The cultivation of diamonds ushered in the outbreak of opportunities, the market size of the future can be expected


Date:

21/11/22

Cultivation of diamonds is through modern technology in the laboratory to simulate the growth environment of natural diamonds bred out of diamonds, like natural diamonds, are composed of pure carbon crystals, its crystal structure integrity, transparency, refractive index, dispersion and other aspects can be comparable to natural diamonds, the same properties, are real diamonds, and Mosan diamonds, cubic zirconia and other imitation diamonds are different.

Cultivation of diamonds is through modern technology in the laboratory to simulate the growth environment of natural diamonds bred out of diamonds, like natural diamonds, are composed of pure carbon crystals, its crystal structure integrity, transparency, refractive index, dispersion and other aspects can be comparable to natural diamonds, the same properties, are real diamonds, and Mosan diamonds, cubic zirconia and other imitation diamonds are different.

The birth of cultivated diamonds dates back to the 1950s. As early as 2012-2015 period, cultivated diamonds have appeared in the jewelry market, early part of the business as a imitation of natural diamonds, cultivated diamonds were once regarded as a flood beast by the industry. In recent years, with the development of identification technology and the standardization and promotion of major institutions and enterprises at home and abroad, cultivated diamonds are rapidly breaking the prejudices of people in the past and are accepted by more and more brands and consumers.

Although cultivated diamonds are cultivated in the laboratory, with the progress of technology, domestic mainstream manufacturers have been able to provide consumers with larger and more beautiful diamonds from product quality.

At the same time, natural diamonds are expensive due to their scarcity. The proportion of cultivated diamond retail price in natural diamonds will be reduced, and with the advancement of technology in the future, cultivated diamonds will be more and more cost-effective.

In addition, from the perspective of environmental protection, the mining of natural diamonds will lead to the destruction of the surface environment, increase land loss, consumption of water resources, etc., and also involve cruel problems such as blood diamonds and conflict diamonds. Compared with natural diamonds, the emergence of cultivated diamonds to avoid the cruel reality of natural diamonds, but also to avoid environmental pollution, overexploitation and other problems.

In 2020, the diamond retail market will be cultivated, mainly in the three major countries of the United States, China and India, of which the United States has the highest share and occupies the first place, and the rapid increase in 2021 compared with the previous year; China's market share ranks second, relatively small compared with the United States, but also increasing year-on-year, is gradually expanding the cultivation of diamond retail scale, the future potential is great; India and the rest of the world are basically flat.

At present, a number of brands around the world have established their own cultivated diamond brands. In May 2018, De Beers, the world's largest diamond producer, officially announced the launch of Lightbox, a cultivated diamond brand. As the consumer market becomes more and more aware of cultivated diamonds, more and more brands are joining the cultivated diamond industry: Foreign brands such as Swarovski's brand Diama, the largest diamond jewelry retailer SignetJewelers in the United States, domestic brands such as CARAXY, LIGHTMARK, and LUSANT launched by Yu Garden Jewelry this year have joined the cultivated diamond market, as well as Chow Daifu's cultivated diamond brand cama.

At present, the cultivated diamond industry is still growing at a high rate, and the penetration rate is only single digits. Worldwide, in addition to the US market, domestic and other market demand has not really picked up. However, in the future, as the cultivation of diamond synthesis technology continues to improve, and the market consumption concept and consumption habits change, the cultivation of diamonds will usher in the opportunity of rapid rise, showing better growth, and the space is huge.

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