Nurturing diamond industry in 2021: comparable to natural diamonds, will the nurturing diamond market usher in an outbreak?

The market has raised awareness of the cultivation of diamonds. As the leading jewellery giants of the world, such as Day Beers, SWAROVSKI, China’s jewelry brand Zhou Dafu and Yu Garden jewelry, have launched their brand of diamond cultivation, the upgrading of consumer cognition and recognition will drive the demand of industry terminal rapidly, and the industry will accelerate the trend of penetration. At the same time, with the increasing rise of young consumer groups represented by millennials and Z generation, their consumption characteristics of loving personalization and paying attention to fashion will drive the continuous growth of self pleasing demand in the diamond industry. Cultivated diamonds will become the best substitute for natural diamonds by virtue of their cost-effective advantages to supplement the gap between supply and demand. This report is based on the analysis of the competition pattern, industrial chain and consumer end of the diamond industry, and the growth driving force and Prospect of the future development of the diamond industry according to the current market situation and industrial policies.

Compared with natural diamonds, cultivated diamonds have become emerging jewelry with significant advantages. Cultivated diamonds are artificially cultivated diamonds that simulate the growth environment of natural diamonds. Cultivated diamonds can be completely consistent with natural diamonds in physical, chemical and optical properties. Compared with natural diamonds, cultivated diamonds have obvious advantages in quality (providing more refined diamonds), cost (retail price is only one-third of natural diamonds) and environmental protection (cultivating diamonds saves water resources, reduces land loss and carbon emission). At present, cultivated diamonds have been certified by various international authoritative appraisal institutions. The greatly reduced threshold for consumers to buy makes it possible to improve the popularity of diamond cultivation in the future.

From the supply side, the diamond industry chain is divided into upstream blank production, middle reaches blank processing and downstream jewelry sales. At this stage, the upstream production technology EO com. The technology has realized the mass production of large carat cultivated diamonds, the middle reaches can share the processing production line with natural diamonds, and many international well-known jewelry retailers in the downstream can speed up the layout and cultivation of the diamond jewelry market. From the demand side, the millennials and generation Z as young groups have become the main force of Xiaofei. The consumption concept has changed. Cultivating diamonds is more in line with the consumption concept of the new generation. At the same time, the acceptance of cultivating diamonds is increasing rapidly, and the industry will enter a period of rapid growth. The global diamond market is large and the penetration rate of cultivated diamonds is low. The iteration of production technology will promote the continuous expansion of the cultivated diamond market. With the establishment of organizations in the cultivated diamond industry, the improvement of technical standardization and identification technology, the expansion of production capacity, and the improvement of consumers’ awareness and willingness to consume, the market share of cultivated diamonds will be greatly increased. It is estimated that the global cultivated diamond scale will be nearly 100 billion yuan in 2025, The industry will achieve rapid growth.

 

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