China's diamond industry review in 2009 - a slight decline in the first half of the year, and a rebound in the second half

Since the beginning of 2009, the impact of the world financial crisis on China's diamond industry has reached a certain level in the past year. This is a hot issue of common concern in the whole industry. In response to this problem, the reporter recently interviewed relevant experts, entrepreneurs and industry associations in the industry and listened to their views. Everyone agrees that although the financial crisis has inevitably had some impact on China's diamond industry, it is gratifying that our diamond industry is less affected than many industries at home and abroad. Inventory in 2009, the general situation can be summarized as two sentences: a slight decline in the first half of the year, and a rebound in the second half.
Here is a simple analysis from the following aspects:
1. Trends in China's diamond product prices in 2009 China's diamond products, in terms of quantity, are mostly supplied to the domestic market and are exported in small quantities. Therefore, they are less affected by changes in foreign markets.
The average unit price per kilogram of diamond products in China is about 0.40 yuan in 2008. According to the statistics, from the beginning of 2009, the price in the first half of the year has dropped slightly, and the average unit price is about 0.38~0.32 yuan. About 10%. Since July 2009, diamond prices have not fallen, and some varieties have begun to pick up. For example, the price of diamond type I and type II materials increased by 13% to 15%, which led to a slight increase in the overall price of diamonds, which was about 2.5%.
According to industry statistics, in the normal years before the financial crisis, such as 2006 and 2007, the price dropped by about 10% year by year. The price decline in 2009, although larger than the normal year, is better than expected. Overall, the impact of the financial crisis on China's diamond prices is not as serious as originally expected.
2. The production cost of diamond products in China in 2009 The cost of diamond production in China is 0.25 yuan per carat. The cost in 2009 has remained basically unchanged and has not increased. In contrast, the cost and price of foreign diamonds are relatively much higher, usually three to five times that of domestic products. China's diamond products are cost-effective and have a competitive advantage in the international market.
3. Diamond product production and market demand development trend According to industry statistics, China's diamond production in 2008 was 4.7 billion carats. According to preliminary statistics, the diamond production in 2009 was about 5.4 billion carats.
China's diamond market demand in 2009 has not shrunk. On the contrary, market sales are better than expected. Even better than 2008, production increased from 4.7 billion carats to 5.4 billion carats. The overall development of China's economy is less affected by the economic crisis. The policy investment of the Chinese government to stimulate the economy, especially for infrastructure projects and high-tech industries, is good news for the diamond industry, and diamond demand will continue to increase. And the increase will remain above 10%.
In short, looking back at 2009, China's diamond industry after a year of world financial crisis baptism, slightly declined in the first half, and rebounded in the second half. The overall situation is better than expected. Compared with last year, we can say with more confidence that the general trend of superhard materials industry development will not change, the market demand for superhard materials will continue to expand, and the superhard materials industry will continue to show. A new and broader prospect.

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