The overall prosperity of superhard materials and products industry keeps rising.
Last month, the first China International Abrasives grinding show was officially opened in Zhengzhou International Convention and Exhibition Center. The audience was in an endless stream and strong popularity. It was the first time in China's abrasive grinding industry to hold such an exhibition. It is seen that the industry has only appeared on a large scale this year, and it has not been paid much attention to before. Because of the decline in the cost of hard materials such as artificial diamond, it has led to the replacement of traditional abrasive, such as silicon carbide. It is this structural substitution that brought the diamond industry into the current cycle of development. Considering that the new applications of downstream are still emerging, the whole industry is on the rise. Low - end diamond products are now overcapacity: China's largest diamond production enterprises in South China have reached 4 billion 600 million carats, compared with last year's expansion of 1 billion carats. The third diamond producer is expected to exceed 1 billion 200 million carats this year. There will be a larger expansion plan announced in the future.