 2,72,915 per kilogram.

International bullion markets remained volatile as investors monitored developments in US-Iran negotiations. US President Donald Trump indicated that talks with Iran were in their “final stages” but cautioned that failure to secure an agreement could trigger renewed military action, keeping risk sentiment fragile.

Analysts said precious metal prices continue to be supported by concerns over inflation and safe-haven demand. The partial closure of the Strait of Hormuz has sustained elevated crude oil prices, fuelling worries about supply disruptions and inflationary pressures.

A softer US dollar and a pullback in Treasury yields also offered some support to bullion after recent bond market volatility. However, expectations of a hawkish stance from the US Federal Reserve continue to weigh on sentiment, with policymakers signalling that further rate hikes may be considered if inflation remains above target.

Market participants are now closely watching progress in US-Iran talks, movements in crude oil prices, and upcoming manufacturing and services PMI data from major economies for further direction in bullion markets. Domestically, higher import duties on gold and silver are expected to keep demand subdued, with prices likely to remain range-bound in the near term.

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