The problems reflected by the increase in diamond prices

The diamond industry has risen with the rise of the entire industry, but it has shown a steady downward trend. What is the reason? What problems does the market effect reflected by the increase in diamond prices reflect?

It is well known that the diamond industry, known as the fine "diamond tools", is an indispensable material for terminal products and intermediate products.

In recent years, with the increase in production materials and labor costs of synthetic diamonds in China, the price of diamonds has continued to soar in superhard materials, and the diamond grinding wheels and diamond saw blades derived from them are the most obvious. Some local small and medium-sized enterprises have been eliminated one after another because they cannot bear the pressure of increased costs. However, the market has not shown a saturation trend. It can be said that the diamond industry is still a very popular industry for a long time, and the purchase and supply of diamonds have not been affected much. However, it has also brought some adverse market effects. In order to reduce the investment in costs, some diamond companies do not increase their support for corporate innovation, which makes some products seriously lack the competitiveness of similar diamond products abroad. As far as diamond tools are concerned, while prices are rising, domestic sales are declining and foreign orders are increasing. Therefore, we should consider that no matter which industry, innovation is the driving force of corporate life, and diamond is no exception. Even if the industry is uneven now, we should always keep it in mind.

In the diamond industry, the sales of abrasives and grinding tools in the market have gradually increased since the year before last. According to relevant media reports, Zhongnan Diamond and Huanghe Cyclone, two major diamond companies, have increased their input and output respectively. On March 22, Jiangxi Jinkui Energy Technology Co., Ltd. took the lead in mass production of the world's most advanced diamond cutting wire. These all show that the development potential of the diamond industry in China is no less than that abroad.

The market effect behind the increase in diamond prices requires us not only to increase the innovation of the industry, but also to make better plans and preparations for market demand. The price increase is not limited to the entire industry. How to find a breakthrough in the industry while the price is rising is the problem that the diamond industry currently needs to consider.