How should China’s artificial diamond industry develop?
The supply of natural diamonds is insufficient, and the sustainable production of man-made diamonds. Supply side: natural diamonds are non renewable resources, and there is an upper limit on supply, while the industrial production of man-made diamonds can be continuously supplied; Demand side: the consumption of diamond jewelry has increased steadily, the acceptance of artificial diamond has been continuously improved, and the demand for artificial diamond in wedding scenes and accessories scenes under the demand of pleasing oneself has increased, driving the high prosperity of the artificial diamond industry. The upstream of man-made diamond first benefited. After the upstream formed technical barriers and the competition pattern was relatively stable, the downstream cultivated brands gradually rose. The product structure in the consumer market was diverse and the price was stable, entering the era of brand competition
With the increasing recognition of Chinese synthetic diamond in the international market, the output of Chinese synthetic diamond ranks first in the world
40% – 50% of the world’s artificial diamond blanks come from China and are produced by high pressure and high temperature technology. In 2020, the global total production capacity of synthetic diamond blanks will be about 7 million carats. China is the world’s first producer of synthetic diamond, with a production capacity of about 3 million carats, accounting for 40% of the market. With the increasing recognition of international customers, the export volume of synthetic diamond shows a stable growth trend
The synthetic diamond industry has high comprehensive competition barriers, and the improvement of key technologies and process control is the basis for future development
The competitive barrier of synthetic diamond lies in two aspects: key technology and process control, including a series of core technologies such as raw materials, formula, coal production, synthetic, process and control parameters. The production threshold of low-grade synthetic diamond is low, and the requirements for product quality and production technology are not high; The medium and high-end products represented by high-grade diamond single crystal, high-end diamond micro powder and large particle artificial diamond put forward higher requirements for the R & D strength, process level and quality control of the enterprise, and the entry threshold is high
Synthetic diamond has become the main driving force to promote the scale of synthetic diamond market
The standardization of synthetic diamond industry has been improved, enterprise jewelry brands have actively entered the synthetic diamond industry, and emerging synthetic diamond brands have also emerged. In May 2017, Diama, a synthetic diamond brand under Swarovski, was officially launched in North America; In 2018, global diamond leader De Beers announced the launch of artificial diamond jewelry brand Lightbox. In addition, independent artificial diamond brands such as diamond foundry (USA), caraxy (China) and lightmark xiaobaiguang (China) have also emerged one after another to gradually cultivate consumer awareness
