Source: Photo.com
On April 17, according to Henan Business Daily, the world's first diamond made of carbon extracted from peony flowers was unveiled in Luoyang.
This "peony diamond" was placed in the China National Garden Splendid Hall in Luoyang City, "this 'peony diamond' has 3 carats, worth 300,000 yuan, we use biological carbon extraction technology, extract carbon elements from peony, after high temperature, high pressure, and then cultivated." Wang Jing, head of Luoyang Life Gemstone Technology Co., Ltd., said.
Luoyang Life Gemstone Technology Co., Ltd., founded in 2021 and located in Luoyang City, Henan Province, is an enterprise mainly engaged in research and experimental development. The registered capital of the enterprise is 10 million yuan.
According to reports, at the end of March this year, China National Garden and Luoyang Life Gemstone Technology Co., Ltd. selected the first nearly 50-year-old "Luoyang Red" peony to enter the park to carry out "peony diamond" cultivation.
Wang Jing introduced that this diamond adopts the "peony cut" technique, which can make it have more facets, and it is like a peony blooming under the sun, dazzling.
At present, the diamond is donated by the company to the China National Garden for preservation. "This one-of-a-kind 'peony diamond' inherits the beauty and vitality of peony forever, has a special meaning, is extremely precious, and we will keep it properly. The person in charge of the Chinese National Garden said.
Source: Henan Business Daily
Market share and ranking of China's diamond industry
Lab-grown diamonds are diamonds artificially grown in the laboratory by simulating the growth environment of natural diamonds using toner. According to independent financial analyst Kiniskey, the global lab-grown diamond market size in 2022 will be US$12 billion, and China's lab-grown diamond consumption is one-tenth of the global market, so based on the average exchange rate of 6.72 in 2022, the forward-looking estimate of China's lab-grown diamond market size in 2022 will be 8.064 billion yuan. On this basis, the market share of lab-grown diamond-related companies is as follows:
Note: The figures in this chart are based on the 2022 interim report data of companies that have reported revenue from their lab-grown diamond business
Concentration of lab-grown diamond market in China
China's lab-grown diamond market is highly concentrated, and the leading effect is obvious. As of 2022, the interim data of each company is public, and the CR2 = 40.29% and CR4 = 48.33% of the mainland lab-grown diamonds.
China's lab-grown diamond market is growing rapidly
According to Statista's forecast, from 2023 to 2025, the size of China's lab-grown rough diamond market will increase from 2.55 million carats to 4 million carats. The compound annual growth rate was 25.24%. It is expected that by 2028, the market size of China's lab-grown diamond rough diamonds will reach 7,456,100 carats.
Before lab-grown diamonds achieved large-scale mass production, the price difference between lab-grown diamonds and natural diamonds was small, and the initial price of lab-grown diamonds was about 80% of that of natural diamonds, but after 2017, lab-grown diamonds entered the stage of large-scale mass production, and due to the continuous increase in supply, the price gap with natural diamonds continued to widen, and as of September 2022, the wholesale price spread between 1-carat round natural diamonds and lab-grown diamonds has widened to 76%. The Prospective Industry Research Institute predicts that in the future, with the continuous release of the mainland's lab-grown diamond production capacity, the price gap between lab-grown diamonds and natural diamonds is expected to further widen.
Prospective Economist APP Information Group
For more research and analysis of this industry, please refer to the "Global and China Lab-grown Diamond (Gem-quality Synthetic Diamond) Industry Development Prospect and Investment Strategic Planning Analysis Report" by Qianzhan Industry Research Institute
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