cultured diamonds: the industry is highly competitive and the future is full of opportunities

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

yazhen diamond's production in 2023 will be 15,100 carats, which has achieved the expected annual production target. however, the sales of finished products are affected by the yield rate in the processing process and the continued decline in the market sentiment of cultured diamonds, resulting in insufficient profitability in the end. this phenomenon is not an isolated incident. the same confusion exists in the industry. the development of the cultured diamond industry still faces many challenges.

however, it is also worth noting that cultured diamonds are becoming more and more popular among end consumers due to their high cost-effectiveness and environmental protection. in particular, the young groups of millennials and "generation z" are increasingly fond of cultured diamonds, and the market consumption potential is gradually being realized. industry insiders generally believe that the penetration rate of cultured diamonds is expected to increase further in the future.

despite this, the future development of the cultured diamond industry is not easy. industry insiders pointed out that the current identification of cultured diamonds uses the identification standards of natural diamonds, which leads to excessively high identification costs and is not conducive to the further development of the industry. in addition, the cultured diamond market lacks a complete industry access mechanism and independent identification rules, which also hinders the steady development of the market.

in order to solve these problems, the head of the china jewelry and jade association has proposed that cultured diamonds are an emerging sunrise industry with a huge global market, and it is imperative to establish a standardized system from production and processing, identification and inspection to wholesale and retail. the china jewelry association will accelerate the promotion of projects such as the cultured diamond international trading center to explore strategic paths for the high-quality development of china's cultured diamond industry.

at the same time, manufacturers are also exploring the path of diversified development and looking for new growth points. when asked about the proportion of cultured diamonds and industrial diamonds in the zhongnan diamond production line, china north industries group corporation replied that industrial diamond and cultured diamond production can be converted to each other under certain conditions, and the production line is flexible. zhongnan diamond will dynamically adjust the proportion of the two types of products according to market demand. huifeng diamond also stated that the company will continue to focus on diamond micropowder as its main business and expand the application of diamond micropowder in other fields such as aerospace and medicine; at the same time, it will focus on the research and application of functional diamonds in semiconductors, optical films, heat dissipation materials and other fields.

in short, the cultured diamond industry is in a stage of rapid development, facing both opportunities and challenges. i believe that with the improvement of industry mechanisms and the optimization of the market environment, the cultured diamond industry will usher in a new chapter of development.