下游产品日益丰富，我国人造金刚石产业规模全球领先

Industry Overview - The synthetic diamond industry in China is globally leading, with a growing range of downstream products including cultivated diamonds and industrial diamond products [1] - The retail price of cultivated diamonds has dropped over 50% from peak levels in recent years, with a 1-carat high-quality cultivated diamond now priced around 3,500 yuan, compared to over 40,000 yuan for a natural diamond [9] Market Dynamics - The consumer base for cultivated diamonds is predominantly young, with approximately 70% of buyers being under this demographic [11] - The sales of cultivated diamonds are expected to double this year compared to last year, indicating a significant market expansion [11] Production and Technology - Companies are investing in research and development to improve the production efficiency of large particle cultivated diamonds, achieving a 30% increase in production efficiency and a corresponding decrease in costs [15] - The industry has formed a complete supply chain in China, with 46 companies in Henan province covering all aspects from seed cultivation to diamond synthesis and cutting [17]