Diamonds are long-lasting? Chinese artificial diamonds may completely subvert the global market

Abstract For thousands of years of natural diamonds forged in extreme heat and pressure, they can be sold for more than $2,000 per carat. Nowadays, the advanced technology mastered by Chinese companies can produce diamonds in weeks or even days, and it is almost indistinguishable from natural products. In fact, the world is currently...

Forged in thousands of years of natural diamonds under extreme heat and pressure, it can be sold for more than $2,000 per carat.

Nowadays, the advanced technology mastered by Chinese companies can produce diamonds in weeks or even days, and it is almost indistinguishable from natural products.

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In fact, most of the world's industrial diamonds are manufactured in China. By 2017, China's artificial diamond production capacity has ranked first in the world for more than a decade, accounting for more than 90% of global production.

Paul Zimnisky, an independent analyst in the diamond and mining industry, said that China produces about 10 billion carats of diamonds for industrial use each year, but the supply of artificial diamonds for international jewellery is now only a few million carats per year.

Zimnisky believes that even if only a very small part of China's industrial drilling capacity is upgraded to diamonds for jewelry use, it will have a huge impact on the international diamond supply, causing the price of diamonds to plummet and reshape the entire global diamond industry.

Margaux Donckier, spokesperson for the Antwerp World Diamond Center, also mentioned that China and Asia are the main producers of synthetic diamonds: “Although synthetic products account for only 3% to 5% of the consumer market, the share is growing rapidly. ""

In addition, according to Morgan Stanley's industry forecast, by 2020, synthetic diamonds will account for 15% of the jewelry-grade small carat diamond market, and the proportion of the jewelry-level large carat synthetic diamond market will also reach 7.5. %, the market space for synthetic diamonds is further increasing.

It is worth noting that synthetic diamonds are not fake diamonds. Yan Chuanyi, an associate professor at the Physical and Chemical College of Henan Polytechnic University, said that artificial diamonds are industrial synthetic drills, also known as cultivating diamonds or growing diamonds. It is the principle of simulating the growth of natural diamonds, allowing carbon to be produced in high temperature and high pressure environments:

“To make a common analogy, the difference between natural and artificial is like the difference between ice in a river and ice in a refrigerator.”

This is not a statement. In the jewellery guide issued by the Federal Trade Commission (FTC) in 2018, the word “natural” was removed from the basic definition of diamonds, and “synthetic” was no longer recommended to refer to experiments. The diamonds produced in the room mean that the status of synthetic diamonds has never been higher.

In May of the same year, De Beers, the world's largest diamond manufacturer, also announced its involvement in the field of synthetic diamonds, launching the Lightbox Jewelry, which was officially sold on the official website in September. The artificial diamond factory, which was invested by Element Six, which invested $94 million, was officially launched. The artificial diamonds produced by the plant will be directly applied to the new brand.

This move has undoubtedly caused shocks in the Chinese industry. They said that this is a huge boost to the artificial diamond industry, which is conducive to China's artificial diamonds to accelerate the development of the market. Hu Junheng, manager of the large-scale artificial diamond enterprise Henan Huanghe Cyclone Diamond Division, told Xinhua that “from the current sales data, the positive situation has already appeared, and the sales volume of artificial diamonds in the last quarter of 2018 has increased significantly.”

Zimnisky also expects that Chinese companies may soon compete with De Beers.

They have been widely used in solid lubrication, corrosion protective and antifouling coating, flame retardant material, moderator of nuclear reactor and Li-CFx batteries due to the merits of extremely low surface energy, excellent chemical stability, outstanding heat endurance and super theoretical specific capacity.

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