The impact of the epidemic on the diamond segment industry in 2022

Publish date:2022-07-14 15:30:00 Article From:Linsing Diamond Tools Clicks:

After 2020, the international environment is affected by the epidemic, trade is blocked, and the global economy slowly transitions from a period of rapid development to a period of slow development, during which the diamond segment industry has been greatly challenged, mainly in the following aspects of the situation changes:

First: synthetic diamond production cannot keep up with demand, especially many diamond manufacturers with greater production capacity to invest in higher profits of white diamonds, resulting in a shortage of synthetic diamond products, and due to the shortage caused by the price continues to rise.

Second: the impact of the epidemic has led to a more complex international situation, originally many countries and regions can purchase goods through some offline exhibitions, and almost all offline exhibitions, especially for China's diamond segment manufacturers, have almost not participated, and they have missed the best negotiation period with customers.

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Third:
The Sino-US trade war, although neither side has emphasized that they are fighting a trade war, but the trade war in full swing is still continuing, and the scale is also increasing.

Fourth: the promotion of the renminbi, in recent years, the continuous appreciation of the renminbi is not a good thing for export foreign trade, which means that the competitiveness of the product is even worse.

Fifth: the Russo-Ukrainian War, at present, all products and goods in the Russian-speaking area are basically in a state of suspension, especially the segment products used for processing stone, and there is no place for them.

In such a background environment, after March 11, 2022, Quanzhou broke out a large-scale epidemic, as the world's largest export volume of segments, segment production has been greatly challenged, the current latest situation response, some of the segment production enterprises in Quanzhou City are currently in a state of suspension of production and suspension, and this state will last for a long time, especially after the lockdown in Quanzhou, the suspension time is even more unpredictable, and the market itself is out of stock, especially in India, Pakistan and other large countries of stone roughing. Therefore, there will be many uncontrollable situations in the future, mainly the following points:

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1: The price of the segment will further climb, because of the current rise in raw material prices, if there is a shortage of products because of the epidemic in Quanzhou, then the price of the segment will be further speculated.

2: Some stone processing enterprises will have no segment available, if the epidemic continues to worsen, after a month, most of the stone factories if there is no inventory, will face no segment available, the segment mentioned here is a higher stability of the segment, rather than the small factory production of poor quality and quality control of the product.

3: The market will appear uneven phenomenon, mainly because many small factories producing segments will start to produce, and the space that was originally squeezed has the opportunity to loosen.

4: Scammers in the market will increase significantly, and it is hoped that customers at home and abroad will pay special attention. All in all, choosing a larger-scale segment manufacturer, not greedy and cheap, is a problem that must be paid attention to in the future short-term segment procurement.