The formation of natural diamonds takes billions of years, and it is difficult to regenerate them after mining. Cultivating diamonds only takes a few weeks to complete in the laboratory. Therefore, in the context of the decrease in the supply of natural diamonds and the rapid growth in demand for diamonds, cultivating diamonds as an excellent substitute for natural diamonds has gradually been recognized by the public, and the market penetration has gradually increased. Cultivating diamonds relies on price advantages, and the industry's prosperity continues to rise.
2、 Industry status: China's diamond production methods are mainly high temperature and high pressure, with high market concentration ratio
Cultivated diamonds are also known as laboratory diamonds because they are made through specific techniques in the laboratory. The synthesis methods mainly include high-temperature high-pressure method and chemical vapor deposition method. Compared to the world, China's cultivation of diamonds has developed relatively late and currently mainly relies on high-temperature and high-pressure methods. The diamonds cultivated by this method are mainly tower shaped, with fast growth speed, good color, but slightly lower purity, and have certain advantages in comprehensive benefits. Due to the high technical difficulty of cultivating diamonds through specific techniques in the laboratory, industry barriers are high and the market is relatively concentrated.
3、 Enterprise analysis: High technical barriers to cultivating diamonds, and continuous increase in enterprise research and development investment
In the first three quarters of 2022, all three companies showed good economic performance, and the net profit of shareholders increased significantly compared to the same period in the previous year. In 2021, the operating revenue of superhard material and their products of the three enterprises will increase significantly. Cultivating diamonds belongs to a high-tech industry, with high technological barriers. Relevant enterprises also attach importance to innovation and improvement of technological research and development capabilities. Overall, the growth trend of R&D investment in the three enterprises is obvious. Overall, the R&D investment in Zhongbing Hongjian is relatively large, while the R&D investment in Power Diamond is growing rapidly.
4、 Development trend: Increasing demand for diamond cultivation and continuous improvement of industry prosperity
With the recognition of authoritative institutions for cultivating diamonds and the improvement of consumer acceptance, many jewelry companies have also begun to layout their diamond cultivation business, relying on quality and price advantages to develop into the fields of fashion consumption and young consumption. In addition, in addition to its current application in the field of consumer jewelry, cultivating diamonds will also have deeper and wider applications in many high-tech fields in the future, and the market demand for cultivating diamonds will continue to increase. Many new players are gradually entering the cultivation of the diamond industry, and old players are also actively expanding production capacity. Expanding production is one of the inevitable trends in cultivating the future of the diamond industry.