Main Production Enterprise Of Diamond Product

China is a huge potential market of diamond consumption

. According to an investigation made by the De Beers Central Marketing Organization in 1995, by 2000 the consumption population of diamond jewelry in China will increase by 50% and the purchasing amount will grow by 47%. It is expected that China will rank among the largest consumers of diamond jewelry. According to reports, in 1996 the domestic marketing amount reached 60 billion RMB yuan and the export volume reached US $ 1.2 billion. In jewelry, 58% of people like diamonds. It is estimated that the consumption of diamonds in the whole country is about 14.64 billion RMB yuan (c. US $ 1.76 billion) per year. It is evident that the production of gem diamonds in China"s current annual production of 120,000 carats of diamonds falls far short of the domestic demands of China. Owing to the serious shortage of natural diamonds, industrial diamonds now are mainly synthetic diamonds, which account for over 99% of the consumption, while natural diamonds for industrial uses make up less than 1%. The annual domestic consumption of synthetic diamonds in China does not exceed 100 million carats. They are mainly consumed in building stone cutting tools. The consumptions of synthetic diamonds in cutting tools, the machinery industry and rock-drilling bits account for 60 to 70%, about 20% and less than 10% of the total consumption respectively. In 1996 the exports of synthetic diamonds were more than 80 million carats. Generally, the situation of supply exceeding demand is present on the synthetic diamond market in China.Henan Hongxing Mining Machinery Co., Ltd is the professional manufacturer of complete sets of mining machinery, for example,rotary kiln,flotation cells Welcome all of you to visit our official website.sand washing equipment:http://www.hx-crusher.com/sand_washer.html The quantities and amounts of China"s imports and exports of diamonds are by far greater than its production and amount. In foreign trade, China mainly processes imported natural diamond material. In 1996 China imported 2,345 kg of diamonds and diamond powder, valued at US $ 194.44 million, and exported 4,680 kg of diamonds and diamond powder, valued at US $ 148.30 million. Diamonds produced in China are mainly exported to Belgium, Thailand, Israel, Japan, Germany and Hong Kong and the imported diamonds are mainly from the United States, Belgium and South Africa.

by: maggie

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