Core Insights - The article highlights the transformation of Zhecheng County in Henan Province, China, from a poverty-stricken area to a hub for diamond production, particularly synthetic diamonds, making diamond rings accessible to ordinary people [1][4]. Industry Overview - Zhecheng County produces over 90% of China's diamond powder and nearly half of the country's synthetic diamond output, establishing itself as a significant player in the diamond industry [1][4]. - The county has registered 65 diamond retail stores and attracted over 600,000 tourists this year through its "diamond+" initiative, indicating a growing industrial tourism sector [3]. Technological Advancements - The production of synthetic diamonds in Zhecheng utilizes advanced technology, allowing for the creation of high-purity diamond crystals in just 7 to 15 days under high temperature and pressure conditions [3]. - Companies in Zhecheng are focusing on digitalization, green technology, and high-end manufacturing to enhance their competitive edge in the diamond market [7][9]. Market Dynamics - The price of synthetic diamonds in Zhecheng is significantly lower than that of natural diamonds, with prices being 1/5 to 1/10 of natural diamonds, making them more accessible to consumers [2][3]. - The local industry is exploring new applications for diamond products, including in semiconductor materials and other high-tech fields, to diversify and extend the market reach [8][9]. Regulatory and Supportive Measures - The local government has implemented various policies to support the diamond industry, including development plans and regulatory frameworks to ensure sustainable growth [6][7]. - Efforts are being made to protect the reputation of Zhecheng's diamond market from counterfeit products through strict enforcement actions against fraudulent practices [10].

Core Insights - The article highlights the transformation of Zhecheng County in Henan Province from a poverty-stricken area to a hub for diamond production, particularly synthetic diamonds, making diamond rings accessible to ordinary people [1][3]. Industry Overview - Zhecheng County produces 90% of China's diamond powder and nearly half of the country's synthetic diamonds, with a total production of approximately 4.5 billion carats of diamond single crystals and 11 billion carats of diamond powder as of September 2023 [4]. - The county has established a complete industrial chain involving raw materials, industrial-grade diamond single crystals, and diamond equipment, with over 200 enterprises in the synthetic superhard materials sector [3][4]. Technological Advancements - The production of synthetic diamonds in Zhecheng utilizes advanced technology, with a process that takes 7 to 15 days under high temperature and pressure to create high-purity diamond raw materials [3]. - Companies in Zhecheng are focusing on digitalization, green technology, and high-end manufacturing to enhance their competitive edge in the diamond industry [8][10]. Market Dynamics - The price of synthetic diamonds in Zhecheng is significantly lower than that of natural diamonds, being only 1/5 to 1/10 of the price, which has led to increased accessibility for consumers [2][3]. - The local diamond industry is expanding into new markets, including semiconductor materials and other functional applications, to adapt to changing market demands [9][10]. Future Prospects - Zhecheng aims to enhance its reputation as "Diamond Capital" by increasing innovation, protecting intellectual property, and improving consumer trust through regulatory measures against counterfeit products [11]. - The county is also upgrading its diamond trading center to include smart trading systems and immersive experience exhibitions, further promoting its diamond industry [11].

Group 1 - The 10th Huashang Cultural Festival was held in Shangqiu, showcasing the city's historical significance as a commercial hub and providing a platform for cultural exchange among global Chinese merchants [2][21] - The Wangzhuang archaeological site, which dates back approximately 5000 years, was recognized as one of the top ten archaeological discoveries in 2023, highlighting the region's rich cultural heritage and its role in the development of Chinese commerce [3][21] - Shangqiu is increasingly recognized for its strategic position and the growth of local industrial clusters, particularly in manufacturing, which has been bolstered by the return of entrepreneurs and the transfer of industries from eastern regions [6][7] Group 2 - The local economy is diversifying, with significant developments in various sectors such as footwear manufacturing in Suixian, where over 600 shoe-related enterprises have established operations, achieving an annual production capacity of 350 million pairs [10] - Yucheng has become a leading producer of steel tape measures, with an annual output of nearly 1.5 billion units, capturing 85% of the domestic market and 65% of the global market [11] - The diamond industry in Zhecheng has transformed, with the region being a major producer of diamond powder and synthetic diamonds, contributing significantly to high-end manufacturing sectors [13][14] Group 3 - The refrigeration industry in Minquan is thriving, with the production of refrigerators and cold storage vehicles accounting for a significant portion of the national market, and innovations in smart manufacturing are being implemented [15][17] - The establishment of the "Minquan-Qingdao Port" sea-rail intermodal service has enhanced export capabilities for local businesses, allowing them to compete more effectively in the global market [18][19] - The overall economic development in Shangqiu is supported by a comprehensive transportation system and favorable business environment, attracting investment and fostering collaboration with various provinces [21][23]