- by Runlongshanghai
- 12/15/2023
- Eductation
- Comments:70
Analysis of the Market Overview and Development Prospects of China’s Cultivated Diamond Industry in 2022
1、 Global analysis: Natural diamond supply and demand are tight, and cultivating diamonds is the best substitute
The formation of natural diamonds takes billions of years, and it is difficult to regenerate them after mining. Cultivating diamonds only takes a few weeks to complete in the laboratory. Therefore, in the context of a decrease in natural diamond supply and rapid growth in diamond demand, cultivating diamonds as an excellent substitute for natural diamonds is gradually gaining public recognition, and market penetration is gradually increasing. Cultivating diamonds relies on price advantages, and the industry’s prosperity continues to rise.
2、 Industry status: China’s cultivation of diamond preparation methods is mainly based on high-temperature and high-pressure methods, with a high market concentration
Cultivating diamonds is also known as laboratory diamonds because they are made through specific techniques in the laboratory. The synthesis methods mainly include high-temperature and high-pressure methods and chemical vapor deposition methods. Compared to the world, the cultivation of diamonds in our country developed relatively late and currently mainly relies on high-temperature and high-pressure methods. The diamonds cultivated by this method are mainly tower shaped, with fast growth speed, good color but slightly lower purity, and have certain advantages in comprehensive benefits. Due to the fact that cultivating diamonds is accomplished through specific techniques in the laboratory, which poses high technical difficulties, the industry barriers are high and the market is relatively concentrated.
3、 Enterprise analysis: The cultivation of diamonds has high technological barriers, and the R&D investment of enterprises continues to increase
In the first three quarters of 2022, all three companies showed good economic performance, and the net profit of shareholders increased significantly compared to the same period in the previous year. In 2021, the operating revenue of superhard materials and their products of the three companies showed a significant upward trend. Cultivating diamonds belongs to a high-tech industry with high technological barriers. Relevant enterprises also attach importance to innovation and improvement of technological research and development capabilities. Overall, the R&D investment growth trend of the three enterprises is obvious. Overall, the R&D investment in Zhongbing Hongjian is relatively large, while the R&D investment in Power Diamond is growing rapidly.
4、 Development trend: The demand for cultivating diamonds is increasing, and the industry’s prosperity is continuously improving
With the recognition of authoritative institutions for cultivating diamonds and the increase in consumer acceptance, many jewelry companies have also begun to layout their diamond cultivation business, relying on quality and price advantages to develop into the fields of fashion consumption and young consumption. In addition, in addition to its current application in the field of consumer jewelry, cultivating diamonds will also have deeper and wider applications in many high-tech fields in the future, and the market demand for cultivating diamonds will continue to increase. Many new players are gradually entering the cultivation of the diamond industry, and old players are also actively expanding production capacity. Expanding production is one of the inevitable trends in cultivating the future of the diamond industry.
Keywords: lab grown diamonds, global analysis of industry status of cultivated diamonds, lab grown diamond enterprise analysis, lab grown diamond development trends