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Diamond Supply and Demand Situation

Diamond Supply and Demand Situation

  • March 23. 2021

The diamond industry chain includes graphite, single crystal, micropowder, polycrystalline composite sheet, and diamond products from top to bottom. At present, about 50% of single crystals are used in the production of sawing tools in China. According to the different application fields of polycrystalline products, polycrystalline composite sheets are divided into: Die blanks for cutting tools and wire drawing. Diamond Tools products are divided into single crystal products (abrasive tools, sawing tools), polycrystalline products (geological drill bits, cutting tools, wire drawing dies).


Around 80% of the world's natural diamonds are used in industrial processing of Diamond Saw Blades, Diamond Core Drills and Diamond Abrasives Tools. In the past few years, China's diamond foreign trade has made great progress. With the rise and rapid development of the diamond processing industry, relevant Chinese companies have increased their diamond import and export efforts.


At present, the demand for medium and high-grade diamonds and products is on the rise, and the demand is increasing at a rate of not less than 10%, which provides a living space for the diamond industry to develop to a high level, and the market potential is great. With the advancement of technology, diamond has been widely used in acoustic, optical, electrical and thermal properties. Its huge potential market will become clearer and clearer, and it will become one of the most viable and promising new materials in the field of high-tech new materials in the world today.


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