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Traditionally, diamonds are regarded as precious and rare gems. However, with the increasing concern for sustainability and ethical procurement, the diamond industry is facing challenges. The exposed blood diamond problem and environmental impact caused consumers to question the diamond industry. At the same time, the technical development and market promotion of artificial diamonds also compete with the natural diamond industry. These factors lead to the disappearance of the mystery of the diamond market, and consumers pay more attention to the source and production process of diamonds.
Once it was "sky high" to buy a diamond, but now the diamond recycling has become "cabbage price"! A dealer who has been engaged in the recycling business of jewelry and luxury goods for two years said that a 1-carat, D-color diamond was recycled from the customer a few days ago, which is the best quality of the diamond. Three years ago, the value of this diamond was 110000 yuan, but now its recovery price is 18000 yuan And was bought by another buyer for 19000 yuan. Both the customer and he felt heartache, the customer felt heartache, the wealth devalued, and the merchants were worried, "Just made 1000 yuan".
Once diamonds were promoted to the same status as houses and cars, and unconsciously became a kind of "just need" in marriage. But now, A generation of young people seem to care more about the actual economic value of diamonds than the symbolic meaning. When diamonds depreciate, more and more young people buy second-hand diamonds, artificial diamonds, or even do not buy diamonds. One of the main reasons for the rapid depreciation of diamonds is man-made diamonds. Some people commented that the price of diamonds in Henan has been lowered.
Looking back at the development of China's diamond industry from the "rapid depreciation of diamonds":
——China's diamond production capacity ranks first in the world
China's diamond market has a huge demand and is the second largest diamond consumer in the world, promoting the rapid development of China's diamond industry. Therefore, from the perspective of cultivating diamond production links in the upstream of the diamond industry chain, according to Bain Consulting, China's diamond cultivation capacity will rank first in the world in 2020, reaching 3 million carats. Secondly, India and the United States are the world's second and third largest producers of cultivated diamonds, with production capacities of 1.5 million carats and 1 million carats respectively in 2020.
——China's diamond industry is more favored by capital
Since 2018, the frequency of cultivated diamonds in the market has gradually increased, driving the diamond industry to regain the favor of capital. In 2021 and 2022, there will be three investment events in China's diamond industry, with the investment amount of 1.45 billion yuan and 1.07 billion yuan respectively, of which the investment amount in the diamond industry in 2021 will be the highest in recent 10 years.
——The proportion of China's diamond market in the world continues to increase
From the perspective of downstream retail consumption, the size of China's diamond market has rapidly increased, which was only US $560 million in 2000, accounting for 1% of the global diamond market size. In 2021, the size of China's diamond market has increased to US $12.4 billion, an increase of more than 20 times over 2000. In 2021, China's diamond market will account for 14% of the global market.
——Look at Henan for cultivating diamonds
The listed companies in China's diamond industry are mainly located in Henan Province, Guangdong Province and Hong Kong, while the rest are located in the coastal areas from east to south. Among them, Henan Province mainly focuses on cultivating diamond industry; Guangdong Province, Hong Kong, Shanghai and other landlords should focus on diamond retail consumption. In addition, Jiangsu and Zhejiang have both fostered leading diamond manufacturing and retail diamond related enterprises, and their development is relatively balanced.
Analysis of the report of the Prospective Industry Research Institute, According to relevant forecasts, from 2023 to 2025, the size of China's diamond rough diamond market will grow from 2.55 million carats to 4 million carats; The compound annual growth rate was 25.24%. It is predicted that by 2028, the market size of diamond rough diamonds cultivated in China will reach 7456100 carats.
At the same time, according to the China Diamond 2021 Yearbook issued by the Shanghai Diamond Exchange, The overall trend of the industry can be summarized in two aspects, One is digital transformation. Build diamond traceability platform through Internet, blockchain and other means; The second is to strengthen the bond of international diamond trade. By signing agreements and setting up offices, the international diamond trading process will be more simplified and convenient, and the efficiency of diamond trade will be improved.
Prospective Economist APP Information Group
For more research and analysis of this industry, please refer to the Analysis Report on the Development Prospects and Investment Strategic Planning of the Global and Chinese Diamond (Gem grade Synthetic Diamond) Industry of the Prospective Industry Research Institute.
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