Research on current situation and development trends of China’s lab-grown diamond market
Significance Since natural diamond entered China in the 1990s, China has rapidly developed into the world's second-largest natural diamond consumer. In 2009, China's imports of polished diamond jewelry exceeded Japan's, becoming the world's second-largest natural diamond retail m...
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| Format: | Article |
| Language: | zho |
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Zhengzhou Research Institute for Abrasives & Grinding Co., Ltd.
2025-06-01
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| Series: | Jin'gangshi yu moliao moju gongcheng |
| Subjects: | |
| Online Access: | http://www.jgszz.cn/article/doi/10.13394/j.cnki.jgszz.2023.0263 |
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| Summary: | Significance Since natural diamond entered China in the 1990s, China has rapidly developed into the world's second-largest natural diamond consumer. In 2009, China's imports of polished diamond jewelry exceeded Japan's, becoming the world's second-largest natural diamond retail market. Globally, China is the most important producer of lab-grown diamonds and the most promising lab-grown diamond consumer in the future. However, there are not many research results on the consumption of lab-grown diamond in China, which seriously restricts the development of China's lab-grown diamond retail market. In 2023, China's lab-grown diamond retail market developed rapidly, with lab-grown diamonds and jewelry being accepted by a wider range of consumer groups. Lab-grown diamond will became one of the most innovative products in China's jewelry market. To fully reflect the development status of China's lab-grown diamond market, this study is based on the current development status of China's lab-grown diamond retail market and rough diamond market, combined with relevant research results from the US lab-grown diamond retail market and China's natural diamond retail market, to explore the development path and future trends of China's lab-grown diamond.ProgressThe study finds that China's lab-grown diamond retail market now shows great development potential. Compared with the past market of hundreds of billions of natural diamonds, the future market size of lab-grown diamonds is very worthy of attention. At the same time, due to China's advantages in new media and online live broadcasting, it is expected that with the promotion of new media and the expansion of sales channels through online live broadcasting, the rapid development of China's lab-grown diamond retail market will be significantly promoted. Although the lab-grown diamond market has grown significantly, it also faces severe challenges. Conclusions and ProspectsThis paper suggests that the joint efforts and collaboration of all stakeholders are needed to build a sustainable development model for China's lab-grown diamond industry, so as to better promote its healthy development. Looking to the future, with the continuous deepening of theoretical research on the retail of China's lab-grown diamond market, and with the continuous improvement in the awareness level of Chinese lab-grown diamond consumers, in the context of the rapid development of the lab-grown diamond retail market to meet the needs of segmented consumer markets, China's lab-grown diamond industry will definitely have a very bright future. However, this also requires all stakeholders in China's lab-grown diamond industry to attach great importance to it, and work together to promote the healthy development of the industry. This study provides valuable insights for scholars, industry professionals and institutions interested in the development of China's lab-grown diamond retail market. In addition, this paper also provides practical guidance for the development of China's lab-grown diamond retail market. |
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| ISSN: | 1006-852X |