Diamond, commonly known as “diamond”, dominates the synthetic diamond market in China. The sales volume of synthetic diamond in China accounts for more than 90% of the global market, 80% of which is supplied from Henan Province. Due to its excellent performance and chemical stability, diamond is widely used in high-end precision manufacturing, new energy vehicles, semiconductors, and other fields. In recent years, with the rapid development of markets such as photovoltaics, semiconductors, and new energy vehicles, the demand for diamonds in the industry will continue to rise.
China’s sales volume of synthetic diamond accounts for more than 90% of the global market, 80% of which comes from Henan Province. According to data, the production of diamond single crystals and micro powders will reach 14.5 billion carats in 2023, with 2.44 million carats of gem grade single crystals and 5.87 million diamond composite sheets. According to the Statistical Bulletin on National Economic and Social Development of Henan Province, the total diamond production in Henan Province will be 19.04 billion carats in 2024, a year-on-year increase of 19%. According to the average sales unit price of 0.26 yuan/carat for diamond single crystals, the size of China’s industrial diamond market in 2024 is estimated to be 5.15 billion yuan.
Here is your enquiry list