Li Zhihong: Statistics on import and export of diamonds and products in 2013

On April 23, 2014, the Sixth Extended Executive Director Meeting of the 4th Superhard Materials Branch and the Cross-Strait Symposium on the Development of Super-Hard Materials were held in Jinghong City, Yunnan Province. Li Zhihong, the Secretary General of the association, presented a comprehensive report titled "2013 Statistics on the Import and Export of Diamonds and Products." According to the report, China produced approximately 15.1 billion carats of diamonds in 2013, reflecting an annual growth rate of 7.9%. Meanwhile, cubic boron nitride (CBN) production reached 430 million carats, with a significantly higher growth rate of 13.2%. The data highlights that while diamond production growth has slowed, CBN output is showing strong momentum. The report also pointed out two key challenges facing China's superhard materials industry: fierce price competition and a continued dominance in the low-end market. Despite this, there is a growing demand for high-end products, as evidenced by the rising imports of advanced diamonds and related materials. However, domestic production still falls short of meeting these quality standards. In terms of diamond saw blades, some Chinese manufacturers have started to gain international recognition with high-quality products. Yet, the proportion of low-end products is increasing. Some companies have even set up subsidiaries in Thailand to circumvent U.S. anti-dumping lawsuits against Chinese saw blades. China's diamond products dominate the U.S. market, holding over 81.4% of the market share, which indicates that China has achieved a level of technological advancement in this sector. However, the report also noted that prices are declining, particularly for superfine-plated diamonds. In the Japanese market, the share of high-end Chinese diamond products is gradually increasing, but competition remains intense with Japan, South Korea, and Taiwan. At the conclusion of the report, Secretary-General Li emphasized that global economic conditions remain weak, and China's domestic economic growth is slowing down. This has led to reduced demand in both domestic and international markets, putting pressure on enterprises in the superhard materials industry. Although diamond exports have slowly recovered from the decline seen in 2009, they have not yet returned to the peak levels of 2011. The export unit price fell by 11.4%, while import volumes surged by 62.2%, reaching a new historical high. The price gap between imports and exports remains significant, at 2.9 times. Despite these challenges, the long-term outlook for China's superhard materials industry remains positive. Strengthening research and development, upgrading technology, and fostering innovation are essential for sustainable growth. Enterprises must focus on market analysis, identify gaps, and pursue differentiated development strategies to avoid redundant investments and overcapacity. Only through such efforts can the industry achieve real progress and maintain its competitive edge globally.

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