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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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IBJA, SAARTHI 360 Sign MoU To Launch ‘NextGen CEO: Leadership for the Future’

Executive Education Initiative To Equip The Next Generation Of Jewellery Manufacturers With The Leadership Capabilities, Strategic Perspective and Decision-Making Skills Required To Lead Family Businesses.

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The India Bullion and Jewellers Association (IBJA) and SAARTHI 360 have signed a Memorandum of Understanding (MoU) to launch ‘NextGen CEO: Leadership for the Future’, an executive education programme designed to prepare the next generation of jewellery manufacturers for CEO and senior leadership roles in family-owned businesses.

The programme will help emerging leaders move beyond day-to-day operations by strengthening their strategic thinking, leadership judgement and managerial capabilities to improve organisational performance and support sustainable growth.

Building the Next Generation of Jewellery Business Leaders

Centred on ‘NextGen CEO — Becoming the CEO of a Family Jewellery Business’, the programme addresses leadership succession and executive decision-making in family-owned jewellery enterprises.

  • Understanding the CEO’s role: Defining a CEO’s responsibilities and expectations in a jewellery business.
  • Clarifying leadership and governance roles: Distinguishing among an owner, promoter, director, managing director and CEO.
  • Strategic leadership versus daily operations: Moving from routine management to long-term business direction and priorities.
  • Decision-making and strategic thinking: Applying structured frameworks to complex business situations.
  • Managing stakeholders: Navigating relationships with family members, shareholders, employees and other stakeholders.
  • Performance measurement: Using a CEO dashboard to monitor performance and support informed decisions.
  • The first 100 days as CEO: Establishing priorities for the transition into executive leadership.
  • Second-generation leadership challenges: Addressing succession, authority, accountability and organisational change.
  • Ethics and integrity: Building trust through responsible leadership, sound governance and ethical decision-making.

Surendra Mehta, National Secretary, IBJA, said:

“Family-owned jewellery businesses play a significant role in India’s gems and jewellery industry. As these businesses grow and prepare for generational transitions, developing capable and confident future leaders becomes increasingly important. Through this initiative, we aim to help the next generation build the clarity, discipline and leadership capabilities needed to take their businesses forward while preserving the strengths of their family legacy.”

Binit Bhatt, Partner, SAARTHI 360, said:

“Becoming a CEO is about much more than inheriting a title. It requires a fundamental shift in mindset—from managing day-to-day operations to setting direction, making informed decisions, building accountability and earning the confidence of family members, employees and other stakeholders. The NextGen CEO programme is designed to equip emerging leaders with practical frameworks and perspectives that they can apply to the realities of their own businesses.”

Hitesh Khandelwal, Partner, SAARTHI 360, said:

“Jewellery businesses are navigating an important generational transition, where preserving a strong legacy must go hand in hand with professional management and strategic thinking. Through NextGen CEO, we aim to help emerging leaders develop the confidence, capabilities and business perspective required to lead effectively, drive sustainable growth and prepare their organisations for the future.”

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